Cboe Global Markets Sees Multiple Trading Volume Records for March and Q1 2023

Cboe Global Markets, Inc. (Cboe), a leading provider of global market infrastructure and tradable products, reported March monthly trading volume statistics across its global business lines, showing multiple volume records for the month and Q1 2023.

March and First Quarter 2023 Trading Volume Highlights

U.S. Options

• Total volume across Cboe's four options exchanges reached a new monthly high of 337.2 million contracts in March, and a new daily high of 22.5 million contracts on March 10, 2023.

• Trading in S&P 500 Index (SPX) options set multiple new volume records for the month and quarter, including new quarterly ADV record of 2.8 million contracts, new monthly total volume record of 66.1 million contracts, and new single-day volume record on March 10, 2023 with 4.2 million contracts traded.

• Nanos options had its highest monthly ADV with 4,100 contracts traded per day in March. Introduced in March 2022, Nanos are 1/100th the  size of the mini-SPX contract and designed to help traders more easily identify and size trades, providing greater precision when hedging or taking a directional position.

European Equities and Derivatives

• Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts in March, a record total monthly volume figure, beating the previous high of 3,824 contracts in January 2023.

• Cboe Clear Europe, Cboe's pan-European clearing house, cleared a record 8 million trades on Euronext's stock exchanges in Amsterdam,

• Brussels, Paris, Lisbon and Milan under the preferred clearing model, surpassing the previous high of 7.2 million trades cleared in November 2022.

Global FX

• Cboe FX set multiple volume records for the first quarter of 2023, including Spot FX quarterly ADNV of $43.9 billion, Spot Full Amount quarterly ADNV of $13.9 billion, and Non-Deliverable Forwards (NDF) quarterly ADNV of $1.1 billion.