Cboe Global Markets Sees a Sharp Surge in Index Options Contracts during August

Wednesday, 07/09/2022 | 08:20 GMT by Bilal Jafar
  • Compared to August 2021, the figure climbed by approximately 53%.
  • Total volume across all four Cboe options exchanges reached 307.5 million contracts in August.
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A prominent provider of global market infrastructure and tradeable products, Cboe Global Markets published its trading volumes for August 2022, yesterday. The company witnessed a significant surge in trading activity during the last month as the overall volume across all four Cboe options exchanges touched 307.5 million, which is the highest month on record.

As far as the Global FX segment is concerned, Cboe saw an average daily notional value of $37.2 billion during the reported period, which is the highest amount recorded in August. Additionally, Cboe Japan’s market share touched a record of 4.6% in August 2022.

“Total volume in S&P 500 Index (SPX) options was 51.4 million contracts, the highest month on record. The average Daily Volume (ADV) of 2.2 million contracts was the second highest month on record. ADV in SPX options expiring on the trade date (zero-days-to-expiry) set a new record with approximately 973,000 contracts in August. Total volume in Nanos options surpassed 100,000 contracts traded since its launch in March 2022,” Cboe noted in an official press release yesterday.

European Markets

Compared to the same period last year, activity across European equities increased by almost 32% in August. However, the figure decreased by over 16% compared to July 2022.

“Cboe Europe Equities had an overall market share of 24.2 percent in August, making it Europe's largest stock exchange for the second successive month. Cboe BIDS Europe, Cboe's European block trading platform, had a 34 percent share of the LIS (large-in-scale) market, making it the largest platform of its type for the fifth successive month,” Cboe added.

Earlier this year, Cboe Global Markets announced the completion of the acquisition of NEO.

A prominent provider of global market infrastructure and tradeable products, Cboe Global Markets published its trading volumes for August 2022, yesterday. The company witnessed a significant surge in trading activity during the last month as the overall volume across all four Cboe options exchanges touched 307.5 million, which is the highest month on record.

As far as the Global FX segment is concerned, Cboe saw an average daily notional value of $37.2 billion during the reported period, which is the highest amount recorded in August. Additionally, Cboe Japan’s market share touched a record of 4.6% in August 2022.

“Total volume in S&P 500 Index (SPX) options was 51.4 million contracts, the highest month on record. The average Daily Volume (ADV) of 2.2 million contracts was the second highest month on record. ADV in SPX options expiring on the trade date (zero-days-to-expiry) set a new record with approximately 973,000 contracts in August. Total volume in Nanos options surpassed 100,000 contracts traded since its launch in March 2022,” Cboe noted in an official press release yesterday.

European Markets

Compared to the same period last year, activity across European equities increased by almost 32% in August. However, the figure decreased by over 16% compared to July 2022.

“Cboe Europe Equities had an overall market share of 24.2 percent in August, making it Europe's largest stock exchange for the second successive month. Cboe BIDS Europe, Cboe's European block trading platform, had a 34 percent share of the LIS (large-in-scale) market, making it the largest platform of its type for the fifth successive month,” Cboe added.

Earlier this year, Cboe Global Markets announced the completion of the acquisition of NEO.

About the Author: Bilal Jafar
Bilal Jafar
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Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.

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