Cboe Posts a Marginal Drop in October’s FX Volume

Cboe Posts a Marginal Drop in October’s FX Volume

November 1, 2021

After reporting a substantial jump in September’s FX volume, Cboe saw a marginal drop in the overall FX activity during October 2021. In the latest monthly trading statistics published by Cboe FX Markets, the operator reported a total trading volume of $717 billion.

In terms of the average daily volume (ADV), the number reached $34.1 billion in October 2021, which is a slight decrease compared to $34.3 billion in September 2021. October had a total of 21 trading days. The exchange handled the highest volume on the last trading day of the month.

The daily trading volume increased substantially during the last three trading days of the month. On 27 October and 28 October, Cboe FX Markets saw daily trading volumes of more than $40 billion. In the recent month, the lowest daily volume was reported on 11 October, Cboe handled nearly $26.5 billion worth of volume.

In terms of monthly volume, Cboe saw a sharp drop in August 2021 when the overall volume dropped from $719 billion (July 2021) to $636 billion. However, Cboe FX Markets reported a decent recovery in September and October.

Cboe Global Markets

Last month, Cboe Global Markets reported its financial results for the third quarter of 2021. The operator reported strong growth in net revenues and diluted EPS. Additionally, Cboe Global Markets provided a strong outlook for Q4 of 2021 and FY2022.

“The fourth quarter is off to a strong start, and as we look ahead to 2022, we are confident in our ability to execute on our strategic growth priorities and drive value for our shareholders and market participants. We are increasing our full-year recurring non-transaction organic revenue growth target to approximately 14 percent from 12 to 13 percent. Recurring non-transaction revenue, which includes acquisitions, is now expected to increase by approximately 18 percent, up from previous guidance of 15 to 16 percent,” Brian N. Schell, Cboe Global Markets Executive Vice President, Chief Financial Officer and Treasurer, commented on the recent results.

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