Cboe Global Markets Reports Trading Volume for December and Full Year 2025

Core Insights - Cboe Global Markets reported December and full year 2025 trading volume statistics, highlighting record trading volumes across various segments, including options and equities [1][4]. Trading Volume Highlights - Total volume traded across Cboe's four options exchanges reached 4.6 billion contracts in 2025, with an average daily volume (ADV) of 18.4 million contracts, marking the sixth consecutive record-breaking year [4]. - Multi-listed options accounted for 3.4 billion contracts traded, with an ADV of 13.5 million contracts [4]. - Proprietary index options product suite traded 1.2 billion contracts, achieving an ADV of 4.9 million contracts [4]. - S&P 500 Index (SPX) options traded 970.6 million contracts, with an ADV of 3.9 million contracts, and SPX zero-days-to-expiry (0DTE) options reached an ADV record of 2.3 million contracts, representing 59% of total SPX volume [4]. - Cboe Volatility Index (VIX) options traded 215.6 million contracts, with an ADV of 862 thousand contracts [4]. U.S. Equities Performance - BIDS Trading reported a yearly ADV record of 155 million matched shares, reflecting a 96% increase year-over-year [5]. European Equities and Global FX - Cboe Europe Equities achieved a record yearly average daily notional volume (ADNV) of €12.8 billion and a market share of 25% [9]. - Global FX reported a spot ADNV of $49.7 billion, surpassing the previous year's record of $45.4 billion [9]. Revenue Per Contract Guidance - Projected RPC/net capture metrics for the fourth quarter of 2025 indicate an increase in average revenue per contract across various products, including multi-listed options at $0.075 and index options at $0.937 [8].