Cboe Global Markets' July Multiply-Listed Options ADV Surges 3.2% MoM, 9.6% YoY.

Cboe Global Markets reported a 3.2% month-over-month increase in multiply-listed options average daily volume (ADV) to 12.2 million contracts in July, a 9.6% year-over-year gain. Index options ADV decreased by 3.7% month-over-month but rose 8.0% year-over-year to 4.47 million.

Cboe Global Markets, a leading provider of derivatives, reported a significant increase in its multiply-listed options average daily volume (ADV) in July. The exchange saw a 3.2% month-over-month increase, bringing the ADV to 12.2 million contracts, representing a 9.6% year-over-year gain [2]. This growth was driven by robust participation in the options market, reflecting the ongoing interest in derivatives trading.

Despite the increase in multiply-listed options, index options ADV decreased by 3.7% month-over-month but rose 8.0% year-over-year to 4.47 million contracts. This trend indicates a shift in trading preferences, with investors showing a growing interest in single-name options and other short-dated expiries [3].

The expansion of zero-day-to-expiry (0DTE) contracts into large single stock names is seen as a catalyst for growth in Cboe's core options business. The exchange is actively listing short-dated expiries for the most liquid US names to attract more retail traders. This strategy is expected to complement growth in index options and potentially draw more sophisticated traders into the index options market [3].

Cboe's efforts to expand into more expiries for single stocks are part of a broader industry trend towards extending trading hours and adopting 24-hour trading. These initiatives aim to provide more opportunities for investors and enhance market liquidity. The exchange is also focusing on strengthening partnerships with retail broker-dealers, recognizing the significant role they play in the options market [3].

The strong performance in July highlights Cboe's resilience and adaptability in the face of market changes. As the exchange continues to innovate and expand its offerings, it is well-positioned to capitalize on the growing demand for derivatives products.

References:
[1] https://www.cboe.com/us/options/market_statistics/daily/
[2] https://seekingalpha.com/news/4479240-cboe-global-multiply-listed-options-adv-rises-32-mm-in-july
[3] https://www.fow.com/insights/analysis-cboe-tracks-evolution-of-same-day-options-into-single-names
[4] https://www.marketsmedia.com/cme-reports-record-monthly-adv-in-crypto-products/
[5] https://www.leaprate.com/financial-services/exchanges/cme-group-posts-second-highest-july-adv-of-21-9-million-contracts/