CBOE · 10-Q · 2026Q3 · Full report

Market Demand Trends

Cboe Global Markets, Inc. · 2026-10-30 · Importance 49 · Surprise 48

For the nine months ended September 30, 2026, Options market average daily volume rose 11.8% year over year to 70.6 million contracts, with index contract ADV up 27.1% to 6.1 million. European equities matched average daily notional value increased 15.4% to €15.0 billion, while Cboe Clear Europe trades cleared grew 9.9% to 1,255.0 million. Global FX average daily notional value increased 21.7% to $64.0 billion, while Futures ADV rose 3.3% to 230.4 thousand. U.S. equities off-exchange ADV increased 65.6% to 233.1 million touched shares, while exchange matched shares fell 12% in the third quarter.

Key facts

• Net capture per one hundred touched shares on Cboe U.S. equity exchanges increased 51% in the three months ended September 30, 2026, while Global FX ADNV increased 22%. source
• Cboe European equities exchanges matched ADNV increased 15% and Global FX ADNV increased 22% in the nine months ended September 30, 2026 compared with the same period in 2025. source
• Index options ADV increased 28% and multi-listed options ADV increased 12% in the nine months ended September 30, 2026. source
• Cboe U.S. equity exchanges' total matched shares decreased 12% in the three months ended September 30, 2026 compared with the same period in 2025. source
• Cboe Clear Europe net settlement volume increased 19% and 21% in the three- and nine-month periods, respectively, ended September 30, 2026. source