Cboe Sees Record Surge for Options Volumes in 2020

Cboe Global Markets have posted the trading metrics for December for all its platforms, showing an overall positive trend across most markets.

FortuneZ have earlier reported on the FX figures of Cboe’s institutional spot exchange that saw a healthy uptick year-over-year on the trading volumes. The company has reported a similar trend for almost all of its markets, except for futures contracts.

Considering the options volume first, over 234 million contracts changed hands last month, a year-on-year increase of 55.3 percent on the total volumes and 48.3 percent on the average daily volumes (ADV).

The four options exchange of Cboe witnessed record volumes for the entire year as the total volume for 2020 surged by 38.6 percent compared to the previous year.

However, the futures demand went the other way. The volumes for last month dropped by 29.3 percent year-on-year and 3.9 percent month-on-month. Moreover, the full-year trading demand went down by 19.1 percent.

Additionally, Cboe is highly focused on equities. It expanded its offerings in this area by adding Canadian equities last year.

The four US equities exchanges managed by Cboe – BZX, BYX, EDGX and EDGA – have set a new record in the settlement volumes for last year with an average volume of 1.7 billion shares traded daily. The ADV for December was 47.4 percent higher when compared to the same time last year, but it was 8.2 percent lower than the previous month. However, the total US equities volume for December is a percent higher than November.

The demands for European equities were mixed with a 10.1 percent rise in year-on-year demand in December, but when considering the entire year, it dropped by 9.5 percent from 2019.

Meanwhile, Cboe recently completed its acquisition of dark-pool stock trading platform, BIDS Trading, the largest block-trading ATS by volume in the US. However, the financials of the deal were not disclosed.