Cboe Reports Mixed Trading Volumes for May 2020

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has reported its trading statistics for May 2020, which notched a healthy gain in both its options and US equities volumes, despite seeing a wavering performance across FX and futures business.

During May 2020, Cboe disclosed a total trading volume for options contracts at 191 million. Year-over-year, this was good for a rise of seven percent from 178 million back in May 2019. However, this figure was down five percent from 201 million contracts in the previous month.

This corresponded to an average daily volume (ADV) of 9.57 million contracts per day, which was almost unchanged from the month prior but was up by 18 percent year-on-year from 8.11 million contracts per day in the same month a year earlier.

Across its futures business, Cboe Global’s total volumes came in at 2.67 million contracts in May 2020, down by 64 percent over a yearly basis from 7.15 million contracts a year back. The figure however marks a decent rise of 14 percent month-on-month when compared with 2.34 million in April 2020. The exchange yielded an average daily volume (ADV) of 134,000 contracts per day, which was lower by two thirds from 342,000 contracts in the previous year.

Cboe to Open Chicago outcry trading floor

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $31.36 billion in May 2020, up seven percent month-over-month from $29.2 billion in April 2020.

On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by six percent when weighed against $33.0 billion a year earlier.‎

Looking at its total volumes, Cboe FX inked a figure of $658 billion, up 2.3 percent on a month-over-month basis from $643 ‎trillion in April 2020‎. This figure was even lower by 13 percent year-over-year when weighed against $760 billion in May 2019.

Cboe FX turnover crossed the $1 trillion milestone in March amid coronavirus-driven volatility that has shaken awake previously slumbering FX markets.

Cboe is set to reopen its options trading floor on June 8, more than two months after it moved all operations to the digital sphere when the coronavirus pandemic sent all US exchanges into lockdown.

But as new social distance rules come into effect, the exchange said the C1 floor reopening plan is designed to accommodate open outcry trading activity, “while prioritizing the safety and well-being of the trading floor community.”

(Photo: pxfuel)

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