CHICAGO - Cboe Global Markets, Inc. (NYSE:CBOE:CBOE), a prominent player in the derivatives and securities exchange sector, disclosed its trading volume metrics for January across its varied business lines. The report showed a mixed performance with certain segments witnessing growth while others experienced declines.
In the multiply-listed options segment, the average daily trading volume (ADV) for January 2024 was 10,559 thousand contracts, marking a 5.9% decrease from January 2023. However, this was a slight uptick from December 2023, with a 0.8% increase. Index options saw a substantial rise, with a 22.2% year-over-year increase to 4,118 thousand contracts.
Futures contracts traded also went up by 18.2% compared to January of the previous year, reaching 229 thousand contracts. U.S. Equities on-exchange matched shares grew by 7.9%, while off-exchange matched shares fell by 22.7%.
Canadian equities matched shares, including MATCHNow and NEO (now operating as Cboe Canada), decreased by 8.8%. European equities expressed in euros declined by 8.2%. Cboe Clear Europe's cleared trades and net settlements showed a decrease and a slight increase, respectively.
In contrast, Australian equities denominated in AUD increased modestly by 1.1%. Japanese equities, measured in billions of yen, surged by 64.3%, representing a significant growth area for the exchange. Global FX average daily notional value (ADNV) increased by 6.6% to $44,815 million, although this was a slight decrease from the previous month.
Cboe Global Markets operates a network of exchanges across North America, Europe, and Asia Pacific, offering trading solutions in equities, derivatives, FX, and digital assets. The company emphasized its commitment to creating an inclusive and trusted global marketplace focused on sustainable financial futures.
InvestingPro Insights
As Cboe Global Markets (CBOE:CBOE) navigates through the fluctuations in trading volumes across its diverse offerings, investors may be seeking a deeper understanding of the company's financial health and future prospects. The latest real-time data from InvestingPro reveals a mixed financial landscape for CBOe. The company's P/E Ratio stands at 27.14, indicating a valuation that investors may find appealing when coupled with the company's potential for earnings growth. A notably low PEG Ratio of 0.14 suggests that CBOE's earnings growth could be undervalued relative to its P/E ratio, hinting at a potential investment opportunity.
InvestingPro Tips highlight that CBOE has raised its dividend for 9 consecutive years and maintained dividend payments for 14 consecutive years, underscoring a strong commitment to shareholder returns. Additionally, with 13 analysts having revised their earnings upwards for the upcoming period, there is a positive sentiment surrounding the company's earnings potential. These insights may be particularly valuable given the company's recent performance in the trading volume report.
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