CHICAGO, March 3, 2021 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), a market operator and global trading
solutions provider, today reported February monthly trading volume
statistics across its global business lines.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net
Revenue Capture Report" contains an overview of certain February
trading statistics and market share by business segment, volume in
select index products, and RPC/net
capture, which is reported on a one-month lag, across
business lines.
Trading Volume for
Current Month
|
Year-To-Date
|
|
February
|
February
|
%
|
January
|
%
|
|
|
%
|
2021
|
2020
|
Chg
|
2021
|
Chg
|
2021
|
2020
|
Chg
|
OPTIONS VOLUME
(contracts, thousands)
|
Year-To-Date
|
Trading
Days
|
19
|
19
|
|
19
|
|
38
|
40
|
|
Total
Volume
|
249,325
|
209,552
|
19.0%
|
257,900
|
-3.3%
|
507,225
|
401,970
|
26.2%
|
Total
ADV
|
13,122
|
11,029
|
19.0%
|
13,574
|
-3.3%
|
13,348
|
10,049
|
32.8%
|
FUTURES VOLUME
(contracts, thousands)
|
Year-To-Date
|
Trading
Days
|
19
|
19
|
|
19
|
|
38
|
40
|
|
Total
Volume
|
5,110
|
7,182
|
-28.9%
|
5,169
|
-1.1%
|
10,279
|
12,969
|
-20.7%
|
Total
ADV
|
269
|
378
|
-28.9%
|
272
|
-1.1%
|
271
|
324
|
-16.6%
|
U.S. EQUITIES –
EXCHANGE MATCHED VOLUME (shares, millions)
|
Year-To-Date
|
Trading
Days
|
19
|
19
|
|
19
|
|
38
|
40
|
|
Total
Volume
|
43,796
|
28,464
|
53.9%
|
43,351
|
1.0%
|
87,147
|
54,384
|
60.2%
|
Total ADV
|
2,305
|
1,498
|
53.9%
|
2,282
|
1.0%
|
2,293
|
1,360
|
68.7%
|
U.S. EQUITIES –
OFF-EXCHANGE MATCHED VOLUME (shares,
millions)1
|
Year-To-Date
|
Trading
Days
|
19
|
19
|
|
19
|
|
38
|
40
|
|
Total
Volume
|
1,892
|
N/A
|
|
2,119
|
-10.7%
|
4,011
|
N/A
|
|
Total ADV
|
100
|
N/A
|
|
112
|
-10.7%
|
106
|
N/A
|
|
CANADIAN EQUITIES
MATCHED VOLUME (shares, thousands)2
|
Year-To-Date
|
Trading
Days
|
19
|
N/A
|
|
20
|
|
39
|
N/A
|
|
Total
Volume
|
1,678,749
|
N/A
|
|
1,272,741
|
31.9%
|
2,951,490
|
N/A
|
|
Total ADV
|
88,355
|
N/A
|
|
63,637
|
38.8%
|
75,679
|
N/A
|
|
EUROPEAN EQUITIES
(€ millions)
|
Year-To-Date
|
Trading
Days
|
20
|
20
|
|
20
|
|
40
|
42
|
|
Total Notional
Value
|
€ 150,641
|
€ 173,999
|
-13.4%
|
€ 133,420
|
12.9%
|
€ 284,060
|
€ 322,824
|
-12.0%
|
Total ADNV
|
€ 7,532
|
€ 8,700
|
-13.4%
|
€ 6,671
|
12.9%
|
€ 7,102
|
€ 7,686
|
-7.6%
|
EUROCCP
(thousands)3
|
Year-To-Date
|
Cleared
Trades
|
93,040
|
N/A
|
N/A
|
88,241
|
5.4%
|
181,282
|
N/A
|
|
Net
Settlements
|
771
|
N/A
|
N/A
|
740
|
4.3%
|
1,511
|
N/A
|
|
GLOBAL FX ($
millions)4
|
Year-To-Date
|
Trading
Days
|
20
|
20
|
|
20
|
|
40
|
42
|
|
Total Notional
Value
|
$746,912
|
$825,067
|
-9.5%
|
$704,130
|
6.1%
|
$1,451,042
|
$1,564,087
|
-7.2%
|
Total ADNV
|
$37,346
|
$41,253
|
-9.5%
|
$35,207
|
6.1%
|
$36,276
|
$37,240
|
-2.6%
|
1U.S. Equities Off-Exchange data
reflects Cboe's acquisition of BIDS Trading effective on December
31, 2020.
|
2Canadian Equities data reflects
Cboe's acquisition of MATCHNow effective on August 4,
2020.
|
3EuroCCP data reflects Cboe's
acquisition of EuroCCP effective on July 1, 2020.
|
4Global FX metrics continue to
include Spot and as of January 2021 include SEF
products.
|
ADV= average daily
volume
|
ADNV= average daily
notional value
|
February 2021 Trading Volume
Highlights
Options Exchange Volume
- ADV on each of Cboe's four options exchanges increased over
February 2020:
-
- Cboe Options up 2 percent
- Cboe BZX up 39 percent
- Cboe EDGX up 58 percent
- Cboe C2 up 33 percent
- Cboe EDGX Options Exchange: Monthly ADV record of 1.59 million
contracts traded, surpassing the previous record of 1.50 million contracts traded in
January 2021.
