The Chicago Board Options Exchange Holdings (CBOE, NASDAQ: CBOE), one of the largest operators of the US equity options market, has reported its trading volumes for the month ending July 2016, which was underpinned by a pullback MoM after last month’s strong performance, according to a CBOE statement.
The latest figures follow last month’s staunch rise in trading volumes – the run up to the Brexit referendum in the UK and the subsequent aftermath presented an enormous swath of volatility that has since abated as a summer lull has set in. During July 2016, CBOE Holdings reported a total trading volume for options contracts on Chicago Board Options Exchange, C2 Options Exchange, and futures contracts on CBOE Futures Exchange of 94.4 million, falling -11.5% MoM from 106.5 million contracts in June 2016.
The exchange also yielded an average daily volume (ADV) of 4.7 million contracts per day, which was lower by a factor of -9.6% MoM from 5.2 million contracts per day in June 2016. Across a yearly timetable, CBOE’s total volumes also dwindled by a smaller margin of -2.0% YoY from July 2015. July 2016 had a total of 20 trading days compared to 22 in June 2015.
Across its options business, CBOE’s ADV was reported at 4.5 million contracts in July 2016, lower by approximately -7.0% MoM from 4.9 million contracts set back in June 2016, as well as a -2.0% YoY slide from 4.6 million contracts in July 2015.
C2 Option Exchange
Taking a look at C2 Option Exchange’s volumes, July 2016 trading volume was also pointed lower, coming in at just 6.6 million contracts, falling MoM by roughly -4.3% from 6.9 million contracts in June 2016. When measured against its 2015 equivalent however, the latest numbers were more magnified, incurring a -13.0% YoY decline from 7.6 million contracts in July 2015. Finally, ADV was reported at 329,900 contracts in July 2016, a growth of 4.6% MoM from 314,600 contracts in June 2016.