Cboe Global Markets Reports Trading Volume for November 2025

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Cboe Global Markets Reports Trading Volume for November 2025

PR Newswire

CHICAGO, Dec. 3, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported November monthly trading volume statistics across its global business lines.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain November trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date




Nov

2025

Nov

2024

%

Chg

Oct
 2025

%
 Chg

Nov

2025

Nov

2024

%
 Chg

Multi-listed options (contracts, k)

14,429

12,355

16.8 %

15,892

-9.2 %

13,670

10,761

27.0 %

Index options (contracts, k)

5,856

4,141

41.4 %

5,511

6.3 %

4,939

4,101

20.4 %

Futures (contracts, k)1

284

222

28.3 %

259

9.8 %

232

241

-3.8 %

U.S. Equities - On-Exchange (matched shares, mn)

1,802

1,601

12.5 %

2,020

-10.8 %

1,790

1,381

29.6 %

U.S. Equities - Off-Exchange (matched shares, mn)

202

94

115.0 %

227

-10.7 %

154

80

93.5 %

Canadian Equities (matched shares, k)

186,073

159,068

17.0 %

211,986

-12.2 %

165,575

146,992

12.6 %

European Equities (€, mn)

12,772

11,262

13.4 %

13,192

-3.2 %

13,035

9,849

32.4 %

Australian Equities (AUD, mn)

1,025

822

24.7 %

1,130

-9.3 %

952

791

20.4 %

Global FX ($, mn)

53,120

49,565

7.2 %

55,134

-3.7 %

52,880

47,048

12.4 %

Cboe Clear Europe Cleared Trades (k)

106,229

114,701

-7.4 %

125,392

-15.3 %

1,373,921

1,132,456

21.3 %

Cboe Clear Europe Net Settlements (k)

1,156

995

16.2 %

1,305

-11.5 %

12,493

10,273

21.6 %














1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products.

November 2025 Trading Volume Highlights   

U.S. Options

  • Trading in Cboe's proprietary index options suite set several volume records for the month, including:
    • New overall proprietary index options ADV record of 5.9 million contracts.
    • New S&P 500 Index (SPX) options ADV record of 4.6 million contracts.
    • New SPX zero-days-to-expiry (0DTE) options ADV record of 2.8 million contracts.
    • New SPX ADV record of 122 thousand during Cboe's global trading hours session (8:15 PM to 9:25 AM ET).
    • New mini-SPX (XSP) ADV record of 132 thousand contracts.

Global FX

  • Global FX set a new Cboe SEF (Swap Execution Facility) Non-Deliverable Forwards average daily notional value (ADNV) record of $3.5 billion.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more, visit www.cboe.com.

Cboe Media Contacts


Cboe Analyst Contact

 

Angela Tu

Tim Cave


Kenneth Hill, CFA

+1-646-856-8734

+44 (0) 7593-506-719


+1-312-786-7559

atu@cboe.com

tcave@cboe.com


khill@cboe.com


CBOE-V

Cboe®, Cboe Global Markets®, Cboe Clear®, Cboe Futures Exchange®, CFE®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

 

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SOURCE Cboe Global Markets, Inc.