Cboe Sees Slump in September FX Volumes, Reverses August Gains

With September now behind us, exchanges, brokers, and trading providers are now publishing their monthly trading volumes for last month. One firm to do just that is Cboe, which has today reported its spot monthly volume.

In the month of September 2019, there were 21 trading days as compared to August, which has 22 trading days. This may have an influence on the trading volumes posted by the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

During September, Cboe, which is the largest options exchange in the United States, reported a foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) spot volume of $637.7 billion. In the same period, the exchange had an average daily volume of $30.4 billion.

When measuring the total monthly volume against the previous month, which posted a volume of $728.0 billion and an average daily volume of $33.1 billion, September’s total volume has fallen by 12.4 percent.

September trading reverses August recovery

As Finance Magnates reported, Cboe saw a positive uptick in trading volumes on a monthly comparison in August, recovering slightly from July, which reported the weakest monthly trading volume since December of 2017.

Not only is September’s volume weaker than the previous month, but it is also the second weakest figure reported by the exchange so far this year, in front of only July, which had a monthly volume of $632.5 billion.

Last month’s figure also doesn’t hold up on an annual comparison. During September of 2018, the options exchange posted a monthly volume of $715.5 billion and an average daily volume of $35.8 billion. These volumes were based on 20 trading days, one less than last month.

During the month, Cboe noted the strongest trading volume for spot FX on the 12th of September, when $43.8 billion was traded. This is in contrast to the weakest trading volume of $15.7 billion, which was achieved on the 2nd of the month.