Market Metrics That Matter: Derivatives March Volume Highlights

March Highlights

U.S. Index Options

Index options Average Daily Volume (ADV) reached a record 6.9 million index options contracts in March, rounding out a record first quarter. ADV in the first quarter of 2026 was 6.1 million.

SPX Record Volumes

• S&P 500 Index Options (SPX) had a record monthly ADV of 5.4 million contracts.
• March 31 set the third highest volume day on record with 6.35 million contracts traded.

XSP Record Volumes

• Mini S&P 500 Index Options (XSP) set a new monthly ADV record of 222,000 thousand contracts.

CBTX Record Volumes

• Cboe Bitcoin U.S. ETF Index Options (CBTX) had a record monthly ADV with 1,200 contracts traded.
• March 31 set a new daily volume record with 25,070 contracts traded.

Global Trading Hours Session

• A record ADV of 195,000 options contracts were traded during Global Trading Hours (GTH).

U.S. Multi List Options

Cboe EDGX Options Exchange

• EDGX ADV increased 23% month-over-month to 3.6 million contracts.
• March 20 marked a record day with 5.98 million contracts traded.

U.S. Futures

• Crypto Futures: Cboe Bitcoin Continuous Futures (PBT) had a record month with an ADV of 1,400 contracts traded.
• VIX Index Futures (VX): VX futures volumes significantly increased this month to an ADV of 318,000 contracts.

News and Insights

• Cboe and CNBC Launch Multi-Year Collaboration to Deliver Daily Live Market Coverage from Chicago Trading Floor
• Cboe to Launch BITVX, A New Volatility Index Based on IBIT Options

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