U.S. Options Volume on Track for Seventh Consecutive Record Year
The U.S. options market is expected to set a record for the seventh consecutive year, driven by strong demand and rising daily volumes that have already surpassed previous averages. Cboe Global Markets (CBOE) and Nasdaq (NDAQ), two major exchange operators, are benefiting from this trend with significant revenue growth in their derivatives businesses. In Q2 2026, Cboe reported a record $732 million in net revenue, up 25% year-over-year, fueled by strong index options trading. Nasdaq also saw robust performance, generating $1.5 billion in net revenue with U.S. equity and index options volumes hitting new highs. Both exchanges are expanding their offerings to include innovative products like prediction markets and extended trading hours. With average daily volume reaching nearly 71 million contracts through Q2 of this year—up from around 61 million in the previous record-setting year—the momentum is expected to continue, potentially boosting revenue for both companies.
Topics: derivatives market growth exchange performance options trading