CHICAGO, April 3, 2019 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), one of the world's largest exchange
holding companies, today reported March monthly trading volume.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net
Revenue Capture Report" contains an overview of March and
year-to-date trading statistics and market share by business
segment, volume in select index products, and Revenue Per Contract
(RPC), which is reported on a one-month lag, across business
lines.
MONTHLY TRADING
VOLUME
|
Year-To-Date
|
|
March
|
March
|
%
|
February
|
%
|
March
|
March
|
%
|
2019
|
2018
|
Chg
|
2019
|
Chg
|
2019
|
2018
|
Chg
|
OPTIONS (contracts,
thousands)
|
Year-To-Date
|
Trading
Days
|
21
|
21
|
|
19
|
|
61
|
61
|
|
Total
Volume
|
148,748
|
171,642
|
-13.3%
|
127,817
|
16.4%
|
430,838
|
554,606
|
-22.3%
|
Total
ADV
|
7,083
|
8,173
|
-13.3%
|
6,727
|
5.3%
|
7,063
|
9,092
|
-22.3%
|
FUTURES (contracts,
thousands)
|
Year-To-Date
|
Trading
Days
|
21
|
21
|
|
19
|
|
61
|
61
|
|
Total
Volume
|
5,338
|
5,910
|
-9.7%
|
3,825
|
39.6%
|
14,112
|
22,438
|
-37.1%
|
Total
ADV
|
254
|
281
|
-9.7%
|
201
|
26.3%
|
231
|
368
|
-37.1%
|
U.S. EQUITIES
(shares, millions)
|
Year-To-Date
|
Trading
Days
|
21
|
21
|
|
19
|
|
61
|
61
|
|
Total
Volume
|
24,781
|
31,131
|
-20.4%
|
21,827
|
13.5%
|
73,516
|
90,150
|
-18.5%
|
Total ADV
|
1,180
|
1,482
|
-20.4%
|
1,149
|
2.7%
|
1,205
|
1,478
|
-18.5%
|
EUROPEAN EQUITIES (€
millions)
|
Year-To-Date
|
Trading
Days
|
21
|
21
|
|
20
|
|
63
|
63
|
|
Total Notional
Value
|
€ 191,498
|
€ 225,257
|
-15.0%
|
€ 188,787
|
1.4%
|
€ 580,817
|
€ 679,349
|
-14.5%
|
Total ADNV
|
€ 9,119
|
€ 10,727
|
-15.0%
|
€ 9,439
|
-3.4%
|
€ 9,219
|
€ 10,783
|
-14.5%
|
GLOBAL FX ($
millions)
|
Year-To-Date
|
Trading
Days
|
21
|
22
|
|
20
|
|
63
|
64
|
|
Total Notional
Value
|
$809,512
|
$838,366
|
-3.4%
|
$690,395
|
17.3%
|
$2,299,044
|
$2,660,141
|
-13.6%
|
Total ADNV
|
$38,548
|
$38,108
|
1.2%
|
$34,520
|
11.7%
|
|
$36,493
|
|
$41,565
|
-12.2%
|
|
ADV= average daily
volume
|
ADNV= average daily
notional value
|
FLexible EXchange® Options (FLEX
Options) Trading Record Set in March
2019
For a second consecutive month, FLEX Options
trading at Cboe Options Exchange set a new monthly record in
March 2019 with more than 1.7 million
contracts, surpassing February 2019's 1.1 million contracts traded.
FLEX Options also set a new quarterly record during the first
quarter of 2019, with a total of 3.5 million contracts traded.
FLEX Options, created by Cboe in 1993, offer investors the
ability to customize a variety of contract terms. Cboe lists FLEX
options on indexes, equities and exchange traded products (ETPs).
For more information, visit www.cboe.com/products/flex-cflex.
First-Quarter 2019 Selected RPC Guidance
The company
currently expects average revenue per contract (RPC) for total
options for the first quarter of 2019 to be 1.0 percent to 2.0
percent lower than the amounts noted below for the two months ended
February 28, 2019. RPC for index
options for the first quarter is expected to be 0.5 percent to 1.0
percent lower than the two-month average noted below, reflecting a
higher mix of VIX options contracts in March relative to the volume
mix for the two months ended February 28,
2019. RPC for multiply-listed options for the first quarter
is expected to be 4.0 percent to 5.0 percent lower than the
two-month average due to a shift in mix of volume. The RPC for
futures for the first quarter is expected to be in line with the
two-month average noted below. These expectations are estimated,
preliminary and may change. There can be no assurance that our
final RPC for the three months ended March
31, 2019, will not differ materially from these
expectations.
