CHICAGO, March 5, 2025 -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported February monthly trading volume statistics across its global business lines.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain February trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.
Average Daily Trading Volume (ADV) by Month | Year-To-Date | |||||||
Feb 2025 | Feb 2024 | % Chg | Jan | % | Feb 2025 | Feb 2024 | % | |
Multiply-listed options (contracts, k) | 13,556 | 11,114 | 22.0 % | 13,151 | 3.1 % | 13,348 | 10,829 | 23.3 % |
Index options (contracts, k) | 4,469 | 4,090 | 9.3 % | 4,535 | -1.5 % | 4,503 | 4,104 | 9.7 % |
Futures (contracts, k) | 241 | 213 | 13.1 % | 220 | 9.5 % | 230 | 221 | 4.0 % |
U.S. Equities - On-Exchange (matched shares, mn) | 1,673 | 1,528 | 9.5 % | 1,637 | 2.2 % | 1,655 | 1,532 | 8.0 % |
U.S. Equities - Off-Exchange (matched shares, mn) | 97 | 91 | 5.9 % | 83 | 16.1 % | 90 | 83 | 8.8 % |
Canadian Equities (matched shares, k) | 166,261 | 143,922 | 15.5 % | 159,211 | 4.4 % | 162,478 | 139,847 | 16.2 % |
European Equities (€, mn) | 13,718 | 10,093 | 35.9 % | 11,423 | 20.1 % | 12,516 | 9,765 | 28.2 % |
Cboe Clear Europe Cleared Trades (k) | 131,723 | 98,689 | 33.5 % | 122,939 | 7.1 % | 254,662 | 197,592 | 28.9 % |
Cboe Clear Europe Net Settlements (k) | 1,021 | 825 | 23.7 % | 1,050 | -2.7 % | 2,071 | 1,697 | 22.1 % |
Australian Equities (AUD, mn) | 914 | 809 | 13.0 % | 651 | 40.6 % | 779 | 742 | 5.1 % |
Japanese Equities (JPY, bn) | 335 | 316 | 6.0 % | 326 | 2.7 % | 330 | 294 | 12.3 % |
Global FX ($, mn) | 50,699 | 43,628 | 16.2 % | 50,312 | 0.8 % | 50,497 | 44,236 | 14.2 % |
February 2025 Trading Volume Highlights
U.S. Options
- ADV in February across Cboe's four U.S. options exchanges was an all-time high of 18.0 million contracts, driven by:
- A record multiply-listed options ADV of 13.6 million
- S&P 500 Index (SPX) options ADV of 3.5 million contracts, the highest month on record
- Several new single-day records were set on February 21, including:
- Total U.S. options volume of 25.7 million contracts across Cboe's four options exchanges
- SPX options volume of 4.7 million contracts, eclipsing the previous single-day record from December 2023
- 2.6 million zero-days-to-expiry (0DTE) SPX contracts
Futures
- On February 27, Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index futures (IBIG) saw its largest ever block trade of 2,200 contracts ($309 million notional), helping open interest exceed $479 million notional for the first time.
Cboe Europe
- Cboe BIDS Europe, Cboe Europe's block trading platform, reported monthly records for total notional traded (€15.4 billion) and average daily notional value (€771.3 million).
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.
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