Options ADV has increased by 7% in one year. Futures ADV has also increased by 78.3% since the same period last year.
Cboe Global Markets, a solutions provider for global market trading, has released its trading volume numbers for April 2021. The firm recorded an increase in futures average daily volume and options ADV last month.
The official records from the company show that options ADV has been increasing since the beginning of the year. Cboe Global Markets has also reported an 18% increase in Options ADV in the first quarter of 2021. The firm also recorded a surge in Volatility Index (VIX) options. The total contracts for the firm got to 506,021, a 52% spike compared to April last year.
In addition, the VIX futures were reported at 186,653 contracts, a 68% growth from April last year. The ADV in the firm’s iBoxx iShares High Yield Corporate Bond Index (IBHY) futures were reported at 1244 contracts, a 15% growth from March 2021 to April 2021. The IBHY futures volumes also reported over $3.8 billion in nominal value. These details were also revealed in the official press release.
Spike in European Equities Market Share
The firm also reported an increase in the European equities market share for April 2021. The total market share for the company reached 17.9% in April 2021 and increased by 15.4% in April 2020. The recorded Cboe Europe equities market share has also reached its highest level since July last year.
Cboe Global Markets’ share in Swiss securities also surged from 11.4% to 13.4% in April. The average daily notional value (ADNV) for the market share also surged to €609 million from €560 million from March 2021.
Cboe Global Markets has also increased its product offering to reach more consumers. The expansion drive has happened within recent months. In March this year, the firm announced the relaunch of Bitcoin futures. This came amidst increasing demand for the asset from retail and institutional investors.
In February 2021, the firm also partnered with an independent data provider and execution technologist with operations in global markets. The partnership with Vela entailed incorporating Cboe’s platform into its business processes.
The growth of Cboe Global Markets also comes at a critical time for the firm, given that crypto assets are increasingly becoming popular and valuable. The record high trading volumes reported during the past year show that the firm’s future success is inevitable.