CBOE Holdings, Inc. (CBOE - Free Report) recently announced that the average daily volume (ADV) for August soared nearly 33% year over year to 7.4 million contracts. The month of August had 23 trading days in total.
Total contracts for August 2017 were 171.0 million, up about 33% year over year. Of this, options contracts improved 30.7% to 161.9 million, while futures contracts skyrocketed 92.3% to 9.2 million. Options ADV was 7.0 million and Futures ADV was 0.4 million.
CBOE Holdings have been witnessing a rise in trading volumes, largely supporting increasing transaction fees (accounted for 72% of total operating revenue in 2016) and in turn, boosting revenue growth.
We believe this Zacks Rank #3 (Hold) options exchange will be able to retain the revenue momentum in the coming quarters, backed by a strong market position, global reach, prudent acquisitions and a robust portfolio of proprietary products. You can see the complete list of today’s Zacks #1 Rank stocks here.
Subsequently, ADV of the U.S. Equities Matched came up with a figure of 1.2 billion shares in August, down 10.5% from the year-ago month. While the European Equities Matched reflected a slip of 0.1% year over year to €8.0 billion. Plus, the Global FX Matched climbed 19.6% to $27.1 billion.
Shares of CBOE Holdings have significantly outperformed the industry, year to date. While the CBOE Holdings’ shares have rallied 40.4%, the industry registered a gain of about 16%. We expect both bottom-line and top-line growth, along with diversified product portfolio and expansion moves to fuel growth as well as drive the shares higher.
Recently, securities exchanges CME Group Inc. (CME - Free Report) , Intercontinental Exchange, Inc. (ICE - Free Report) and MarketAxess Holdings Ltd. (MKTX - Free Report) have also reported their respective August volumes. While Intercontinental Exchange’s average daily volume climbed 12% to 4.6 million contracts, MarketAxess has reported a trading volume of $114.3 billion this month. Plus, CME Group’s contracts per day averaged at 16 million, up 16% year over year.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
CBOE Holdings, Inc. (CBOE - Free Report) recently announced that the average daily volume (ADV) for August soared nearly 33% year over year to 7.4 million contracts. The month of August had 23 trading days in total.
Total contracts for August 2017 were 171.0 million, up about 33% year over year. Of this, options contracts improved 30.7% to 161.9 million, while futures contracts skyrocketed 92.3% to 9.2 million. Options ADV was 7.0 million and Futures ADV was 0.4 million.
CBOE Holdings have been witnessing a rise in trading volumes, largely supporting increasing transaction fees (accounted for 72% of total operating revenue in 2016) and in turn, boosting revenue growth.
We believe this Zacks Rank #3 (Hold) options exchange will be able to retain the revenue momentum in the coming quarters, backed by a strong market position, global reach, prudent acquisitions and a robust portfolio of proprietary products. You can see the complete list of today’s Zacks #1 Rank stocks here.
Subsequently, ADV of the U.S. Equities Matched came up with a figure of 1.2 billion shares in August, down 10.5% from the year-ago month. While the European Equities Matched reflected a slip of 0.1% year over year to €8.0 billion. Plus, the Global FX Matched climbed 19.6% to $27.1 billion.
Shares of CBOE Holdings have significantly outperformed the industry, year to date. While the CBOE Holdings’ shares have rallied 40.4%, the industry registered a gain of about 16%. We expect both bottom-line and top-line growth, along with diversified product portfolio and expansion moves to fuel growth as well as drive the shares higher.
Recently, securities exchanges CME Group Inc. (CME - Free Report) , Intercontinental Exchange, Inc. (ICE - Free Report) and MarketAxess Holdings Ltd. (MKTX - Free Report) have also reported their respective August volumes. While Intercontinental Exchange’s average daily volume climbed 12% to 4.6 million contracts, MarketAxess has reported a trading volume of $114.3 billion this month. Plus, CME Group’s contracts per day averaged at 16 million, up 16% year over year.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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