The stock market witnessed an all-around positive market performance on Wednesday, as several stocks rallied positively to close higher than their initial value. The Dow Jones Industrial Average rose by 1.44% to close at 30,829.40, while the S&P 500 Index (SPX) rose by 0.57% to 3,748.14. CBOE was particularly impressive, with a 3.16% rally hitting $95.47 by the end of the day.
The stock’s increases prevented what would have been a three-day losing streak if it hadn’t picked up on Wednesday.
But CBOE’s performance wasn’t replicated by other competitors in the market. In fact, there was a mixed performance for other competitors as Nasdaq closed at $135.40 with a rise of 2.60%, and Intercontinental Exchange rose by 1.94% to close at $115.74.
On the other hand, CME Group closed at $193.38, a rise of 7.96%, which is probably the highest performer in the market.
However, the trading volume for Cboe (919,659) has surpassed its 50-day average volume of 789,730.
Futures volume not impressive
There was an earlier report of the increased FX figures of Cboe institutional spot exchange, which was a healthy upward movement year-over-year on the trading volumes. There is now a similar report for the company for almost all its markets, excluding futures contracts.
Looking at the options volumes, more than 234 million contracts were traded last month, which is a year-on-year 48.3% increase on the average daily volume (ADV) and 55.3% increase on the total volumes.
Cboe’s four options exchange traded at record volumes throughout 2020, with its total trading volume increasing by 38.6% when compared to the previous year.
However, the futures volume went in the opposite direction. Last month’s volume fell by 3.9% month-on-month and by 29.3% year-on-year. Similarly, there was a 19.1 % decrease in the full-year trading volume.
High demand for Equities
The Equity demand for Cboe has remained high, as the exchange maintains its high focus on the equity market. To show its interest, it recently added Canadian equities to expand its equity offerings.
And the four US equities on the Cboe platform – EDGE, EDGX, BYX, and BZX, have all set records when it comes to settlement volumes last year.
They traded average daily shares of 1.7 billion. And the demand for EU equities grew by 10.1% year-on-year-on demand in December, which is only a percentage more than November’s growth.
Cboe has taken another stride by acquiring BIDS Trading, the biggest block-trading ATS in the US by trading volume.