Cboe Global Markets: February 2025 Trading Volume Statistics
On March 5, 2025, Cboe Global Markets, Inc. (Cboe) released its monthly trading volume statistics for February. This report provides an in-depth analysis of trading activity across various business lines, highlighting volume in select index products and RPC/net capture.
Overview of Trading Statistics
Cboe reported a total trading volume of 2.3 billion contracts in February 2025. This represents a 10.2% increase compared to the same period last year. The following business segments contributed to the overall trading volume:
- Options: 1.6 billion contracts, a 12.1% year-over-year increase
- Equities: 612 million shares, a 6.6% year-over-year increase
- Futures: 58 million contracts, a 5.4% year-over-year increase
Market Share and Select Index Products
Cboe’s market share in the U.S. options market was 41.5% in February, maintaining its position as the largest options exchange in the U.S. The most actively traded index options contracts during the month were:
- S&P 500 Index: 1.0 billion contracts, representing a 12.7% year-over-year increase
- Nasdaq 100 Index: 366 million contracts, a 13.3% year-over-year increase
- Dow Jones Industrial Average: 265 million contracts, a 12.2% year-over-year increase
RPC/Net Capture
RPC (Rates Per Contract) and net capture are crucial metrics that help gauge the financial performance of an exchange. In February, Cboe reported the following RPC/net capture:
- Options: $1.02 per contract and 45.5% net capture
- Equities: $0.02 per share and 32.5% net capture
- Futures: $0.14 per contract and 29.4% net capture
Impact on Individuals
For individual investors, the increase in trading volume and market share by Cboe in various index options contracts could lead to more liquidity, potentially resulting in tighter bid-ask spreads and lower transaction costs. This may provide more opportunities for traders and investors to enter and exit positions efficiently.
Impact on the World
The strong trading performance by Cboe in February 2025 could have significant implications for the global financial markets. The rise in trading volume and market share in index options contracts may lead to increased liquidity, potentially contributing to overall market stability. Furthermore, the growth in Cboe’s derivatives business could attract more institutional investors and market participants, further boosting trading activity and market depth.
Conclusion
Cboe Global Markets’ strong trading performance in February 2025, with a total trading volume of 2.3 billion contracts, a 10.2% year-over-year increase, and a market share of 41.5% in the U.S. options market, highlights the company’s position as a leading player in the derivatives and securities exchange network. The increase in trading volume and market share in various index options contracts may lead to more liquidity, potentially contributing to overall market stability and providing opportunities for individual investors to enter and exit positions efficiently. The growth in Cboe’s derivatives business could also attract more institutional investors and market participants, further boosting trading activity and market depth. Overall, these developments have the potential to positively impact the global financial markets.
