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CBOE Holdings' (CBOE) Volume Climbs 42% Y/Y in November

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CBOE Holdings, Inc. (CBOE - Free Report) reported monthly trading volume for Nov 2016 of 117.6 million, a 28% increase from the preceding month. Also, the reported figure increased 42% year over year.  

The Chicago, IL-based exchange operator’s total options contracts of 111.9 million increased 28% from the prior month and 41% from the prior-year period. Further, total futures contracts surged 63% year over year and climbed 16% from the preceding month to 5.7 million.

Moreover, total average daily volume (ADV), comprising both options and futures contracts, for the month of Nov 2016 increased 28% to $5.6 million from the preceding month. In addition, ADV rose 35% year over year.

CBOE Holdings, owner of the Chicago Board Options Exchange, witnessed record volume in Standard & Poor’s 500 index (SPX) and volatility index options (VIX) in non-U.S. trading hours to total combined contracts of 296,472 during Nov 2016.

The company noted in its release, that during the reported month, the company witnessed a number of single-day records in non-U.S. trading hours. Notably, reflecting reaction to the U.S. presidential election, SPX options and VIX futures touched new all-time highs of 41,218 contracts and 263,663 contracts, respectively on Nov 9.

 Year to date, the company’s shares have gained 11%, underperforming the 18.8% growth for the Zacks-categorized Securities Exchanges industry. However, shares of CBOE Holdings have been largely witnessing a rising trend post U.S. election.

 




Currently, CBOE Holdings carries a Zacks Rank #3 (Hold).

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