Cboe’s July FX Volume Drops Marginally

Cboe’s July FX Volume Drops Marginally

August 2, 2021

Cboe FX Markets posted a marginal drop in the overall FX volume and the average daily volume (ADV) for July 2021. The exchange reported a total FX volume of $719 billion in the last month, which is approximately 2% lower compared to June 2021.

The latest numbers released by Cboe show that the average daily volume in July 2021 reached $32.68 billion. The exchange reported an ADV of $33.37 billion in June 2021. July had a total of 22 trading days.

Cboe reported a marginal drop in the total FX volume for the last month. However, the numbers were higher compared to the same period in 2020. Cboe reported the total FX volume of $690 billion and ADV of $30 billion in July 2020.

The exchange reported consistent growth in numbers since April 2021. Cboe’s total FX volume in April stood at $677 billion. The number jumped to $683 billion in May 2021 and touched $734 billion in June 2021.

Cboe Global Markets

Last week, Cboe Global Markets reported its financial results for the second quarter of 2021. The exchange posted net revenues of $351 million, a jump of 18% compared to the same period in 2020. Cboe Global Markets also returned $79 million to shareholders through share repurchases and dividends. The operator reported adjusted diluted EPS of $1.38 in the second quarter of 2021, which is up by 5% compared to the same period in 2020.

“We begin the second half of the year in a strong financial position. We are increasing our full-year recurring non-transaction organic revenue growth target to 12 to 13 percent from 10 to 11 percent to incorporate stronger organic growth. Recurring non-transaction revenue, which includes acquisitions, is now expected to increase by 15 to 16 percent, up from previous guidance of 11 to 12 percent, due to stronger organic growth and the addition of Chi-X. Our full-year expense guidance remains unchanged for 2021,” Brian N. Schell, Cboe Global Markets Executive Vice President, Chief Financial Officer and Treasurer, commented on the results last week.

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