Cboe Reports Dip in FX Volume during April 2021

Cboe FX Markets today reported its monthly trading volume for April 2021. The US-based FX trading venue saw a dip in the average daily volume (ADV) and the total volume over the last month.

According to the official numbers, the total ADV for April came in at $30.7 billion, which is a significant drop from $38.2 billion in March 2021. April had a total of 22 trading days, compared to 23 trading days in March 2021.

The FX trading venue reported a total trading volume of $677 billion last month, compared to $880 billion in March 2021. The total trading volumes last month were at the lowest level since August 2020. In August last year, Cboe reported $602 billion in total trading volume along with the ADV of $28 billion.

Since the start of this year, Cboe saw a consistent jump in FX trading volumes and ADV. In January 2021, the company reported $700 billion in total FX trading volume along with the ADV of $35 billion. The total volume jumped in February and reached a multi-month high of $880 billion in March. The latest dip in numbers shows that the overall demand at the trading venue is dropping.

Cboe Global Markets

In April 2021, Finance Magnates reported the recent surge in options ADV of Cboe global markets. Options ADV jumped by more than 18% in the first three months of 2021.

“Total combined volume at Cboe Global Markets’ four options exchanges set a new monthly volume record with 266 million contracts traded. Total options volume also set a new quarterly volume record with 773 million contracts traded in the first quarter of 2021. Average daily volume (ADV) for index options of 1.9 million increased 19 percent sequentially compared to 1.6 million in the fourth quarter of 2020,” Cboe mentioned at the time of the announcement of Q1 of 2021 numbers.

In January 2021, Cboe completed the takeover of dark-pool stock trading platform BIDS Trading, the largest block-trading ATS by volume in the US, for an undisclosed price.