By Townhall Chicago News Staff
Cboe Global Markets on Wednesday reported record monthly average daily volume in its proprietary index options for October, with 6.9 million contracts traded daily, driven by record activity in S&P 500 Index options.
The Chicago-based exchange operator’s monthly volume report complements CME Group’s record-setting October numbers and highlights the strength of the city’s financial exchange ecosystem during a period of elevated market volatility.
S&P 500 Index (SPX) options set a monthly average daily volume record of 5.5 million contracts. Mini-SPX (XSP) options also reached a monthly record of 303,000 contracts, according to a Nov. 4 press release from Cboe.
The two most active trading days in the history of Cboe’s proprietary index options occurred in October, with 10.4 million contracts traded Oct. 16 and 10.2 million contracts on Oct. 30.
Zero-days-to-expiry options on the S&P 500 set a monthly average daily volume record of 3.6 million contracts. XSP options set a new single-day record of 515,000 contracts on Oct. 30, surpassing a mark that had stood since July 2019, according to the release.
Cboe’s Global Trading Hours session, which runs from 8:15 p.m. to 9:25 a.m. Eastern Time, also reached a monthly record of 284,000 contracts. SPX trading in that session set a single-day record of 327,000 contracts on Oct. 1.
Multi-listed options, where Cboe competes with other exchanges, averaged 14.3 million contracts daily in October, a 10.3 percent decrease from October 2025. In equities, U.S. on-exchange matched shares averaged 1.53 billion daily, down 24.4 percent from the prior year. U.S. off-exchange volume rose 14.9 percent to 260 million matched shares daily.
European equities trading increased, with average daily notional value reaching 13.4 billion euros, up 1.9 percent year over year. Global foreign exchange trading averaged $60.4 billion daily, a 9.5 percent increase.
Cboe Clear Europe processed 142.3 million cleared trades during October, up 13.4 percent from a year earlier.
The October volume data followed a strong third quarter for Cboe. The company reported third-quarter net revenue of $712.2 million on Oct. 30, an 18 percent increase from a year earlier, according to the company’s quarterly earnings report. Record diluted earnings per share of $4.08 rose 43 percent year over year.
“Our strong momentum continued in the third quarter as we took important steps to advance our growth strategy,” Cboe CEO Craig Donohue said in the Oct. 30 earnings release.
Cboe, founded in 1973, operates derivatives, equities and foreign exchange markets from its Chicago headquarters.
