Cboe’s Options Exchanges Reach Record Monthly Volume

U.S. Options

• Total volume across Cboe’s four options exchanges reached a new monthly high of 337.2 million contracts in March, and a new daily high of 22.5 million contracts on March 10, 2023.
• Trading in S&P 500 Index (SPX) options set multiple new volume records for the month and quarter, including:
  • New quarterly ADV record of 2.8 million contracts
  • New monthly total volume record of 66.1 million contracts
  • New single-day volume record on March 10, 2023 with 4.2 million contracts traded

• Nanos options had its highest monthly ADV with 4,100 contracts traded per day in March. Introduced in March 2022, Nanos are 1/100^th the size of the mini-SPX contract and designed to help traders more easily identify and size trades, providing greater precision when hedging or taking a directional position.

European Equities and Derivatives

• Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts in March, a record total monthly volume figure, beating the previous high of 3,824 contracts in January 2023.
• Cboe Clear Europe, Cboe’s pan-European clearing house, cleared a record 8 million trades on Euronext’s stock exchanges in Amsterdam, Brussels, Paris, Lisbon and Milan under the preferred clearing model, surpassing the previous high of 7.2 million trades cleared in November 2022.