Cboe Global
Markets, Inc. (BATS:CBOE),
a major global market infrastructure and tradable products provider, has
announced its March monthly trading volume statistics across various business
lines. Cboe FX was able to set new volume records in the first quarter of 2023,
including spot FX average daily volume (ADV) of $43.9 billion.
Cboe Reports Higher Statistics
in March 2023
Cboe’s four
options exchanges achieved a new monthly high of 337.2 million contracts in
March and set a new daily high of 22.5 million contracts on 10 March 2023.
S&P 500 Index options experienced multiple new volume records for the month
and quarter, including a new quarterly ADV record of 2.8 million contracts and a
new monthly total volume record of 66.1 million contracts. Nanos options
reached their highest monthly ADV, with 4,100 contracts traded per day in
March.
In the
meantime, the Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts
in last month, surpassing the previous record of 3,824 contracts in January
2023. Cboe Clear Europe, the company’s pan-European clearing house , cleared a
record eight million trades on Euronext’s stock exchanges in Amsterdam,
Brussels, Paris, Lisbon, and Milan under the preferred clearing model.
Average Daily Trading Volume (ADV) by Month. Source: Cboe
Cboe FX Sets Multiple
Volume Records
Cboe FX, Cboe’s
institutional venue for spot foreign exchange trading, achieved multiple volume
records for the previous quarter, including spot FX quarterly ADV of $43.9
billion, spot full amount quarterly ADV of $13.9 billion, and Non-Deliverable
Forwards (NDF) quarterly ADV of $1.1 billion.
The performance
turned out to be better on a monthly basis and on a quarterly basis. Compared
to March 2022, ADV for FX grew by 9.1%, and compared to last month by 15.3%.
Looking at the quarter as a whole, Q1 2023 was 7.2 better than Q1 2022.
A week ago,
Cboe FX reported that it ended the month with $1.1 trillion in total forex
trading volume, the platform’s second-best monthly figure. The March figure
trails only Cboe’s previously reported all-time high of $1.2 trillion in March
2020, when market activities surged due to COVID-induced volatility . This
latest figure marks the fourth time in Cboe FX’s operational history that total
market volume has exceeded the $1 trillion milestone.
Cboe Sees Uptick in FX
Revenue
According
to Cboe’s latest financial metrics, the global FX brought in $16.9 million of $457.1 million in net revenue in the fourth quarter of 2022. The
figure for the entire year came in at $1.7 billion, which is an increase of 18%.
Furthermore,
Cboe FX’s market share rose to 18.4 percent in the final quarter of 2022, up
from 16.8 percent during the same period in the previous year. The company
attributes this growth to the ongoing adoption of its wide range of FX order
types and trading protocols.
Two weeks
ago, Cboe Australia confirmed that operations under Cboe BIDS Australia (BIDS)
would go live on 27 March 2023 after meeting final regulatory as well as other
requirements. In the meantime, the company has launched a Cboe One Options Feed,
a single market data feed, providing a comprehensive and real-time view of
options pricing.
FCA
Stops WealthTek and RoboForex Increases Partner Commissions. Read
today’s news nuggets!
Cboe Global
Markets, Inc. (BATS:CBOE),
a major global market infrastructure and tradable products provider, has
announced its March monthly trading volume statistics across various business
lines. Cboe FX was able to set new volume records in the first quarter of 2023,
including spot FX average daily volume (ADV) of $43.9 billion.
Cboe Reports Higher Statistics
in March 2023
Cboe’s four
options exchanges achieved a new monthly high of 337.2 million contracts in
March and set a new daily high of 22.5 million contracts on 10 March 2023.
S&P 500 Index options experienced multiple new volume records for the month
and quarter, including a new quarterly ADV record of 2.8 million contracts and a
new monthly total volume record of 66.1 million contracts. Nanos options
reached their highest monthly ADV, with 4,100 contracts traded per day in
March.
In the
meantime, the Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts
in last month, surpassing the previous record of 3,824 contracts in January
2023. Cboe Clear Europe, the company’s pan-European clearing house , cleared a
record eight million trades on Euronext’s stock exchanges in Amsterdam,
Brussels, Paris, Lisbon, and Milan under the preferred clearing model.
Average Daily Trading Volume (ADV) by Month. Source: Cboe
Cboe FX Sets Multiple
Volume Records
Cboe FX, Cboe’s
institutional venue for spot foreign exchange trading, achieved multiple volume
records for the previous quarter, including spot FX quarterly ADV of $43.9
billion, spot full amount quarterly ADV of $13.9 billion, and Non-Deliverable
Forwards (NDF) quarterly ADV of $1.1 billion.
The performance
turned out to be better on a monthly basis and on a quarterly basis. Compared
to March 2022, ADV for FX grew by 9.1%, and compared to last month by 15.3%.
Looking at the quarter as a whole, Q1 2023 was 7.2 better than Q1 2022.
A week ago,
Cboe FX reported that it ended the month with $1.1 trillion in total forex
trading volume, the platform’s second-best monthly figure. The March figure
trails only Cboe’s previously reported all-time high of $1.2 trillion in March
2020, when market activities surged due to COVID-induced volatility . This
latest figure marks the fourth time in Cboe FX’s operational history that total
market volume has exceeded the $1 trillion milestone.
Cboe Sees Uptick in FX
Revenue
According
to Cboe’s latest financial metrics, the global FX brought in $16.9 million of $457.1 million in net revenue in the fourth quarter of 2022. The
figure for the entire year came in at $1.7 billion, which is an increase of 18%.
Furthermore,
Cboe FX’s market share rose to 18.4 percent in the final quarter of 2022, up
from 16.8 percent during the same period in the previous year. The company
attributes this growth to the ongoing adoption of its wide range of FX order
types and trading protocols.
Two weeks
ago, Cboe Australia confirmed that operations under Cboe BIDS Australia (BIDS)
would go live on 27 March 2023 after meeting final regulatory as well as other
requirements. In the meantime, the company has launched a Cboe One Options Feed,
a single market data feed, providing a comprehensive and real-time view of
options pricing.
FCA
Stops WealthTek and RoboForex Increases Partner Commissions. Read
today’s news nuggets!
Read More
Damian Chmiel