Cboe FX Sees Spike In Average Trading Volumes Last Month

September 9, 2019
Cboe FX Sees Spike In Average Trading Volumes Last Month September 9, 2019 Emma Rodgers

Cboe Global Markets, Inc. is one of the biggest names in the market it comes general trading. The company offers a wide range of products and services when it comes to trades.

This is not surprising considering the company runs the Chicago Board of Exchange. Cboe recently reported that it had witnessed a surge in trading volumes for the month of August across multiple verticals.

The company released a report which showed that the total trading volume for options contracts stood at 186 million for August. This is an improvement of 19 percent from last year, which brought in 156 million contracts.

Breaking this down further, the month of August saw an average daily volume (ADV) of 8.45 million contracts per day. This is another improvement from the 6.81 million contracts per day during the same period in 2018 which is a 24 percent increase.

Overall, August options performance was pretty impressive and an improvement from July. In terms of total ADV, there was a 25 percent increase from the 6.73 million contracts in July 2019.

Moving on to its futures trading, Cboe Global’s total volumes were at 7.93 million contracts in August 2019. This is a 36 percent increase when compared to August 2018. When you compare it to July 2019, which had 5.19 million contracts, you will find that it is a 53 percent jump. For futures, the ADV reached 361,000 contracts per day. This is a 42 percent improvement from last month’s 253,000 contracts.

Forex Continues the Trend

The improvement in performance can also be seen in Cboe’s forex trading. The ADV for forex is at $33.92 billion in August 2019. This is an increase of 20 percent from last month’s $27.5 billion. This may sound good but it is actually a downgrade from $34.8 billion from August 2018, though the figure is close.

Cboe’s total volumes for the month of August is at $728 billion. This is a 15 percent increase from July’s ‎$632 ‎billion. Similar to the ADV, the amount is actually lower by nine percent from last year’s performance, which weighed in at $802 billion.

In total, August has been a very active month for all forms of trading. Volatility is also at increased highs, thanks to the political tensions that have rocked the globe. This is primarily because of the US-led trade wars with several countries. It does not help that forecasts for an economic slowdown are still very much in the picture!


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