Options Proprietary Product Volume
- MSCI® EAFE® Index (MXEA) options:
Single-day volume record on February
12 of 4,507 contracts traded, representing $997 million in notional value.
- S&P 500® ESG Index (SPESG) options: Single-day volume
record on February 9 of 10,007
contracts traded, representing $345
million in notional value.
Futures Proprietary Product Volume
- VIX futures (VX): ADV of 252,359 contracts, up nearly 2 percent
from January 2021.
- Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index
(IBIG) futures: Monthly ADV record of 715 contracts traded,
representing $105 million in average
daily notional value, up 65 percent from January 2021.
-
- IBIG futures also set a new single-day volume record on
February 22 with 2,200 contracts
traded, representing $321 million in
notional value.
North American Equities Volume and Market Share
- Cboe EDGX Equities Exchange: Monthly record of 24.10 billion shares traded, surpassing the
previous record of 22.96 billion shares traded in January 2021.
- Cboe EDGX Equities Exchange
accounted for approximately 8.7 percent of total market
share in continuous trading (excluding auctions) in February.
- MATCHNow's Conditional Order Book: Monthly ADV record of
733,096 shares traded.
-
- MATCHNow's Conditional Order Book also set a new single-day
volume record on February 8 with
2.41 million shares traded.
European Equities Trading Highlights
- Cboe LIS, Cboe Europe's block trading platform, set several
records during February:
-
- Highest daily value-traded: €779 million on February 23
- Largest single trade: €72.5 million on February 11
- Highest monthly market share: 25 percent of the LIS
market1
- On February 4, Cboe Europe
successfully re-introduced Swiss securities onto its UK order
books. Cboe's ADNV in Swiss shares for the days traded in February
was €398 million, making Cboe the second-largest venue for these
securities.
- Cboe Closing Cross (3C), Cboe Europe's post-close trading
service: Record monthly ADNV of €42 million, surpassing the
previous record of €37 million in January
2021.
Global FX Trading Volume
- Cboe SEF NDF trading: Single-day record on February 26 of $433
million notional traded, surpassing the previous single-day
record of $305 million.
- Global FX Spot Full Amount: Single-day record on February 26 of $17.6
billion traded, exceeding the previous record by
$100 million.
1Based on data published by big xyt, an independent data and
analytics firm.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading
and investment solutions to market participants around the world.
The company is committed to defining markets through product
innovation, leading edge technology and seamless trading
solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S., Canadian and European equities, exchange-traded products
(ETPs), global foreign exchange (FX) and volatility products based
on the Cboe Volatility Index (VIX Index), recognized as the world's
premier gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe, and owns EuroCCP, a
leading pan-European equities clearing house. Cboe also is a
leading market globally for ETP listings and
trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
|
|
Analyst
Contact
|
Angela
Tu
|
Tim
Cave
|
|
Debbie
Koopman
|
+1-646-856-8734
|
+44 (0)
7593-506-719
|
|
+1-312-786-7136
|
atu@cboe.com
|
tcave@cboe.com
|
|
dkoopman@cboe.com
|
CBOE-V
BZX®, Cboe®, Cboe Global Markets®, Cboe Volatility
Index®, CFE®, EDGX®, VIX®, and XSP are registered
trademarks and Cboe Futures ExchangeSM,
C2SM and Mini
VIXSM M are service marks of Cboe
Exchange, Inc. or its affiliates. S&P 500® and SPX® are
registered trademarks of Standard & Poor's Financial Services,
LLC and has been licensed for use by Cboe Exchange, Inc. All
other trademarks and service marks are the property of their
respective owners.
Any products that have the S&P Index or Indexes as their
underlying interest are not sponsored, endorsed, sold or promoted
by Standard & Poor's or Cboe and neither Standard & Poor's
nor Cboe make any representations or recommendations concerning the
advisability of investing in products that have S&P indexes as
their underlying interests. All other trademarks and service
marks are the property of their respective owners.
Cboe Global Markets, Inc. and its affiliates do not
recommend or make any representation as to possible benefits from
any securities, futures or investments, or third-party products or
services. Cboe Global Markets, Inc. is not affiliated with MSCI,
S&P, Russell, iShares® or IHS Markit. Investors
should undertake their own due diligence regarding their
securities, futures, and investment practices. This press
release speaks only as of this date. Cboe Global Markets, Inc.
disclaims any duty to update the information herein.
Nothing in this announcement should be considered a
solicitation to buy or an offer to sell any securities or futures
in any jurisdiction where the offer or solicitation would be
unlawful under the laws of such jurisdiction. Nothing
contained in this communication constitutes tax, legal or
investment advice. Investors must consult their tax adviser
or legal counsel for advice and information concerning their
particular situation.
