Cboe FX Reveals Mixed Trading Volumes for November 2018

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

During November 2018, Cboe disclosed a total trading volume for options contracts at 162 million, up 4.4 percent year-on-year from 155 million contracts back in November 2017. This corresponded to an average daily volume (ADV) of 7.7 million contracts per day, which was higher four percent year-on-year from 7.3 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 November 2018 marked a drop of 18 percent month-on-month from 9.3 million contracts in October 2018.

Across its futures business, Cboe Global’s total volumes came in at 5.7 million contracts in November 2018, decreasing by -41 percent over a yearly basis from 9.7 million contracts a year back. The figure also marks a drop by -10 percent month-on-month when compared with 6.33 million in October 2018. The exchange yielded an average daily volume (ADV) of 271,000 contracts per day, which was lower by nearly -35 percent from 422,000 contracts in the previous month.

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Foreign exchange metrics

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $34.9 billion in November 2018, down -4.7 percent month-over-month from $35.6 billion in October 2018.

Looking at its total volumes, Cboe FX inked a figure of  $767 billion in November 2018, down -9 percent on a month-over-month basis from ‎$841 ‎billion in October 2018‎. In a different pattern, the figure was even higher by 2.6 percent year-over-year when weighed against $747 billion in November 2017.

November had been a less active month compared to October, but overall volatility is still benefiting from rising geopolitical tensions, concerns about US-led trade wars with several countries, and the prospect a global economic growth boom nearing its peak. Key currency pairs have departed its wait-and-see mode seen in July and October where they were stuck in narrow price ranges.

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