Cboe Global Markets Reports Upswing in Global FX ADV for March 2024

Cboe Global Markets, Inc. (Cboe), a leading provider of global market infrastructure and tradable products, released its updated trading volume statistics across its global business line for March 2024, indicating a rebound in its global average daily trading volume (ADV) for the global FX market, breaking the previous consecutive downward trend.

Trading Overview for March 2024

• Global FX ADV for the month totaled $47.35 billion, 4.5% lower than $49.56 billion in March 2023 and 8.5% higher than $43.63 billion in February 2024.

• ADV of options totaled 14.63 million contracts during the period, a slight decrease compared to 14.66 million contracts in the year-ago month and a decrease of 3.8% compared to 15.20 million contracts in the prior month. Among them, multiply-listed options accounted for 10.57 million contracts, down 2.1% on a year-on-year basis (YoY) and down 4.9% on a month-on-month basis (MoM). Index options accounted for 4.06 million contracts, up 4.9% YoY and down 0.8% MoM.

• Futures ADV amounted to 217.1 thousand (k) contracts for the month, decreasing 19.2% compared to 269k contracts in March 2023, but increasing 1.8% compared to 213k contracts in February 2024.

• In March 2024, European equities ADV dropped 16.7% YoY from €12.30 billion to €10.25 billion, rising 1.5% compared to €10.09 billion in the prior month.

• Australian equities ADV was AUD 814 million for the month, up 1.2% compared to AUD 805 million in March 2023 and up 0.6% compared to AUD 809 million in February 2024.

• Japanese equities ADV surged 89.3% YoY from JPY 189 billion to JPY 357 billion, an increase of 13.2% compared to JPY 316 billion in the previous month.