Cboe Global Markets Reports Trading Volume for July 2026
Rhea-AI Summary
Cboe Global Markets (Cboe: CBOE) reported July 2026 average daily trading volume (ADV) with strong growth in derivatives and mixed trends in cash equities. Multi-listed options ADV rose 28.4% year-over-year (YoY) to 15.7 million contracts, while index options ADV increased 34.0% YoY to 6.0 million contracts. Futures ADV grew 16.1% YoY to 207 thousand contracts.
U.S. equities on-exchange ADV declined 12.4% YoY to 1.57 billion shares, while off-exchange ADV increased 47.4% YoY to 208 million shares. Global FX ADV advanced 25.9% YoY to $61.1 billion. Cboe’s mini-SPX (XSP) options set a monthly ADV record of 238 thousand contracts and a record 0DTE ADV of 138 thousand contracts. Zero-days-to-expiry trading reached 66.2% of total SPX options volume, and Global Trading Hours options ADV hit a record 224 thousand contracts, including 197 thousand SPX contracts. Cboe Clear Europe surpassed 1 billion cleared client cash equity trades year-to-date through July 31.
Positive
- Multi-listed options ADV 15.687 million, up 28.4% YoY in July 2026
- Index options ADV 5.990 million, up 34.0% YoY in July 2026
- Futures ADV 207 thousand, up 16.1% YoY in July 2026
- Global FX ADV $61.1 billion, up 25.9% YoY in July 2026
- U.S. off-exchange equities ADV 208 million, up 47.4% YoY in July 2026
- XSP options monthly ADV record 238 thousand, 0DTE ADV 138 thousand contracts
- Global Trading Hours options ADV record 224 thousand; SPX GTH ADV 197 thousand
- Cboe Clear Europe exceeded 1 billion cleared client cash equity trades YTD through July 31
Negative
- U.S. equities on-exchange ADV 1.569 billion, down 12.4% YoY in July 2026
- Canadian equities ADV 144.1 million shares, down 4.0% YoY in July 2026
- European equities ADV €14.0 billion, down 6.2% versus June 2026
- Australian equities ADV AUD 989 million, down 15.1% versus June 2026
- U.S. equities on-exchange ADV down 28.2% versus June 2026 to 1.569 billion shares
- Futures ADV down 14.5% versus June 2026 to 207 thousand contracts
News Explained
The August 5 update broadens the operating picture: European and Australian equities increased year over year, while Canadian equities declined.
Cboe’s
For existing common holders, the disclosed consequence is an updated operating picture rather than a stated ownership term; the release reports trading and clearing activity, not a holder-level transaction.
The table presents average daily volume by business line and measurement basis, including contracts, matched shares, currency amounts, and clearing counts. Canadian equities ADV fell 4.0% year over year to 144,124 thousand matched shares, while European equities rose 12.3% to 14,024 million euros.
Cboe Clear Europe reported 147,855 thousand cleared trades in July, up
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 06 | Earnings date announcement | Neutral | +5.5% | Announced Q2 2026 earnings release date and conference call schedule |
| Jul 06 | June volume report | Positive | +5.5% | Reported strong June trading volumes and preliminary second-quarter RPC guidance |
| Jun 23 | Prediction markets launch | Positive | -3.0% | Launched binary option contracts through the Cboe Predicts prediction markets suite |
| Jun 03 | May volume report | Positive | +0.3% | Reported year-over-year growth across options, futures, equities, and FX activity |
| May 28 | SEC approval | Positive | -1.0% | Received SEC approval for extended single-stock options trading hours |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Cboe's positive news reactions were mixed, with two aligned reactions and two divergences across recent comparable announcements.
Key Terms
average daily trading volume (adv) financial
zero-days-to-expiry (0dte) technical
global trading hours (gth) technical
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 2026 | Jul 2025 | % | Jun | % | Jul 2026 | Jul 2025 | % | |||||
Multi-listed options (contracts, k) | 15,687 | 12,215 | 28.4 % | 16,630 | -5.7 % | 14,938 | 12,886 | 15.9 % | ||||
Index options (contracts, k) | 5,990 | 4,469 | 34.0 % | 6,347 | -5.6 % | 6,145 | 4,688 | 31.1 % | ||||
Futures (contracts, k)1 | 207 | 178 | 16.1 % | 242 | -14.5 % | 246 | 226 | 8.7 % | ||||
1,569 | 1,790 | -12.4 % | 2,185 | -28.2 % | 1,875 | 1,785 | 5.0 % | |||||
208 | 141 | 47.4 % | 250 | -17.0 % | 238 | 113 | 110.0 % | |||||
Canadian Equities (matched shares, k) | 144,124 | 150,096 | -4.0 % | 182,398 | -21.0 % | 192,208 | 154,298 | 24.6 % | ||||
European Equities (€, mn) | 14,024 | 12,490 | 12.3 % | 14,950 | -6.2 % | 16,008 | 13,560 | 18.1 % | ||||
Australian Equities (AUD, mn) | 989 | 870 | 13.7 % | 1,165 | -15.1 % | 1,128 | 884 | 27.5 % | ||||
Global FX ($, mn) | 61,071 | 48,514 | 25.9 % | 64,267 | -5.0 % | 64,767 | 53,135 | 21.9 % | ||||
Cboe Clear Europe Cleared Trades (k) | 147,855 | 122,973 | 20.2 % | 144,356 | 2.4 % | 1,005,054 | 935,981 | 7.4 % | ||||
Cboe Clear Europe Net Settlements (k) | 1,442 | 1,236 | 16.6 % | 1,419 | 1.6 % | 9,337 | 7,726 | 20.9 % | ||||
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 2026 Trading Volume Highlights
- Cboe's mini-SPX (XSP) options set a monthly ADV record of 238 thousand contracts, including a record monthly zero-days-to-expiry (0DTE) ADV of 138 thousand contracts.
- 0DTE trading in July grew to a record high
66.2% of total S&P 500 (SPX) options volume. - Total trading during Cboe's Global Trading Hours (GTH) session (8:15 p.m. to 9:25 a.m. ET) set a monthly ADV record of 224 thousand contracts, including record SPX options GTH ADV of 197 thousand contracts.
Cboe Clear Europe
- Cboe Clear Europe surpassed 1 billion cleared client cash equity trades year-to-date through July 31.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world's first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, 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 | |||
CBOE-V
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SOURCE Cboe Global Markets, Inc.