Cboe Global Markets Reports March 2019 Trading Volume

Cboe Global Markets Reports March 2019 Trading Volume

PR Newswire

CHICAGO, April 3, 2019

CHICAGO, April 3, 2019 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported March monthly trading volume.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of March and year-to-date trading statistics and market share by business segment, volume in select index products, and Revenue Per Contract (RPC), which is reported on a one-month lag, across business lines.   

MONTHLY TRADING VOLUME

Year-To-Date


March

March

%

February

%

March

March

%

2019

2018

Chg

2019

Chg

2019

2018

Chg

OPTIONS (contracts, thousands)

Year-To-Date

Trading Days

21

21


19


61

61


Total Volume 

148,748

171,642

-13.3%

127,817

16.4%

430,838

554,606

-22.3%

Total ADV 

7,083

8,173

-13.3%

6,727

5.3%

7,063

9,092

-22.3%

FUTURES (contracts, thousands)

Year-To-Date

Trading Days

21

21


19


61

61


Total Volume

5,338

5,910

-9.7%

3,825

39.6%

14,112

22,438

-37.1%

Total ADV 

254

281

-9.7%

201

26.3%

231

368

-37.1%

U.S. EQUITIES (shares, millions)

Year-To-Date

Trading Days

21

21


19


61

61


Total Volume

24,781

31,131

-20.4%

21,827

13.5%

73,516

90,150

-18.5%

Total ADV

1,180

1,482

-20.4%

1,149

2.7%

1,205

1,478

-18.5%

EUROPEAN EQUITIES (€ millions)

Year-To-Date

Trading Days

21

21


20


63

63


Total Notional Value

€ 191,498

€ 225,257

-15.0%

€ 188,787

1.4%

€ 580,817

€ 679,349

-14.5%

Total ADNV

€ 9,119

€ 10,727

-15.0%

€ 9,439

-3.4%

€ 9,219

€ 10,783

-14.5%

GLOBAL FX ($ millions)

Year-To-Date

Trading Days

21

22


20


63

64


Total Notional Value

$809,512

$838,366

-3.4%

$690,395

17.3%

$2,299,044

$2,660,141

-13.6%

Total ADNV

$38,548

$38,108

1.2%

$34,520

11.7%


$36,493


$41,565

-12.2%


ADV= average daily volume

ADNV= average daily notional value

FLexible EXchange® Options (FLEX Options) Trading Record Set in March 2019
For a second consecutive month, FLEX Options trading at Cboe Options Exchange set a new monthly record in March 2019 with more than 1.7 million contracts, surpassing February 2019's 1.1 million contracts traded. FLEX Options also set a new quarterly record during the first quarter of 2019, with a total of 3.5 million contracts traded.

FLEX Options, created by Cboe in 1993, offer investors the ability to customize a variety of contract terms. Cboe lists FLEX options on indexes, equities and exchange traded products (ETPs). For more information, visit www.cboe.com/products/flex-cflex.

First-Quarter 2019 Selected RPC Guidance
The company currently expects average revenue per contract (RPC) for total options for the first quarter of 2019 to be 1.0 percent to 2.0 percent lower than the amounts noted below for the two months ended February 28, 2019. RPC for index options for the first quarter is expected to be 0.5 percent to 1.0 percent lower than the two-month average noted below, reflecting a higher mix of VIX options contracts in March relative to the volume mix for the two months ended February 28, 2019. RPC for multiply-listed options for the first quarter is expected to be 4.0 percent to 5.0 percent lower than the two-month average due to a shift in mix of volume. The RPC for futures for the first quarter is expected to be in line with the two-month average noted below. These expectations are estimated, preliminary and may change. There can be no assurance that our final RPC for the three months ended March 31, 2019, will not differ materially from these expectations.

The following represents average RPC based on a two-month and a three-month rolling average, reported on a one-month lag. The average RPC represents total transaction fees for Cboe, C2, BZX, EDGX options exchanges and CFE recognized for the period divided by total contracts traded during the period. Average transaction fees per contract can be affected by various factors, including exchange fee rates, volume-based discounts and transaction mix by contract type and product type.

(In Dollars)

Two-Months Ended

Three-Months Ended

Product:

Feb-19

Feb-19

Jan-19

Dec-18

Nov-18

Multiply-Listed Options (Cboe, C2, BZX, EDGX)

$0.073

$0.076

$0.081

$0.083

$0.079

Index Options (Cboe and C2)

$0.739

$0.747

$0.748

$0.750

$0.740

     Total Options Average Revenue Per Contract

$0.245

$0.264

$0.272

$0.280

$0.265

Futures (CFE)

$1.745

$1.735

$1.726

$1.697

$1.712

About Cboe Global Markets, Inc.

Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience. 

Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility.

Cboe's trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe.  In addition, the company is one of the largest stock exchange operators in the U.S. and is a leading market globally for ETP trading.

The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador.  For more information, visit www.cboe.com.

Media Contacts


Analyst Contact






Suzanne Cosgrove

Angela Tu

Stacie Fleming


Debbie Koopman

+1-312-786-7123

+1-646-856-8734

+44-20-7012-8950


+1-312-786-7136

cosgrove@cboe.com

atu@cboe.com

sfleming@cboe.com


koopman@cboe.com








CBOE-V

Cboe®, Cboe Volatility Index®, FLEX®, FLexible EXchange®, and VIX® are registered trademarks and Cboe Global MarketsSM is a service mark of Cboe Exchange, Inc.  All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; potential difficulties in our migration of trading platforms and our ability to retain employees as a result of the acquisition; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indexes and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel, including those experienced with post-acquisition integration; our ability to accommodate trading volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2018 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

Logo - https://mma.prnewswire.com/media/622233/Cboe_Logo.jpg

Voltar noticias em Inglês