Cboe Global Markets, Inc. and its
affiliates make no warranty, expressed
or implied, including, without
limitation, any warranties as of
merchantability, fitness for a particular
purpose, accuracy, completeness or
timeliness, the results to be
obtained by recipients of the
products and services described herein, or
as to the ability of the indices referenced in this press release
to track the performance of their respective securities, generally,
or the performance of the indices referenced in this press release
or any subset of their respective securities, and shall not in any
way be liable for any inaccuracies, errors. Cboe Global
Markets, Inc. and its affiliates have not calculated,
composed or determined the constituents or weightings of the
securities that comprise the indices referenced in this press
release and shall not in any way be liable for any inaccuracies,
errors.
Futures trading is not suitable for all investors and
involves the risk of loss. That risk of loss can be substantial and
can exceed the amount of money deposited for a futures position.
You should, therefore, carefully consider whether futures trading
is suitable for you in light of your circumstances and financial
resources. You should put at risk only funds that you can afford to
lose without affecting your lifestyle. For additional information
regarding futures trading risks, see the Risk Disclosure
Statement set forth in Appendix A to CFTC Regulation
1.55(c) and the Risk Disclosure Statement for Security
Futures Contracts.
The iBoxx® iShares® $ High Yield Corporate Bond Index and the
iBoxx® iShares® $ Investment Grade Corporate Bond Index (the
"Indexes") referenced herein are the property of Markit Indices
Limited ("Index Sponsor") and have been licensed for use in
connection with Cboe® iBoxx® iShares® $ High Yield Corporate Bond
Index Futures and Cboe® iBoxx® iShares® $ Investment Grade
Corporate Bond Index Futures. Each party to a Cboe® iBoxx® iShares®
$ High Yield Corporate Bond Index Futures or Cboe® iBoxx® iShares®
$ Investment Grade Corporate Bond Index Futures transaction
acknowledges and agrees that the transaction is not sponsored,
endorsed or promoted by the Index Sponsor. The Index Sponsor makes
no representation whatsoever, whether express or implied, and
hereby expressly disclaims all warranties (including, without
limitation, those of merchantability or fitness for a particular
purpose or use), with respect to the Indexes or any data included
therein or relating thereto, and in particular disclaims any
warranty either as to the quality, accuracy and/or completeness of
the Indexes or any data included therein, the results obtained from
the use of the Indexes and/or the composition of the Indexes at any
particular time on any particular date or otherwise and/or the
creditworthiness of any entity, or the likelihood of the occurrence
of a credit event or similar event (however defined) with respect
to an obligation, in the Indexes at any particular time on any
particular date or otherwise. The Index Sponsor shall not be liable
(whether in negligence or otherwise) to the parties or any other
person for any error in the Indexes, and the Index Sponsor is under
no obligation to advise the parties or any person of any error
therein.
The Index Sponsor makes no representation whatsoever, whether
express or implied, as to the advisability of purchasing or selling
Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures and
Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index
Futures, the ability of the Indexes to track relevant markets'
performances, or otherwise relating to the Indexes or any
transaction or product with respect thereto, or of assuming any
risks in connection therewith. The Index Sponsor has no obligation
to take the needs of any party into consideration in determining,
composing or calculating the Indexes. No party purchasing or
selling Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index
Futures or Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond
Index Futures, nor the Index Sponsor, shall have any liability to
any party for any act or failure to act by the Index Sponsor in
connection with the determination, adjustment, calculation or
maintenance of the Indexes. iBoxx® is a service mark of IHS Markit
Limited.
The iBoxx® iShares® $ High Yield Corporate Bond Index and the
iBoxx® iShares® $ Investment Grade Corporate Bond Index (the
"Indexes") and futures contracts on the Indexes ("Contracts") are
not sponsored by, or sold by BlackRock, Inc. or any of its
affiliates (collectively, " BlackRock"). BlackRock makes no
representation or warranty, express or implied to any person
regarding the advisability of investing in securities, generally,
or in the Contracts in particular. Nor does BlackRock make any
representation or warranty as to the ability of the Index to track
the performance of the fixed income securities market, generally,
or the performance of HYG, LQD or any subset of fixed income
securities.
BlackRock has not calculated, composed or determined the
constituents or weightings of the fixed income securities that
comprise the Indexes ("Underlying Data"). BlackRock is not
responsible for and has not participated in the determination of
the prices and amounts of the Contracts, or the timing of the
issuance or sale of such Contracts or in the determination or
calculation of the equation by which the Contracts are to be
converted into cash (if applicable). BlackRock has no obligation or
liability in connection with the administration or trading of the
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completeness of the Underlying Data and any data included therein
and BlackRock shall have no liability for any errors, omissions or
interruptions related thereto.
BlackRock makes no warranty, express or implied, as to
results to be obtained by Markit or its affiliates, the parties to
the Contracts or any other person with respect to the use of the
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express or implied warranties and expressly disclaims all
warranties of merchantability or fitness for a particular purpose
or use with respect to the Underlying Data or any data included
therein. Without limiting any of the foregoing, in no event shall
BlackRock have any liability for any special, punitive, direct,
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resulting from the use of the Underlying Data or any data included
therein, even if notified of the possibility of such
damages.
iShares® is a registered trademark of BlackRock Fund Advisors
and its affiliates.
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SOURCE Cboe Global Markets, Inc.