The following represents average RPC based on a two-month and a
three-month rolling average, reported on a one-month lag. The
average RPC represents total transaction fees for Cboe, C2, BZX,
EDGX options exchanges and CFE recognized for the period divided by
total contracts traded during the period. Average transaction fees
per contract can be affected by various factors, including exchange
fee rates, volume-based discounts and transaction mix by contract
type and product type.
(In
Dollars)
|
Two-Months
Ended
|
Three-Months
Ended
|
Product:
|
Feb-19
|
Feb-19
|
Jan-19
|
Dec-18
|
Nov-18
|
Multiply-Listed
Options (Cboe, C2, BZX, EDGX)
|
$0.073
|
$0.076
|
$0.081
|
$0.083
|
$0.079
|
Index Options (Cboe
and C2)
|
$0.739
|
$0.747
|
$0.748
|
$0.750
|
$0.740
|
Total Options Average
Revenue Per Contract
|
$0.245
|
$0.264
|
$0.272
|
$0.280
|
$0.265
|
Futures
(CFE)
|
$1.745
|
$1.735
|
$1.726
|
$1.697
|
$1.712
|
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world's
largest exchange holding companies, offering cutting-edge trading
and investment solutions to investors around the world. The company
is committed to relentless innovation, connecting global markets
with world-class technology, and providing seamless solutions that
enhance the customer experience.
Cboe offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and multi-asset volatility products based on
the Cboe Volatility Index (VIX Index), the world's barometer for
equity market volatility.
Cboe's trading venues include the largest options exchange in
the U.S. and the largest stock exchange by value traded in
Europe. In addition, the company is one of the largest stock
exchange operators in the U.S. and is a leading market globally for
ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New
York, London, San Francisco, Singapore, Hong
Kong and Quito,
Ecuador. For more information, visit www.cboe.com.
Media
Contacts
|
|
Analyst
Contact
|
|
|
|
|
|
Suzanne
Cosgrove
|
Angela
Tu
|
Stacie
Fleming
|
|
Debbie
Koopman
|
+1-312-786-7123
|
+1-646-856-8734
|
+44-20-7012-8950
|
|
+1-312-786-7136
|
cosgrove@cboe.com
|
atu@cboe.com
|
sfleming@cboe.com
|
|
koopman@cboe.com
|
|
|
|
|
|
|
|
CBOE-V
Cboe®, Cboe Volatility Index®, FLEX®, FLexible EXchange®, and
VIX® are registered trademarks and Cboe Global MarketsSM
is a service mark of Cboe Exchange, Inc. All other trademarks
and service marks are the property of their respective
owners.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve a number of risks and uncertainties. You can identify
these statements by forward-looking words such as "may," "might,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," and the negative of these
terms and other comparable terminology. All statements that reflect
our expectations, assumptions or projections about the future other
than statements of historical fact are forward-looking statements.
These forward-looking statements, which are subject to known and
unknown risks, uncertainties and assumptions about us, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current expectations and
projections about future events. There are important factors that
could cause our actual results, level of activity, performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements.
We operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ include:
the loss of our right to exclusively list and trade certain index
options and futures products; economic, political and market
conditions; compliance with legal and regulatory obligations; price
competition and consolidation in our industry; decreases in trading
volumes, market data fees or a shift in the mix of products traded
on our exchanges; legislative or regulatory changes; potential
difficulties in our migration of trading platforms and our ability
to retain employees as a result of the acquisition; our ability to
protect our systems and communication networks from security risks,
cybersecurity risks, insider threats and unauthorized disclosure of
confidential information; increasing competition by foreign and
domestic entities; our dependence on and exposure to risk from
third parties; fluctuations to currency exchange rates; our index
providers' ability to maintain the quality and integrity of their
indexes and to perform under our agreements; our ability to operate
our business without violating the intellectual property rights of
others and the costs associated with protecting our intellectual
property rights; our ability to attract and retain skilled
management and other personnel, including those experienced with
post-acquisition integration; our ability to accommodate trading
volume and transaction traffic, including significant increases,
without failure or degradation of performance of our systems;
misconduct by those who use our markets or our products; challenges
to our use of open source software code; our ability to meet our
compliance obligations, including managing potential conflicts
between our regulatory responsibilities and our for-profit status;
damage to our reputation; the ability of our compliance and risk
management methods to effectively monitor and manage our risks; our
ability to manage our growth and strategic acquisitions or
alliances effectively; restrictions imposed by our debt
obligations; our ability to maintain an investment grade credit
rating; impairment of our goodwill, investments or intangible
assets; and the accuracy of our estimates and expectations. More
detailed information about factors that may affect our actual
results to differ may be found in our filings with the SEC,
including in our Annual Report on Form 10-K for the year ended
December 31, 2018 and other filings
made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
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