CBOE's Futures, Options Volumes See Double-Digit Advance in 2017

CBOE (NASDAQ:CBOE) has reported its full-year trading statistics for 2017. During the year, the exchange notched a healthy gain in both its futures and options volume, despite seeing a wavering performance on a monthly basis during 2017. Finance Magnates previously covered CBOE’s December volumes, which can be accessed by the following link.

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2017 was characterized by episodic droughts of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. For many exchanges, this resulted in a bottoming out of trading volumes during August with big money remaining on the sidelines. Trading activity picked up in the fall though Q4 2017 was highly uneven, ultimately falling in December 2017 to close out the year.

In terms of a full-year snapshot, CBOE’s total average daily volume in 2017 came in at 6.9 million contracts. This was good for a rise of 10.8 percent year-over-year from 6.2 million contracts per day in 2016. Total options volume overall also rose 10.8 percent in 2017, relative to the year prior.

Futures volume was also pointed higher in 2017, with average daily contracts being reported at 295,000 contracts. Compared to 2016, this figure constituted a growth of 23.4 percent year-over-year from just 239,000 contracts in 2016. Moving forward, it will be interesting to see the prolonged impact of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures trading on CBOE’s overall volumes, which was introduced last month.

Unlike other exchanges, CBOE saw its US and European equities volumes retreat in 2017, which ran counter to other institutional venues. Equities have been one of the strongest performing sectors during the year, notably towards year end with the passage of the GOP tax bill breathing renewed life into markets.

CBOE’s US equities volume in 2017 fell 1.24 billion shares per day, retreating off of 1.5 billion shares per day in 2016 – this corresponded to a decline of 18.1 percent year-over-year. European equities fared little better during the year, experiencing a 10.7 percent decline relative to 2016.

Finally, global FX volumes were stronger in 2017, helped by specific periods of high trading activity. A combination of events and political scandals helped jar currency markets earlier this year, with FX volumes being one of the prime beneficiaries.

In particular, CBOE’s 2017 average daily notational volume was reported at $29.6 billion, higher by 9.8 percent year-over-year from 2016 ($26.9 billion). Total notational volume at CBOE was also improved, albeit by a factor of 9.4 percent on a yearly basis in 2017.