Cboe Starts Q2 with Mixed Trading Volumes, FX Stagnates MoM

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported ‎its trading volumes for the month ending April 2018, which saw a ‎positive performance in key segments though FX turnover was mixed, ‎according to a company statement.‎

During April 2018, Cboe disclosed a total trading volume for options contracts at 158,305 million, up 16 percent year-on-year from 136,643 million contracts back in April 2017. This corresponded to an average daily volume (ADV) of 7.5 million contracts per day, which was also higher year-on-year from 4.8 million contracts per day in the same month a year earlier.

However, the figures illustrated a different pattern at the Cboe over a monthly interval, which in terms of total ADV volumes during April 2018 marked a drop of -7.8 percent month-on-month from 8.17 million contracts in March 2018.

Across its futures business, Cboe Global’s total volumes came in at 5.5 million contracts in April 2018, shedding by -4.2 percent over a yearly basis from 5.7 million contracts a year back. The figure also marks a fall by -7.2 percent month-on-month when compared with 5.9 million in March 2018. The exchange yielded an average daily volume (ADV) of 261,000 contracts per day, which was lower by nearly -13.4 percent from 301,000 contracts in the previous year.

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $36.3 billion in April 2018, up 31.2 percent year-over-year from $27.7 billion in April 2017. In a similar pattern, the figure was lower by -4.7 percent on a month-over-month basis when weighed against $38.1 billion in March 2018.

Looking at its total volumes, Cboe FX inked a figure of $762.9 billion for April 2018, up 37 percent on a year-over-year basis from $554 billion in April 2018‎. These figures also showed a notable drop on month-over-month, with April’s turnover falling -9.0 percent from $838.3 billion the previous month.

As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E’, following its acquisition of Bats Global Markets, the exchange’s institutional FX trading venue Hotspot has become Cboe FX.