Cboe Global Markets Reports Record Trading Volumes for December and Whole Year 2024

Cboe Global Markets Sets New Trading Volume Records

Cboe Global Markets, Inc., renowned as the leading derivatives and securities exchange network globally, recently disclosed its trading volume statistics for December and the entire year of 2024. The report has unveiled a remarkable surge in trading activities, showcasing the resilience and growth potential of the trading market despite prevailing economic uncertainties.

December 2024 Trading Statistics

In December 2024, Cboe recorded a significant increase in its trading volumes across various asset classes. The average daily trading volume (ADV) for multiply-listed options rose to 11,864 contracts, marking a 13.3% increase from the same month in the previous year. Index options and futures also experienced growth, with ADV hitting 4,014 and 213 contracts, respectively. The trading volume for U.S. equities, however, witnessed a slight decline.

Yearly Overview

The full year of 2024 was a milestone for Cboe, as their total volume for options trading reached an astounding 3.8 billion contracts. This achievement represents the fifth consecutive year of record-breaking trading volumes. Cboe’s proprietary index options products, particularly the SP 500 Index (SPX) options, played a crucial role in this success, with 784.2 million contracts traded throughout the year.

Highlights of Options Trading

Cboe’s offerings in the options segment included an impressive 1.03 billion contracts traded in their proprietary index options product suite, averaging 4.1 million contracts daily. Notably, 51% of SPX volume in the fourth quarter was attributed to zero days to expiry trading, setting a new quarterly record.

This upward trend in trading volume indicates a positive response from the market to Cboe’s innovative trading solutions as well as the overall market conditions. Global FX markets also marked a record with an average daily notional volume of $45.4 billion.

Looking Forward: RPC and Revenue Capture

In anticipation of future growth, Cboe provided preliminary guidance on revenue per contract (RPC) and net revenue capture metrics for the fourth quarter of 2024. The estimated RPC for multiply-listed options is projected at $0.065, a slight decrease from $0.067 in November. The projected RPC for index options is $0.905 based on existing trading patterns.

Conclusion

As Cboe Global Markets continues its remarkable trajectory, the year 2024 stands out not only for its trading volume records but also for the resilience it showcased amidst fluctuating market conditions. Their commitment to delivering cutting-edge trading solutions sets a strong foundation for future success, reinforcing their position as a cornerstone in the global trading landscape.

For more detailed information about their trading solutions and market performance, visit Cboe’s official website.