September was a strong month for Cboe’s Global Derivatives business with a quarterly multi-list Average Daily Volume (ADV) of 15.3 million contracts across its four options exchanges, the second-best multi-list quarter. Cboe’s proprietary index options had a monthly ADV of 6.4 million contracts, the second highest on record.
U.S. Options
- S&P 500® Index Options (SPX®) quarterly ADV was 4.9 million contracts, the second-best quarter on record.
- SPX zero-days-to-expiry (0DTE) options reached a record quarterly ADV of 3.2 million contracts and record monthly ADV of 3.4 million contracts.
- Russel 2000® Index Options (RUT) had its best month since January 2016, with a monthly ADV of 99,000 contracts.
- RUT had a quarterly ADV of 86,000 contracts, its second-best quarter on record.
From the Cboe Trading Floor in Chicago
- SPX had 46.9% market share on the floor, the highest market share since May 2026.
- ADV in SPX open outcry trading reached 782,840 contracts, up 21.68% month-over-month.
- Total floor ADV in September was 1.67 million contracts, a 9.1% increase month-over-month.
- Proprietary products represented 66.59% of floor volume.
News and Insights
- Cboe and S&P Dow Jones Indices signed a 25-year extension of exclusive licensing agreement through 2051. This extended agreement allows Cboe to continue having the exclusive rights to offer trading in its flagship S&P 500 Index (SPX) options.
- At Robinhood’s annual HOOD Summit, Cboe and Robinhood announced the planned launch of new KPI contracts, further expanding Cboe’s prediction market offerings. Cboe plans to initially list contracts for 23 U.S.-listed companies that represent some of the most actively traded U.S. stocks.
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