Cboe Reports July Trading Volumes, Index Options Shine

Karthik Subramanian

Cboe Global Markets released its trading volume data for July 2021, which shows strong volumes in most of the segments with the Index Options leading the way with the highest Average Daily Volume for the year in July.


Recently, Cboe had reported its Q2 results which showed that it had built up some very strong revenue when compared to the previous year due to higher volatility but with lower profitability. Going by the newly reported numbers for July, it could end up having a strong Q3 as well.

The average daily volume (ADV) for the Index Options for July 2021 came in at more than 1.9 million contracts which showed a mammoth 45% increase when compared to the same month last year and an 8% increase when compared to the previous month of June 2021. The massive increase, when compared to last year, is no big surprise as the world was in the middle of a pandemic around this time last year and hence the trading volumes were naturally low during the second and third quarters of last year. But what should be encouraging is the fact that the trading volumes are returning to normal as the pandemic slowly recedes across the world.

Another surprise to come through the report was the big drop in the ADV of Canadian equities which showed an 18% drop in July when compared to June 2021. The reasons for the same are not very clear but it could be that the investors and traders are looking out for other instruments and avenues for trading but this segment would be closely watched in the coming months to see whether this is a one-off or whether it is going to be a trend in the coming months.

Almost all segments have shown a big increase in their ADV when compared to the same month last year but for reasons mentioned above, the volumes from last year cannot be taken as a good comparison for judging the increase or the decrease in ADV. Cboe is expected to continue to show strong volumes when compared to last year but the advent of newer avenues for investment and trading is likely to be a slight dampener along with the increasing costs which cut down on the profits made. It is these numbers that are likely to be closely watched.


Read this next

Metaverse Gaming NFT

Nas Academy and Invisible College introduce innovative model for Web3 education

Singapore-based online learning platform, Nas Academy is joining forces with Invisible College to teach people everything they need to know about the Web3.

Digital Assets

Top exec at BitMEX pled guilty US Bank Act violations, pays $150K fine

BitMEX’s head of business development, Gregory Dwyer pled guilty to violating the US Bank Secrecy Act (BSA) and allowing customers to use the platform to circumvent the federal anti-money laundering rules.

Retail FX

CySEC slaps €150,000 fine on FXBFI, operator of 101investing brand

The Cyprus Securities and Exchange Commission (CySEC) today announced that it has reached a settlement with FXBFI Broker Financial Invest Ltd, trading as 101investing, ordering the firm to pay €150,000 for violating the Investment Services and Activities and Regulated Markets Law.

Retail FX

X Open Hub expands multi-asset offering with new cryptocurrencies and indices

X Open Hub, a multi-asset liquidity provider, announced today that it has extended its offering with inclusion of 30 new cryptocurrencies and two emerging market indices.

Retail FX

Interactive Brokers now offers 24/7 access to crypto trading

Interactive Brokers Group, Inc. (NASDAQ: IBKR) has widened access to cryptocurrency trading for its clients. Specifically, the discount broker extended trading hours for its cryptocurrency products to be traded 24/7, including on the weekends.

Inside View

Natural Language Generation for Multi-Language Social Media Strategies 

Natural Language Generation (NLG) is a crucial growth area in the digital landscape, with the unique potential to be used across multiple industries.

Market News, Technology

The B2Core Android App is Now Available For Download

The first version of the B2Core Android app is available for download, and it has many beneficial features for users.

Digital Assets

XBO taps custodian Fireblocks ahead of crypto exchange’s launch

XBO.com has integrated with digital asset and crypto technology platform Fireblocks ahead of the crypto exchange’s upcoming launch.

Industry News

Appital raises another £1.7m after integrating with FactSet, FlexTrade, and TS Imagine

“Appital has a proven track record in securing partnerships with major EMS providers, executing brokers and a trading venue to address the lack of efficiency and control over existing bookbuilding and deal distribution processes.”