In Case You Missed It: April 2021
48 Years of Cboe: How Our People Define Us
In honor of Cboe’s 48th anniversary, Chairman, President and CEO Ed Tilly shared a letter reflecting on how the past year has demonstrated the passion and resilience of Cboe’s people, and why he believes in the company’s vision for the future.
Cboe Global Markets™ Reports March 2021 Trading Volume
Cboe™ reported March 2021 trading volume on April 6. In March, options average daily volume (ADV) increased 18 percent and U.S. equities exchange matched ADV was up nearly 20 percent year-to-date. Additionally, European equities average daily notional value (ADNV) increased 9 percent and global FX ADNV increased 4 percent, compared to the month prior.
and SPX Options to Nearly 24 Hours-a-Day
Cboe plans to extend the global trading hours session (GTH) for its S&P 500 Index options (SPX) and Cboe Volatility Index™ (VIX) options to nearly 24 hours each business day on Cboe Options Exchange in the fourth quarter of 2021, subject to regulatory review. Cboe's move to offer a nearly 24 hours-a-day, five days-a-week (24x5) trading model aims to provide global market participants with expanded access to trade Cboe's exclusively listed U.S. index options products based on the S&P 500 Index (SPX), the global benchmark of large-cap U.S. equities, and the Cboe Volatility Index (VIX), recognized as the world's premier gauge of U.S. equity market volatility.
Smart Execution with Quote Depletion Protection
In January, Cboe rolled out an enhancement to its Quote Depletion Protection (QDP) order type to reduce the opportunity cost of missing liquidity and increase the likelihood of executions while maintaining the desired outcome of mitigating adverse selection. In the two months since implementing this change, Cboe has observed improved executions in orders using QDP and recently shared an analysis with customers.
Several new records were set in MATCHNow’s Conditional Order Book in March.
These records, provided in the link below (single-counted), further highlight the continuous growth we have seen in Conditional Orders as new participants begin using the innovative order type.
Learning the Greeks: An Expert’s Perspective
Options trading can be complex. Add in unfamiliar letters, and the novice trader may feel overwhelmed before getting started. If this sounds like you, be sure to join the Cboe Options Institute and options expert Sheldon Natenberg on May 12. But first, see a glimpse of what the webinar will explore on Cboe Insights.
All About Options Expert Sheldon Natenberg
Sheldon Natenberg will join Cboe Options Institute to explain the importance of understanding the option Greeks when trading options on May 12. Learn more about how Natenberg became the gold-standard in options education below and what he’ll share with webinar attendees.
Cboe Europe Derivatives Secures Support of Key Participants for September 2021 Launch
Cboe Europe, the European division of Cboe Global Markets, plans to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, on Monday, 6 September 2021, subject to regulatory approvals. Cboe has secured the support of a broad range of participants, including banks, clearing firms, market-makers and proprietary trading firms who are expected to help contribute to the provision of liquidity and client order flow on Cboe Europe Derivatives.
The information in this article is provided for general education and information purposes only. No statement(s) within this article should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons, statistics or other technical data in this article is available by contacting Cboe Global Markets at www.cboe.com/Contact. Cboe is a registered trademark of Cboe Exchange, Inc. All other trademarks and service marks are property of their respective owners. © 2020 Cboe Exchange, Inc. All Rights Reserved.