Cboe Reports Mixed August Trading Volumes: Index Options Surge, Futures Slump — Cboe Global Markets, Inc.

Event summary

Cboe's mini-SPX (XSP) options set a monthly ADV record of 241,000 contracts in August 2026.
Index options volume rose 17.4% year-over-year, while futures volume dropped 25.3% YoY.
Canadian equities volume increased 13.3% YoY, while U.S. equities volume declined 10% YoY.
Cboe completed the sale of Cboe Australia to TMX Group Limited on July 31, 2026.
Global FX volume grew 14.1% year-over-year.

The big picture

Cboe's August trading volumes reveal a mixed performance across its global business lines, with strong growth in index options and FX trading offset by declines in futures and U.S. equities. The completion of the Cboe Australia sale marks a strategic shift in Cboe's portfolio focus, as the company continues to navigate regional market dynamics and product innovation in the derivatives space. The record volume in mini-SPX options highlights the importance of niche products in driving growth amid broader market volatility.

What we're watching

Product Differentiation: How Cboe's record mini-SPX options volume will affect its competitive positioning in the derivatives market.
Regional Strategy: Whether Cboe can offset declining U.S. equities volume with growth in Canadian and European markets.
Portfolio Optimization: The pace at which Cboe can integrate the divestiture of Cboe Australia and focus on core business lines.