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.
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Average Daily Trading Volume (ADV) by Month |
Year-To-Date |
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Nov 2025 |
Nov 2024 |
% Chg |
Oct |
% |
Nov 2025 |
Nov 2024 |
% |
|||||
|
Multi-listed options (contracts, k) |
14,429 |
12,355 |
16.8 % |
15,892 |
-9.2 % |
13,670 |
10,761 |
27.0 % |
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|
Index options (contracts, k) |
5,856 |
4,141 |
41.4 % |
5,511 |
6.3 % |
4,939 |
4,101 |
20.4 % |
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|
Futures (contracts, k)1 |
284 |
222 |
28.3 % |
259 |
9.8 % |
232 |
241 |
-3.8 % |
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|
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. |
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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.
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Cboe Media Contacts |
Cboe Analyst Contact |
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Angela Tu |
Tim Cave |
Kenneth Hill, CFA |
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+1-646-856-8734 |
+44 (0) 7593-506-719 |
+1-312-786-7559 |
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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.
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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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