Cboe Global FX Volumes Slump in July, Options & Futures Rise

Cboe, , has published its trading volumes for the month of July. Despite an uptick in the number of futures and options contracts traded, fell by double digits.
For the month of July, the total notional value for global forex was $632.6 billion. When measuring this against the same month of the previous year, which reported a total notional value of $729.8 billion, last month’s figure has fallen by 13.3 per cent.

On a month-on-month comparison, July of 2019’s figure still doesn’t hold up, as had a total notional value of $661.6 billion for global FX. Therefore, last month’s figure is also down by 4.4 per cent month-on-month.
Year-to-date, the situation doesn’t look much better. For Global FX, the total notional value until the end of July was $5.05 trillion. Against the same time period in 2018, 2019’s value has dropped by 14.3 per cent.
Taking a look at the average daily notional value (ADNV) for Global FX, the picture is just as bleak. In July the total ADNV was $27.5 billion, which is 17.1 per cent lower year-on-year. It is also down 16.9 per cent against June of 2019.
Cboe sees uptick in futures and options trading
Despite Cboe reporting weak results for its Global FX business, trading volumes for options performed quite well during the month. For July, the total trading volume for options was 148,264,000 contracts.
This monthly trading volume has grown by 10.4 per cent from the 134,286,000 contracts traded during July of 2018. It is also higher by 4.4 per cent from the previous month’s trading volume of 141,989,000 contracts.
Moving on to futures, Cboe also managed to report solid trading volumes. In fact, the number of contracts traded increased by 11.8 per cent year-on-year and 25.6 per cent from the previous month.

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