Cboe Reports Higher Trading Volumes Across All Business Lines

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported ‎its trading volumes for the month ending August 2019, which saw a ‎stronger performance in key business segments.‎

During August 2019, Cboe disclosed a total trading volume for options contracts at 186 million, up 19 percent year-on-year from 156 million contracts back in August 2018. This corresponded to an average daily volume (ADV) of 8.45 million contracts per day, which was up 24 percent year-on-year from 6.81 million contracts per day in the same month a year earlier.

Additionally, the figures illustrated a similar pattern at the Cboe over a monthly interval, which in terms of total ADV volumes during August 2019 marked an increase of 25 percent month-on-month from 6.73 million contracts in July 2019.

Across its futures business, Cboe Global’s total volumes came in at 7.93 million contracts in August 2019, up by 36 percent over a yearly basis from 5.82 million contracts a year back. The figure also marks an advance of 53 percent month-on-month when compared with 5.19 million in July 2019. 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 yielded an average daily volume (ADV) of 361,000 contracts per day, which was higher by nearly 42 percent from 253,000 contracts in the previous month.

FX business improves

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $33.92 billion in August 2019, up 20 percent month-over-month from $27.5 billion in July 2019. However, this figure is lower by five percent over a yearly basis when compared with $34.8 billion in the previous year.

Looking at its total volumes, Cboe FX inked a figure of $728 billion in August 2019, up 15 percent on a month-over-month basis from ‎$632 ‎billion in July 2019‎. In a similar pattern, the figure was even lower by nine percent year-over-year when weighed against $802 billion in August 2018.

August had been a more active month compared to July, but overall 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 is still benefiting from rising geopolitical tensions, concerns about US-led trade wars with several countries, and the prospect that the slow global economic growth is not nearing its bottom. Key currency pairs have departed its wait-and-see mode seen in the second quarter where they were stuck in narrow price ranges.