Cboe Global Markets Reports Trading Volume for October 2026
October index-options records contrasted with year-over-year declines in multi-listed options and U.S. on-exchange equity trading.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Cboe Global Markets (CBOE) reported October 2026 trading volumes, with proprietary index options reaching a monthly average daily volume record. Index options averaged 6.889 million contracts, up 25.0% year over year and 7.3% from September. Record averages included 5.5 million S&P 500 Index (SPX) options contracts and 303 thousand mini-SPX (XSP) contracts.
Multi-listed options averaged 14.253 million contracts, down 10.3% year over year. U.S. on-exchange equities fell 24.4% to 1,528 million matched shares daily, while off-exchange equities rose 14.9%. Canadian equities declined 21.8%; European equities increased 1.9%. Global foreign-exchange volume rose 9.5% year over year but fell 9.0% from September. Cboe Clear Europe cleared trades increased 13.4% year over year. Australian equities metrics were removed following the completed July 31, 2026 sale of Cboe Australia to TMX Group.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointIndex-options daily volume reached a record 6.889 million contracts, up 25.0% annually and 7.3% monthly; year-to-date rose 27.9%.
- Moderate pointU.S. off-exchange daily volume reached 260 million matched shares, up 14.9% annually and 17.4% monthly; year-to-date rose 57.2%.
- Moderate pointCboe Clear Europe cleared trades reached 142,254 thousand, up 13.4% annually and 7.7% monthly; year-to-date rose 10.2%.
- Moderate pointGlobal foreign-exchange daily volume reached $60,388 million, up 9.5% annually but down 9.0% monthly; year-to-date rose 20.3%.
- Minor pointSPX options reached record monthly average daily volume of 5.5 million contracts.
8 minor points
- Minor pointXSP options reached record monthly average daily volume of 303 thousand contracts.
- Minor pointProprietary index options recorded their busiest days: 10.4 million contracts October 16 and 10.2 million October 30.
- Minor pointSPX options expiring the same day reached record monthly average daily volume of 3.6 million contracts.
- Minor pointXSP daily volume reached a record 515 thousand contracts October 30, surpassing the July 16, 2019 record.
- Minor pointGlobal Trading Hours reached record monthly average daily volume of 284 thousand contracts.
- Minor pointSPX Global Trading Hours volume reached a daily record of 327 thousand contracts October 1.
- Minor pointEuropean equities daily volume reached €13,449 million, up 1.9% annually and 12.8% monthly; year-to-date rose 13.8%.
- Minor pointCboe Clear Europe net settlements reached 1,489 thousand, up 14.1% annually and 2.9% monthly; year-to-date rose 20.1%.
Negative
- Moderate pointU.S. on-exchange daily volume fell 24.4% annually to 1,528 million matched shares; rose 5.1% monthly; year-to-date fell 1.8%.
- Moderate pointMulti-listed options daily volume fell 10.3% annually and 7.3% monthly to 14.253 million contracts; year-to-date rose 9.5%.
- Minor pointCanadian equities daily volume fell 21.8% annually to 165,837 thousand matched shares; rose 0.4% monthly; year-to-date rose 12.8%.
- Minor pointFutures daily volume fell 8.3% annually to 237 thousand contracts; rose 24.3% monthly; year-to-date rose 1.8%.
Key Figures
- Proprietary index options monthly ADV
- 6.9 million contracts
- October monthly record
- SPX options monthly ADV
- 5.5 million contracts
- October monthly record
- Mini-SPX (XSP) options monthly ADV
- 303 thousand contracts
- October monthly record
- Most-active proprietary index options days
- 10.4 million and 10.2 million contracts
- October 16 and October 30, respectively
- SPX 0DTE monthly ADV
- 3.6 million contracts
- October monthly record
- XSP daily volume
- 515 thousand contracts
- New daily record on October 30
- GTH session monthly ADV
- 284 thousand contracts
- October monthly record
- SPX trading in GTH daily volume
- 327 thousand contracts
- Daily record on October 1
Key Terms
average daily trading volume (adv) financial
zero-days-to-expiry (0dte) 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 October 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.
