Cboe Global Markets Sees Broad January Volume Surge, Double‑Digit Gains Across Products

CHICAGO, Feb. 4, 2026 — Cboe Global Markets reports a broad‑based surge in trading activity for January, with double‑digit year‑over‑year gains across key product lines and regions that underline rising client engagement across its global franchise.

Cboe posts average daily volume (ADV) of 14,093k contracts in multi‑listed options, up 7.2% year‑over‑year and 22.0% versus December, while index options ADV rises to 5,477k contracts, climbing 20.8% y/y and 8.5% month‑on‑month. Futures ADV increases to 230k contracts, up 4.6% y/y and 28.5% versus December, noting that prior period comparatives exclude digital futures following their transition to Cboe Futures Exchange in Q2 2025. U.S. equities on‑exchange matched shares reach 1,872 million ADV, up 14.3% y/y and 32.3% versus December, supported by a pronounced jump in U.S. equities off‑exchange matched shares to 241 million ADV, a 189.5% y/y surge and 49.6% increase month‑on‑month.

Regional and product expansion is prominent, with Canadian equities matched shares at 239,258k ADV, up 50.3% y/y and 26.9% versus December, and European equities volume rising to €15,218 million, up 33.2% y/y and 45.6% month‑on‑month. Australian equities post AUD1,041 million ADV, a 60.0% y/y increase and 18.8% versus December. Global FX volumes also climb to $67,233 million ADV, up 33.6% y/y and 30.5% versus December. Cboe Clear Europe cleared trades are 123,562k, up 0.5% y/y and 36.2% versus December, while net settlements rise 17.6% y/y to 1,234k and 8.0% versus December.

Reporting details and data transparency

Cboe discloses these segment‑level metrics and RPC/net capture information on a one‑month lag through its Monthly Volume & RPC/Net Revenue Capture Report, providing market participants with granular visibility into trade flow composition and relative revenue capture by product and venue.

Operational note on futures and clearing

The company reminds participants that digital futures were migrated to the Cboe Futures Exchange in Q2 2025, which affects year‑over‑year futures comparisons in the report. Overall, the January figures reflect broad engagement across options, equities, futures, FX and clearing services, with especially strong momentum in off‑exchange U.S. equities and several regional equity markets.