Cboe Global Markets Reports Trading Volume for January 2025

Rhea-AI Summary

Cboe Global Markets (CBOE) has reported significant trading volume growth across most business segments in January 2025. Multiply-listed options saw a 24.5% increase year-over-year to 13,151k contracts ADV, while index options rose 10.1% to 4,535k contracts ADV. The S&P 500 Index (SPX) options achieved their second-best month ever with 3.46 million contracts ADV.

Notable increases were observed in European Equities (20.9% YoY), Japanese Equities (19.7% YoY), and Global FX (12.3% YoY). The company set new records in short-dated options and global trading hours, including a single-day record of 2.42 million 0DTE SPX contracts on January 31 and 253,000 SPX contracts during global trading hours on January 27.

However, some segments showed declines, with Futures dropping 4.0% and Australian Equities declining 3.5% compared to January 2024.

Positive

• Multiply-listed options ADV increased 24.5% YoY to 13,151k contracts
• Index options ADV grew 10.1% YoY to 4,535k contracts
• SPX options achieved second-best month ever with 3.46M contracts ADV
• European Equities trading volume up 20.9% YoY
• Japanese Equities trading volume increased 19.7% YoY
• Global FX trading volume rose 12.3% YoY to $50,312M

Negative

• Futures trading volume decreased 4.0% YoY
• Australian Equities trading volume declined 3.5% YoY

CHICAGO, Feb. 5, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported January 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 January 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
	Jan 2025	Jan 2024	% Chg	Dec 2024	%  Chg	Jan 2025	Jan 2024	%  Chg
Multiply-listed options (contracts, k)	13,151	10,559	24.5 %	11,864	10.8 %	13,151	10,559	24.5 %
Index options (contracts, k)	4,535	4,118	10.1 %	4,014	13.0 %	4,535	4,118	10.1 %
Futures (contracts, k)	220	229	-4.0 %	213	3.2 %	220	229	-4.0 %
U.S. Equities - On-Exchange (matched shares, mn)	1,637	1,537	6.5 %	1,515	8.1 %	1,637	1,537	6.5 %
U.S. Equities - Off-Exchange (matched shares, mn)	83	74	12.3 %	70	19.3 %	83	74	12.3 %
Canadian Equities (matched shares, k)	159,211	136,143	16.9 %	154,344	3.2 %	159,211	136,143	16.9 %
European Equities (€, mn)	11,423	9,450	20.9 %	9,291	22.9 %	11,423	9,450	20.9 %
Cboe Clear Europe Cleared Trades (k)	122,939	98,903	24.3 %	96,747	27.1 %	122,939	98,903	24.3 %
Cboe Clear Europe Net Settlements (k)	1,050	871	20.5 %	926	13.4 %	1,050	871	20.5 %
Australian Equities (AUD, mn)	651	674	-3.5 %	772	-15.7 %	651	674	-3.5 %
Japanese Equities (JPY, bn)	326	272	19.7 %	250	30.5 %	326	272	19.7 %
Global FX ($, mn)	50,312	44,815	12.3 %	43,122	16.7 %	50,312	44,815	12.3 %

January 2025 Trading Volume Highlights   

U.S. Options 

• S&P 500 Index (SPX) options traded an ADV of 3.46 million contracts, its second-best month on record.
• SPX options set individual trading records related to short-dated options and global trading hours activity, including:
  • On January 31, 2.42 million zero days to expiry (0DTE) SPX contracts traded, the most 0DTE contracts traded in a single day.
  • On January 27, 253 thousand SPX contracts traded during Cboe's global trading hours (7:15 PM to 8:25 AM CT), a new record for the trading session.

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.

Cboe Media Contacts			Cboe Analyst Contact
Angela Tu	Tim Cave			Kenneth Hill, CFA
+1-646-856-8734	+44 (0) 7593-506-719			+1-312-786-7559
atu@cboe.com	tcave@cboe.com			khill@cboe.com

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates.

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SOURCE Cboe Global Markets, Inc.

FAQ

What was CBOE's S&P 500 Index options trading volume in January 2025?

CBOE's S&P 500 Index (SPX) options traded an average daily volume of 3.46 million contracts in January 2025, marking its second-best month on record.

How did CBOE's multiply-listed options perform in January 2025 compared to 2024?

CBOE's multiply-listed options ADV increased by 24.5% year-over-year, from 10,559k contracts in January 2024 to 13,151k contracts in January 2025.

What records did CBOE set in zero days to expiry (0DTE) SPX contracts?

CBOE set a new single-day record on January 31, 2025, with 2.42 million 0DTE SPX contracts traded.

How did CBOE's Global FX trading volume change in January 2025?

CBOE's Global FX trading volume increased by 12.3% year-over-year to $50,312 million in January 2025.

What was CBOE's performance in European Equities trading for January 2025?

CBOE's European Equities trading volume increased by 20.9% year-over-year to €11,423 million in January 2025.