Cboe announces volumes for August, presents mixed picture

Karthik Subramanian

Cboe Global Inc. has announced the trading volume statistics across all its product lines for August and it shows a mixed picture when compared to the same period last year showing that the enthusiasm for trading on its products continues to remain strong.

The July trading volumes had shown some strong trading volumes as the investors and traders strongly returned to the markets after the pandemic. Index options were most in demand in July and the same story has been repeated in August well as the index options volume showed a 28.4% increase when compared to the same month last year. But as we have always been mentioning when covering trade volumes for this year, any comparisons to last year has to be taken with a pinch of salt as the whole world was under a pandemic for most of last year and there was fear in the markets with many retail traders choosing to pay off the markets at that time.

It is expected that the traders would be returning to the markets around this time of the year and hence the pick up in trading volumes is something that is to be expected. The largest drop in volume was in the Canadian equities which showed a 10.2% drop in volume when compared to the same month last year but overall, the year-to-date volumes continue to exceed last year by a healthy 31.6% which shows that the demand for Canadian equities this year has been pretty strong so far.

The other highlights include a 30.6% market share for Cboe’s block trading platform in Europe called Cboe LIS. The Global FX trading volumes have not shown much change when compared to the same month last year with a rise of only 2.2% and the year-to-date volumes also remain lesser by 4.5% as compared to last year. This shows that the interest in trading FX continues to remain dull as the volatility in the FX markets has remained low and traders, especially the retail traders are looking to trade more volatile instruments like cryptos and this seems to be affecting the FX trading volumes ever since the start of this year. We believe that this trend will continue for the rest of the year as the crypto prices are expected to remain buoyant in the coming months which will keep the traders hooked.

Read this next


Groundbreaking Innovations in BlockDAG’s Keynote 2 Drive Over 1120% Increase; Toncoin & Celestia Prices Rise

Explore BlockDAG’s Keynote 2, detailing the cutting-edge technical advancements that led to a significant presale boom. Discover how these innovations have driven BlockDAG’s success, and get the latest updates on Celestia and Toncoin prices.


BlockDAG X1 Beta App Pioneers in Crypto Mining Amidst Ethereum vs Solana Rivalry and XRP Price Increase

Dive into the details of BlockDAG’s X1 beta app’s global tech presence in Shibuya, Las Vegas, and Piccadilly Circus and its pre-sale triumph during a spike in Ethereum, Solana, and XRP values.


BlockDAG Hits $50.4M with Active Dev Release & Community Engagement; Binance Coin Price Drops and JasmyCoin Rallies

Explore how BlockDAG bolsters its reputation through a steady stream of Development releases. Get insights on Binance Coin price trends and the recent Jasmy Coin rally.

Crypto Insider

5 Upcoming Crypto for 10x Gains: How $1000 Can Become $10,000

Consider a situation where a $1000 investment may grow to a whopping $10,000. Astute Bitcoin investors have experienced this as a reality rather than a fantasy.

Retail FX

Weekly Roundup: eToro links up with Elon Musk, US crackdown on Russian FX

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.


Must-Watch Top 5 Crypto Picks for Q2 2024 Featuring BlockDAG, Toncoin, Solana and More

Dive into BlockDAG’s meteoric rise and explore other promising altcoins like Pepe, Toncoin, Solana, and Render for superior returns.

Retail FX

Clone of Admiral Markets draws FCA attention

The United Kingdom’s financial markets watchdog today unmasked another fraudulent entity, this time bringing to light a clone firm that has been posing as FCA-‎authorised brand, Admiral Markets UK Ltd.

Digital Assets

Gemini Earn users to recover $2.18 billion in crypto payouts

Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General (NYAG), announced on Friday.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: British Pound (GBP) Weakness, US Inflation, Euro, USD June 14 ,2024

British Pound weakens due to lower inflation expectations, potential policy changes from Reform Party, and broader economic concerns.