CBOE - Cboe Extends Options Trading Hours To Fit Traders Of All-Time Zones
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Cboe GlobalMarkets Inc. (BATS: CBOE), a leading provider of global marketinfrastructure and tradeable products, offers extended global tradinghours (GTH) for the S&P 500 Index ( SPX )and Mini-SPX Index ( XSP )options.
SPX andXSP trades can be traded nearly 24 hours a day, five days a week. Inthe CboeGlobal Markets Monthly Volume & RPC/Net Revenue CaptureReport published last week, Cboe reported a number of growthmetrics for its U.S. products in January 2023, including 291.8 millioncontracts traded and 1.2 million average daily value traded (ADV) forsame-day SPX options.
Despitegeopolitical tensions and fears of impending recessions, Cboe’sEuropean clients have contributed significantly to Cboe’s volumetallies in January 2023, breaking records in the process. The Cboereport found that:
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SPXoptions volume during global trading hours (GTH) posted thesecond-best month ever in January with an ADV of 58,000 contracts, a55% growth compared to 2022 levels;
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Cboe Europe Equities had an overallmarket share of 25.1% in January, making it Europe’s largest stockexchange.
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Cboe BIDS Europe, Cboe’s European block trading platform, hada 36% share of the large in-scale market, making it the largestplatform of its type for the tenth consecutive month.
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Cboe EuropeDerivatives traded 3,824 contracts, a record monthly figure andbeating the previous high of 3,647 contracts in December 2022.
Inresponse to a global interest in its products, Cboe offers extendedGTH so that traders from all over the world can participate in optionstrading. The chart below depicts adjusted trading hours in London,Hong Kong and Sydney.
Global trading hours (GTH)regime began on April 25, 2022, and incorporates a brief “curbtrading session,” a time period following regular trading hourswhere market participants can adjust, unwind, or close trades. Therules for the curb session are:
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All electronictrading between 4:15 PM and 5:00 PM Eastern Time (ET) Monday throughFriday.
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Limited to SPX andXSP options only.
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SPX FLEXoptions can be initiated.
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Activity during the Curb session will have the same Trade Dateas the preceding RTH session.
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Maximizes the time overlap with related futurescontracts.
Cboe’s extended GTH hours now allow traders to promptly reactto global macroeconomic events, economic report announcements, andgeopolitical risks regardless of where traders are located around theworld. Additionally, SPX and XSP options can grant a list of benefitsto users, including better tax treatment and a European settlementstyle.
Find outhow you can join the world’s largest options trading community here .
This article was originally published onBenzinga here .
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