Cboe Global Markets Reports Trading Volume for May 2025
- Strong growth in multiply-listed options with 27.6% YoY increase
- Significant surge in U.S. equities off-exchange volume, up 62% YoY
- European equities trading volume increased 40.2% YoY
- Cboe Clear Europe cleared trades grew 27.4% YoY
- Futures contracts volume declined 22.5% YoY
- Japanese equities trading volume decreased 32.4% YoY
- Month-over-month decline in several segments, including -46.4% in futures
- Canadian equities trading volume dropped 3.6% YoY
Insights
Cboe reports mixed May 2025 trading volumes with strong year-over-year growth in most segments despite month-over-month declines.
Cboe Global Markets' May 2025 trading statistics reveal significant year-over-year growth across most business segments, despite month-over-month declines from April 2025. Multiply-listed options volumes grew
European equities trading demonstrated the most impressive year-over-year growth at
The divergence between strong year-over-year metrics and weaker sequential performance suggests increasing market volatility. While the broader trend remains positive as evidenced by year-to-date growth across most segments, the month-over-month declines in high-margin businesses like index options (down
The data sheet "" contains an overview of certain May 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 | |||||||
May 2025 | May 2024 | % Chg | Apr | % | May 2025 | May 2024 | % | |
Multiply-listed options (contracts, k) | 12,711 | 9,962 | 27.6% | 13,260 | -4.1% | 13,236 | 10,471 | 26.4% |
Index options (contracts, k) | 4,330 | 3,776 | 14.7% | 5,087 | -14.9% | 4,745 | 4,077 | 16.4% |
Futures (contracts, k) | 166 | 214 | -22.5% | 309 | -46.4% | 244 | 237 | 2.9% |
1,861 | 1,424 | 30.7% | 2,118 | -12.2% | 1,785 | 1,450 | 23.1% | |
128 | 79 | 62.0% | 125 | 2.3% | 105 | 79 | 33.0% | |
Canadian Equities (matched shares, k) | 135,088 | 140,175 | -3.6% | 170,517 | -20.8% | 156,851 | 147,283 | 6.5% |
European Equities (�, mn) | 12,106 | 8,634 | 40.2% | 17,410 | -30.5% | 14,144 | 9,757 | 45.0% |
Cboe Clear Europe Cleared Trades (k) | 123,100 | 96,641 | 27.4% | 167,213 | -26.4% | 702,385 | 498,335 | 40.9% |
Cboe Clear Europe Net Settlements (k) | 1,100 | 953 | 15.4% | 1,099 | 0.1% | 5,400 | 4,414 | 22.3% |
Australian Equities (AUD, mn) | 879 | 737 | 19.3% | 1,047 | -16.0% | 875 | 758 | 15.4% |
Japanese Equities (JPY, bn) | 225 | 333 | -32.4% | 239 | -5.9% | 286 | 320 | -10.6% |
Global FX ($, mn) | 51,047 | 43,351 | 17.8% | 65,340 | -21.9% | 54,503 | 46,075 | 18.3% |
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
Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates.
View original content to download multimedia:
SOURCE Cboe Global Markets, Inc.