Cboe, TMX and ICE see surge in volumes
08 January 2019 Chicago
Image: Shutterstock
Chicago Board Options Exchange (Cboe) set new annual average daily volume (ADV) records, Montreal Exchange (MX) achieved three new monthly volume records in December, while Intercontinental Exchange (ICE) reported record futures and options volumes.
ADV across all four of Cboe Global Markets’ options exchanges combined reached a new all-time high in 2018 with 7.87 million contracts, up 13 percent from 2017.
According to the exchange, ADV in S&P 500 Index (SPX) options trading at Cboe also reached a new all-time high for the sixth consecutive year in 2018 with 1.48 million contracts, up 27 percent from 2017.
This included record ADV during global trading hours (GTH) of 10,371 contracts, doubling 2016’s 5,137 contracts, the previous high.
Overall, trading on Cboe Futures Exchange (CFE) set a new record in ADV with 300,036 contracts, up two percent from 2017.
The report also found that trading in the volatility index (VIX) futures at CFE set a new ADV record in 2018 for the fourteenth consecutive year with 294,914 contracts. This edged out 2017’s ADV of 294,259 contracts.
Cboe FX also highlighted a new all-time high in 2018 with average daily notional value of $37.4 billion, 24 percent higher than the previous record of $30.1 billion set in 2014.
Meanwhile, TMX Group Limited reported their trading statistics for its marketplaces and reported that THE daily average volume for 2018 was up 5.4 percent compared to the same period in 2017.
Additionally, highlights from ICE’s Q4 2018 report revealed that ADV was up year over year. Equity options ADV was up 44 percent year-over-year, while December ADV was up 46 percent year over year.
New York Stock Exchange cash equities ADV was up 45 percent year over year, and December ADV was up 59 percent year over year.
Commenting on ICE’s volumes, Ben Jackson, president of Intercontinental Exchange, said: “We are pleased to report another record year for ICE volumes in 2018.”
“Fourth quarter volumes were up 20 percent versus the prior year period, and open interest continues to build increasing 10 percent versus the fourth quarter of 2017.”
He added: “We saw new records across our commodity and financial markets reflecting how, in times of heightened volatility and uncertainty, market participants turn to our liquid and diverse markets to manage and hedge their risk.”
ADV across all four of Cboe Global Markets’ options exchanges combined reached a new all-time high in 2018 with 7.87 million contracts, up 13 percent from 2017.
According to the exchange, ADV in S&P 500 Index (SPX) options trading at Cboe also reached a new all-time high for the sixth consecutive year in 2018 with 1.48 million contracts, up 27 percent from 2017.
This included record ADV during global trading hours (GTH) of 10,371 contracts, doubling 2016’s 5,137 contracts, the previous high.
Overall, trading on Cboe Futures Exchange (CFE) set a new record in ADV with 300,036 contracts, up two percent from 2017.
The report also found that trading in the volatility index (VIX) futures at CFE set a new ADV record in 2018 for the fourteenth consecutive year with 294,914 contracts. This edged out 2017’s ADV of 294,259 contracts.
Cboe FX also highlighted a new all-time high in 2018 with average daily notional value of $37.4 billion, 24 percent higher than the previous record of $30.1 billion set in 2014.
Meanwhile, TMX Group Limited reported their trading statistics for its marketplaces and reported that THE daily average volume for 2018 was up 5.4 percent compared to the same period in 2017.
Additionally, highlights from ICE’s Q4 2018 report revealed that ADV was up year over year. Equity options ADV was up 44 percent year-over-year, while December ADV was up 46 percent year over year.
New York Stock Exchange cash equities ADV was up 45 percent year over year, and December ADV was up 59 percent year over year.
Commenting on ICE’s volumes, Ben Jackson, president of Intercontinental Exchange, said: “We are pleased to report another record year for ICE volumes in 2018.”
“Fourth quarter volumes were up 20 percent versus the prior year period, and open interest continues to build increasing 10 percent versus the fourth quarter of 2017.”
He added: “We saw new records across our commodity and financial markets reflecting how, in times of heightened volatility and uncertainty, market participants turn to our liquid and diverse markets to manage and hedge their risk.”
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