Cboe Reported 16% Higher Spot Volume Growth in November 2020

Cboe FX Markets, the foreign exchange venue for institutions, has published its financial results for November 2020. The monthly performance metrics shows a solid jump in the demand. 

Key Financial figures for the month are as follows:

• The spot monthly volume of the FX exchange recorded more than $789 billion last month. Almost 16 percent higher on a month-on-month basis. Only the volumes of February and March in 2020 were higher than the numbers posted for November;

• The average daily volume of the exchange venue surged to around $37.6 billion with a total of 21 trading days in November. This figure was a little above $30.9 billion in the previous month.

• On a year-on-year basis, the November volumes jumped even higher. Last year, Cboe reported a total volume of $598.3 billion in November, meaning it gained around 31.9 percent in a year.

The solid recent figures came in after a massive slide in the institutional forex demand in October. Despite the rebound in the number following the seasonal August lull, the forex demands slipped that month.

About Cboe 

Cboe are defining markets to benefit all participants. Cboe is unique among global exchange operators in its ability to drive the global marketplace forward through product innovation, leading edge technology and seamless trading solutions.

From the first listed options contract, index options and VIX options, to VIX futures and corporate bond index futures, Cboe's track record of market-defining product innovation speaks for itself. Cboe offers trading across a diverse range of products, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global FX, and multi-asset volatility products.