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Average Daily Trading Volume (ADV) by Month |
Year-To-Date |
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Oct 2026 |
Oct 2025 |
% Chg |
Sep |
% |
Oct 2026 |
Oct 2025 |
% |
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Multi-listed options (contracts, k) |
14,253 |
15,892 |
-10.3 % |
15,382 |
-7.3 % |
14,897 |
13,601 |
9.5 % |
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Index options (contracts, k) |
6,889 |
5,511 |
25.0 % |
6,422 |
7.3 % |
6,211 |
4,856 |
27.9 % |
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Futures (contracts, k)1 |
237 |
259 |
-8.3 % |
191 |
24.3 % |
231 |
227 |
1.8 % |
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1,528 |
2,020 |
-24.4 % |
1,453 |
5.1 % |
1,756 |
1,789 |
-1.8 % |
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260 |
227 |
14.9 % |
222 |
17.4 % |
236 |
150 |
57.2 % |
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Canadian Equities (matched shares, k) |
165,837 |
211,986 |
-21.8 % |
165,156 |
0.4 % |
184,545 |
163,623 |
12.8 % |
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European Equities (€, mn) |
13,449 |
13,192 |
1.9 % |
11,922 |
12.8 % |
14,859 |
13,060 |
13.8 % |
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Global FX ($, mn) |
60,388 |
55,134 |
9.5 % |
66,363 |
-9.0 % |
63,604 |
52,857 |
20.3 % |
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Cboe Clear Europe Cleared Trades (k) |
142,254 |
125,392 |
13.4 % |
132,130 |
7.7 % |
1,397,225 |
1,267,693 |
10.2 % |
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Cboe Clear Europe Net Settlements (k) |
1,489 |
1,305 |
14.1 % |
1,448 |
2.9 % |
13,616 |
11,337 |
20.1 % |
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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. |
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On July 31, 2026, Cboe completed the sale of Cboe Australia to TMX Group Limited. As the divestiture is now complete, all Australian Equities metrics have been removed from this report. |
October 2026 Trading Volume Highlights
- Cboe's proprietary index options set a monthly ADV record of 6.9 million contracts, driven by record monthly ADV in S&P 500 Index (SPX) options (5.5 million contracts) and mini-SPX (XSP) options (303 thousand contracts).
- The two most-active trading days on record in Cboe's proprietary index options occurred in October, with 10.4 million and 10.2 million contracts traded on October 16 and 30, respectively.
- Zero-days-to-expiry (0DTE) trading in SPX options set a monthly ADV record of 3.6 million contracts.
- XSP options set a new daily record on October 30, with 515 thousand contracts traded, eclipsing the previous record set on July 16, 2019.
- Cboe's Global Trading Hours (GTH) session (8:15 p.m. to 9:25 a.m. ET) set a monthly ADV record of 284 thousand contracts, and SPX trading in GTH set a daily record of 327 thousand contracts on October 1.
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.
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Cboe Media Contacts |
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Cboe Analyst Contact |
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Angela Tu |
Tim Cave |
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Kenneth Hill, CFA |
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+1-646-856-8734 |
+44 (0) 7593-506-719 |
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+1-312-786-7559 |
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CBOE-V
Cboe®, Cboe Global Markets®, Cboe Clear®, Cboe Futures Exchange®, CFE®, Cboe Volatility Index®, VIX®, and XSP® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.
Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.
Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.
Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies or errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was Cboe's October 2026 index-options trading volume?
Cboe's index-options average daily volume was 6.889 million contracts, up 25.0% from October 2025 and 7.3% from September 2026. Proprietary index options set a monthly average daily volume record.
Which Cboe trading businesses had lower volumes year over year in October 2026?
October average daily volumes fell year over year in multi-listed options, futures, U.S. on-exchange equities and Canadian equities. The respective declines were 10.3%, 8.3%, 24.4% and 21.8%.
When does Cboe report revenue per contract and net revenue capture in its monthly volume report?
Cboe reports revenue per contract and net revenue capture on a one-month lag. These measures appear across business lines in the Monthly Volume & RPC/Net Revenue Capture Report.