Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has reported its trading statistics for August 2020, which saw a wavering performance across FX business.
Cboe’s institutional spot FX platform disclosed a total trading volume for FX contracts at $603 billion, down 13 percent on a month-over-month basis from $690 billion in July 2020. This figure was even lower by 17.3 percent year-over-year when weighed against $728 billion in August 2019.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $28.7 billion in August 2020, down 4 percent month-over-month from $30 billion in July 2020.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by 13 percent when weighed against $33 billion a year earlier.
Cboe FX turnover crossed the $1 trillion milestones in March amid coronavirus-driven volatility that has shaken awake previously slumbering FX markets.