Buckle up, because the latest trading volume reports from Cboe Global Markets are nothing short of astonishing – revealing explosive growth that could reshape how we view global markets in 2025 and beyond. But what does this mean for everyday investors and the economy as a whole? Let's dive in and unpack it all, step by step, so even beginners can follow along.
Cboe Global Markets Announces October 2025 Trading Activity Figures
Cboe Global Markets Announces October 2025 Trading Activity Figures
November 05, 2025
/PRNewswire/ -- Leading the pack as the world's premier network for derivatives and securities trading, Cboe Global Markets, Inc. (Cboe: CBOE), has just unveiled its monthly trading activity details for October across its worldwide operations.
For a comprehensive breakdown, check out the detailed report titled 'Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report' (available at https://edge.prnewswire.com/c/link/?t=0&l=en&o=4551064-1&h=1008962553&u=http%3A%2F%2Fmarkets.cboe.com%2Fus%2Foptions%2Fmarketstatistics%2Fmonthlyvolumerpcreports%2F&a=Cboe+Global+Markets+Monthly+Volume+%26+RPC%2FNet+Revenue+Capture+Report). This document provides an in-depth look at key October statistics, including market dominance by segment, activity in specific index-based products, and revenue per contract (RPC) or net capture figures, all lagged by one month across different business areas.
To clarify a bit for newcomers: Average Daily Trading Volume (ADV) simply measures the typical number of trades happening each day in a given period. It's a handy benchmark for spotting trends, like whether markets are heating up or cooling down. Here's a snapshot of the ADV figures, broken down by category, with comparisons to previous periods.
Average Daily Trading Volume (ADV) Breakdown by Period
Year-to-Date
Oct
2025
Oct
2024
%
Chg
Sep
2025
%
Chg
Oct
2025
Oct
2024
%
Chg
Options on multiple stocks (contracts, in thousands)
15,892
10,793
47.2%
15,273
4.1%
13,601
10,610
28.2%
Options tied to indexes (contracts, in thousands)
5,511
3,976
38.6%
5,250
5.0%
4,856
4,097
18.5%
Futures contracts (contracts, in thousands)¹
259
187
38.6%
207
25.2%
227
243
-6.5%
U.S. Stock Trades - On-Exchange (matched shares, in millions)
2,020
1,289
56.7%
1,703
18.6%
1,789
1,360
31.5%
U.S. Stock Trades - Off-Exchange (matched shares, in millions)
227
77
195.0%
240
-5.5%
150
78
91.3%
Canadian Stocks (matched shares, in thousands)
211,986
158,622
33.6%
192,599
10.1%
163,623
145,790
12.2%
European Stocks (€, in millions)
13,192
10,534
25.2%
11,789
11.9%
13,060
9,681
34.9%
Australian Stocks (AUD, in millions)
1,130
777
45.4%
1,046
8.0%
945
788
20.0%
Global Foreign Exchange ($, in millions)
55,134
44,373
24.3%
52,429
5.2%
52,857
46,805
12.9%
Cboe Clear Europe Cleared Transactions (in thousands)
125,392
117,528
6.7%
107,956
16.2%
1,267,693
1,017,755
24.6%
Cboe Clear Europe Net Settlements (in thousands)
1,305
1,042
25.2%
1,191
9.6%
11,337
9,278
22.2%
¹Note: In the second quarter of 2025, digital futures products moved over to the Cboe Futures Exchange. So, futures stats before that quarter don't include those digital items.
And this is the part most people miss – the sheer scale of these numbers! For instance, multi-listed options saw a massive 47.2% jump year-over-year in October 2025, which for beginners means traders were betting on a wider variety of stocks than ever, potentially reflecting heightened market excitement or uncertainty.
Key Takeaways from October 2025 Trading Activity
U.S. Options Market Buzz
Across Cboe's quartet of options exchanges, total activity hit an all-time monthly high in October, averaging 21.4 million contracts per day. This was fueled by record-breaking performance in multi-list options (averaging 15.9 million) and Cboe's own index options (averaging 5.5 million).
Specifically, trades in S&P 500 Index (SPX) options smashed multiple records that month, including:
- A fresh monthly ADV record of 4.4 million contracts.
- A new monthly ADV high for zero-days-to-expiry (0DTE) options at 2.7 million contracts – and for those just starting out, 0DTE options are short-term bets that expire the same day, often used for quick market moves.
- A single-day peak of 6.4 million contracts, achieved on October 10.
But here's where it gets controversial: These soaring volumes in options, especially the ultra-short 0DTE ones, could be seen as a sign of savvy hedging against volatility – or, on the flip side, as reckless speculation that might amplify market swings. What do you think: Is this innovation or a ticking time bomb for stability?
A Quick Intro to Cboe Global Markets
As the top player in global derivatives and securities trading, Cboe Global Markets (Cboe: CBOE) offers advanced platforms for trading, clearing, and investing, serving folks worldwide. We specialize in a range of assets like stocks, derivatives, and foreign exchange, operating across North America, Europe, and Asia Pacific. Our mission? To foster a reliable, welcoming international marketplace where everyone can work toward long-term financial success. For more details, head over to www.cboe.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4551064-1&h=3757947208&u=http%3A%2F%2Fwww.cboe.com%2F&a=www.cboe.com).
Media and Analyst Point Persons
Cboe Media Contacts
Cboe Analyst Contact
Angela Tu
Tim Cave
Kenneth Hill, CFA
+1-646-856-8734
+44 (0) 7593-506-719
+1-312-786-7559
atu@cboe.com
tcave@cboe.com
khill@cboe.com
CBOE-V
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This isn't an invitation to buy or sell securities or futures where that would violate local laws. It also doesn't provide tax, legal, or investment guidance. Always seek advice from professionals tailored to your situation.
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Options come with risks and aren't for everyone. Before trading, read the 'Characteristics and Risks of Standardized Options' document (available at https://edge.prnewswire.com/c/link/?t=0&l=en&o=4551064-1&h=3562244065&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4158054-1%26h%3D1324252856%26u%3Dhttps%253A%252F%252Fwww.theocc.com%252FCompany-Information%252FDocuments-and-Archives%252FPublications%26a%3DCharacteristics%2Band%2BRisks%2Bof%2BStandardized%2BOptions%2B(ODD)&a=Characteristics+and+Risks+of+Standardized+Options+(ODD)). Your broker or The Options Clearing Corporation (125 S. Franklin Street, Suite 1200, Chicago, IL 60606) can provide copies.
To see the full original announcement and download related media: https://www.prnewswire.com/news-releases/cboe-global-markets-reports-trading-volume-for-october-2025-302606164.html
SOURCE Cboe Global Markets, Inc.
With these eye-popping figures, it's clear the trading landscape is evolving rapidly. But does this explosive growth in options trading herald a new era of financial opportunity, or is it a warning sign of over-speculation that could lead to instability? For example, some experts argue that the rise in 0DTE options democratizes quick bets for retail traders, while others fear it fuels short-term volatility that hurts long-term investors. What's your take – are we witnessing innovation or risking a bubble? Drop your opinions in the comments and let's discuss!
