Cboe Global Markets Reports Trading Volume for July 2025
Rhea-AI Summary
Cboe Global Markets (CBOE) has reported its July 2025 trading statistics, showing significant growth across multiple business segments. The company achieved notable increases in multiply-listed options (up 9.6% YoY) and index options (up 8.0% YoY).
Key highlights include record-breaking performance in 0DTE trading for S&P 500 Index (SPX) and Mini-SPX Index (XSP) options, with ADVs of 2.2 million and 60,000 contracts respectively. U.S. Equities showed remarkable growth with on-exchange volume up 39.9% and off-exchange volume surging 84.8% YoY. European Equities reached record market shares of 26.6% for overall trading and 34.7% for continuous trading.
Positive
- Record 0DTE trading volumes for SPX and XSP options
- U.S. Equities off-exchange volume surged 84.8% year-over-year
- European Equities achieved record market share of 26.6%
- On-exchange U.S. Equities volume increased 39.9% year-over-year
- Multiply-listed options trading grew 9.6% year-over-year
Negative
- Futures contracts declined 33.3% year-over-year
- Global FX trading volume decreased 5.3% month-over-month
- Australian Equities trading dropped 8.5% compared to previous month
- Index options volume decreased 3.7% month-over-month
News Market Reaction – CBOE
On the day this news was published, CBOE declined 0.28%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain July 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 | |||||||
Jul 2025 | Jul 2024 | % Chg | Jun | % | Jul 2025 | Jul 2024 | % | |
Multiply-listed options (contracts, k) | 12,215 | 11,145 | 9.6 % | 11,836 | 3.2 % | 12,886 | 10,642 | 21.1 % |
Index options (contracts, k) | 4,469 | 4,140 | 8.0 % | 4,639 | -3.7 % | 4,688 | 4,065 | 15.3 % |
Futures (contracts, k)1 | 178 | 267 | -33.3 % | 185 | -3.8 % | 226 | 242 | -6.3 % |
1,790 | 1,280 | 39.9 % | 1,780 | 0.6 % | 1,785 | 1,404 | 27.2 % | |
141 | 76 | 84.8 % | 123 | 14.4 % | 113 | 78 | 45.2 % | |
Canadian Equities (matched shares, k) | 150,096 | 122,608 | 22.4 % | 146,058 | 2.8 % | 154,298 | 144,633 | 6.7 % |
European Equities (€, mn) | 12,490 | 9,229 | 35.3 % | 11,811 | 5.7 % | 13,560 | 9,665 | 40.3 % |
Cboe Clear Europe Cleared Trades (k) | 122,973 | 105,831 | 16.2 % | 110,623 | 11.2 % | 935,981 | 699,176 | 33.9 % |
Cboe Clear Europe Net Settlements (k) | 1,236 | 1,022 | 20.9 % | 1,090 | 13.4 % | 7,726 | 6,311 | 22.4 % |
Australian Equities (AUD, mn) | 870 | 771 | 12.8 % | 951 | -8.5 % | 884 | 764 | 15.7 % |
Global FX ($, mn) | 48,514 | 45,586 | 6.4 % | 51,222 | -5.3 % | 53,135 | 46,340 | 14.7 % |
1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products. |
July 2025 Trading Volume Highlights
- Cboe's S&P 500 Index (SPX) and Mini-SPX Index (XSP) options set monthly volume records in zero-days-to-expiry (0DTE) trading, with 0DTE ADVs of 2.2 million and 60 thousand contracts, respectively.
- SPX options recorded its third most active trading day of all time on July 31 with 4.8 million contracts traded.
European Equities
- Cboe Europe Equities hit record market shares in July for both overall trading (
26.6% ) and continuous trading (34.7% ).
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
Cboe Media Contacts | Cboe Analyst Contact | ||||
Angela Tu | Tim Cave | Kenneth Hill, CFA | |||
+1-917-985-1496 | +44 (0) 7593-506-719 | +1-312-786-7559 | |||
CBOE-V
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There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/.
Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200,
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SOURCE Cboe Global Markets, Inc.