We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cboe Global (CBOE) Posts Solid December Volumes, Guides Q4 RPC
Read MoreHide Full Article
Cboe Global Markets, Inc. (CBOE - Free Report) reported total average daily volume (ADV) of 10.8 million contracts in December, up 45.8% year over year, driven by solid performance in Options, partly offset by lower Futures volume. U.S. Equities Global Forex as well as European Equities increased.
Total contracts for the month were nearly 238.2 million, up 52.7% year over year. Of this, Options improved 55.3% to 234.8 million while Futures decreased 29.3% to 3.4 million. Options’ ADV was 10.7 million whereas Futures’ ADV was 0.2 million.
Total volumes of U.S. Equities came in at 34.8 billion shares, up 54.4% year over year. European Equities reflected a 10.1% improvement year over year to €127.23 billion whereas Global FX increased 14.5% to $719.1 billion. Total volumes of Canadian Equities traded were 1.1 billion in December.
CBOE Global should continue witnessing solid average daily volumes, given its compelling product portfolio, which drives transaction fees that account for the lion’s share of total operating revenues.
This Zacks Rank #3 (Hold) derivatives exchange in the United States has a strong market position and global reach with strength in its proprietary products, primarily SPX options, VIX options and VIX futures.
With respect to revenues per contract (RPC), Cboe Global estimates fourth-quarter Options RPC to be down 2% to 3% from the two months ended Nov 30 average, largely due to 1-2% lower RPC projected for multi-listed options for December. RPC for Futures is expected to be in line with the two-month ended Nov 30 average.
Concurrently, the company also reported sturdy volumes for full-year 2020. Options volumes were at a record high of more than 2.5 billion contracts while U.S. equities volume hit a record of more 436 billion shares. Options ADV increased 38%. U.S. Equities ADV improved 50% while Global FX ADNV increased 7% year over year.
Shares of CBOE Global Markets have lost 19.2% in a year against the industry’s increase of 12%. Nonetheless, diversified product portfolio, compelling growth, expense synergies, increasing transaction fees and solid liquidity position should continue to help shares bounce back.
CME Group (CME - Free Report) reported December average daily volume of 14.2 million contracts per day, down 8% year over year, attributable to lower volumes in four of the six product lines. MarketAxess Holdings (MKTX - Free Report) reported December volumes of $472.3 billion, comprising $203.5 billion in credit volume and $268.7 billion in rates volume. Intercontinental Exchange (ICE - Free Report) average daily volume in December decreased 1.4% to 4.9 million, largely attributable to lower Commodities and Financial ADV.
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Cboe Global (CBOE) Posts Solid December Volumes, Guides Q4 RPC
Cboe Global Markets, Inc. (CBOE - Free Report) reported total average daily volume (ADV) of 10.8 million contracts in December, up 45.8% year over year, driven by solid performance in Options, partly offset by lower Futures volume. U.S. Equities Global Forex as well as European Equities increased.
Total contracts for the month were nearly 238.2 million, up 52.7% year over year. Of this, Options improved 55.3% to 234.8 million while Futures decreased 29.3% to 3.4 million. Options’ ADV was 10.7 million whereas Futures’ ADV was 0.2 million.
Total volumes of U.S. Equities came in at 34.8 billion shares, up 54.4% year over year. European Equities reflected a 10.1% improvement year over year to €127.23 billion whereas Global FX increased 14.5% to $719.1 billion. Total volumes of Canadian Equities traded were 1.1 billion in December.
CBOE Global should continue witnessing solid average daily volumes, given its compelling product portfolio, which drives transaction fees that account for the lion’s share of total operating revenues.
This Zacks Rank #3 (Hold) derivatives exchange in the United States has a strong market position and global reach with strength in its proprietary products, primarily SPX options, VIX options and VIX futures.
With respect to revenues per contract (RPC), Cboe Global estimates fourth-quarter Options RPC to be down 2% to 3% from the two months ended Nov 30 average, largely due to 1-2% lower RPC projected for multi-listed options for December. RPC for Futures is expected to be in line with the two-month ended Nov 30 average.
Concurrently, the company also reported sturdy volumes for full-year 2020. Options volumes were at a record high of more than 2.5 billion contracts while U.S. equities volume hit a record of more 436 billion shares. Options ADV increased 38%. U.S. Equities ADV improved 50% while Global FX ADNV increased 7% year over year.
Shares of CBOE Global Markets have lost 19.2% in a year against the industry’s increase of 12%. Nonetheless, diversified product portfolio, compelling growth, expense synergies, increasing transaction fees and solid liquidity position should continue to help shares bounce back.
CME Group (CME - Free Report) reported December average daily volume of 14.2 million contracts per day, down 8% year over year, attributable to lower volumes in four of the six product lines. MarketAxess Holdings (MKTX - Free Report) reported December volumes of $472.3 billion, comprising $203.5 billion in credit volume and $268.7 billion in rates volume. Intercontinental Exchange (ICE - Free Report) average daily volume in December decreased 1.4% to 4.9 million, largely attributable to lower Commodities and Financial ADV.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>