Cboe Global Markets reported a 7.4% year-over-year decline in global FX trading volumes for October 2024.
Despite the FX slowdown, the exchange saw significant growth in Asian markets and European clearing operations.
Cboe Global
Markets reported a significant decline in global foreign exchange (Forex)
trading volumes for October, while experiencing substantial growth in its Asian
operations, highlighting shifting market dynamics across regions.
Cboe FX Trading Volumes
Drop 7.4%, While Asian Markets Surge
Average
daily volume (ADV) in Cboe’s
global FX segment fell to $44.4 billion in October, marking a 7.4% decrease
from the $47.9 billion recorded in the same month last year. The decline was
even more pronounced when compared to September 2024, showing a 7.7%
month-over-month drop from $48.1 billion.
Year-to-date
results proved more favorable. ADV from January to October 2024 was $46.8
billion, up nearly 6% from $44.4 billion in the same period in 2023. It suggests the October decline may be a temporary deviation from the broader upward trend.
The
exchange operator's Asian operations emerged as a bright spot, with Japanese
equities trading volume surging 47% year-over-year to 288 billion yen.
Australian equities trading also showed resilience, climbing 8% to 777 million
AUD compared to October 2023.
Mixed Performance
Elsewhere
In Europe,
Cboe Clear Europe achieved notable milestones, processing 117.5 million client
trades in October—its highest monthly volume in 2024. The clearing house also
marked its entry into the German market, clearing its first trades on Deutsche
Börse.
The options
segment showed mixed performance, with multiply-listed options contracts
declining 3.9% year-over-year to 10.9 million contracts per day. Index options
volumes experienced a steeper decline of 12.3% compared to October 2023,
averaging 3.9 million contracts daily.
Futures
trading witnessed the most significant decline among all segments, with average
daily volume dropping 36% year-over-year to 187,000 contracts. U.S. equities
trading volumes also softened, with on-exchange matched shares decreasing 6.4%
compared to the previous year.
The
European equities business provided another positive highlight, with average
daily notional value rising 13.6% year-over-year to €10.5 billion. The
segment's Periodic Auctions service set a new record with €2.5 billion in
average daily notional value.
Cboe Global
Markets reported a significant decline in global foreign exchange (Forex)
trading volumes for October, while experiencing substantial growth in its Asian
operations, highlighting shifting market dynamics across regions.
Cboe FX Trading Volumes
Drop 7.4%, While Asian Markets Surge
Average
daily volume (ADV) in Cboe’s
global FX segment fell to $44.4 billion in October, marking a 7.4% decrease
from the $47.9 billion recorded in the same month last year. The decline was
even more pronounced when compared to September 2024, showing a 7.7%
month-over-month drop from $48.1 billion.
Year-to-date
results proved more favorable. ADV from January to October 2024 was $46.8
billion, up nearly 6% from $44.4 billion in the same period in 2023. It suggests the October decline may be a temporary deviation from the broader upward trend.
The
exchange operator's Asian operations emerged as a bright spot, with Japanese
equities trading volume surging 47% year-over-year to 288 billion yen.
Australian equities trading also showed resilience, climbing 8% to 777 million
AUD compared to October 2023.
Mixed Performance
Elsewhere
In Europe,
Cboe Clear Europe achieved notable milestones, processing 117.5 million client
trades in October—its highest monthly volume in 2024. The clearing house also
marked its entry into the German market, clearing its first trades on Deutsche
Börse.
The options
segment showed mixed performance, with multiply-listed options contracts
declining 3.9% year-over-year to 10.9 million contracts per day. Index options
volumes experienced a steeper decline of 12.3% compared to October 2023,
averaging 3.9 million contracts daily.
Futures
trading witnessed the most significant decline among all segments, with average
daily volume dropping 36% year-over-year to 187,000 contracts. U.S. equities
trading volumes also softened, with on-exchange matched shares decreasing 6.4%
compared to the previous year.
The
European equities business provided another positive highlight, with average
daily notional value rising 13.6% year-over-year to €10.5 billion. The
segment's Periodic Auctions service set a new record with €2.5 billion in
average daily notional value.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!