Company releases · Updated 2026-10-16

Ottavi Research · Exchanges, brokerages & crypto

Exchange & Brokerage Monitor

Name: Exchange & Brokerage Monitor
Creator: Mike Lamothe

Monthly and quarterly operating metrics from listed exchanges, brokerages and crypto venues, taken from each company's own releases and filings.

By Mike Lamothe, Founder, Ottavi

Metrics Tracker

Data through Sep 2026

Click a company to open its metrics, and a metric for its history. Each change compares like-for-like periods: the same months of the prior quarter and of the prior year, with the months compared shown under each figure. Balances compare month-ends. If either side is missing a month, the change is left blank rather than comparing unequal periods. Market shares change in percentage points.

Metrics

› CME GroupExchange
Sep 2026Oct 2
3Q26 Oct 2111 of 11

Quarter-end releases list asset classes for the quarter; missing months are backed out of the quarterly figure (marked Derived).

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Agricultural ADV	3Q26 · Jul–Sep ’26	2.0m contracts/day	−1.6%Jul–Sep ’26 vs Apr–Jun ’26	+19.6%vs Jul–Sep ’25
BrokerTec notional ADV	3Q26 · Jul–Sep ’26	1,083.3$bn/day	+1.7%Jul–Sep ’26 vs Apr–Jun ’26	–vs Jul–Sep ’25
Crypto notional ADV	3Q26 · Jul–Sep ’26	10.3$bn/day	−23.5%Jul–Sep ’26 vs Apr–Jun ’26	−26.8%vs Jul–Sep ’25
Crypto ADV	3Q26 · Jul–Sep ’26	0.20m contracts/day	−21.9%Jul–Sep ’26 vs Apr–Jun ’26	−42.7%vs Jul–Sep ’25
Energy ADV	3Q26 · Jul–Sep ’26	2.7m contracts/day	−1.2%Jul–Sep ’26 vs Apr–Jun ’26	+15.9%vs Jul–Sep ’25
Equity-index ADV	3Q26 · Jul–Sep ’26	7.7m contracts/day	−10.8%Jul–Sep ’26 vs Apr–Jun ’26	+22.9%vs Jul–Sep ’25
FX ADV	3Q26 · Jul–Sep ’26	1.0m contracts/day	−1.1%Jul–Sep ’26 vs Apr–Jun ’26	+16.8%vs Jul–Sep ’25
International ADV	3Q26 · Jul–Sep ’26	9.0m contracts/day	–Jul–Sep ’26 vs Apr–Jun ’26	–vs Jul–Sep ’25
Metals ADV	3Q26 · Jul–Sep ’26	0.9m contracts/day	−1.2%Jul–Sep ’26 vs Apr–Jun ’26	+12.8%vs Jul–Sep ’25
Interest-rate ADV	3Q26 · Jul–Sep ’26	15.2m contracts/day	+3.9%Jul–Sep ’26 vs Apr–Jun ’26	+12.9%vs Jul–Sep ’25
Total ADV	3Q26 · Jul–Sep ’26	29.5m contracts/day	−1.3%Jul–Sep ’26 vs Apr–Jun ’26	+16.3%vs Jul–Sep ’25

› Intercontinental ExchangeExchange
Sep 2026Oct 5
3Q26 Oct 2923 of 23

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Ags & metals ADV	3Q26 · Jul–Sep ’26	0.60m contracts/day	−3.0%Jul–Sep ’26 vs Apr–Jun ’26	+57.6%vs Jul–Sep ’25
Ags & metals RPC (3-mo avg)	3Q26 · Sep-26 month-end	2.180$/contract	−3.1%Sep-26 vs Jun-26	+2.8%vs Sep-25
Commodities ADV	3Q26 · Jul–Sep ’26	5.6m contracts/day	+11.8%Jul–Sep ’26 vs Apr–Jun ’26	+21.0%vs Jul–Sep ’25
Commodities open interest	3Q26 · Sep-26 month-end	71.1m contracts	−1.1%Sep-26 vs Jun-26	+5.9%vs Sep-25
Commodities RPC (3-mo avg)	3Q26 · Sep-26 month-end	1.920$/contract	−1.5%Sep-26 vs Jun-26	+6.7%vs Sep-25
Futures & options ADV	3Q26 · Jul–Sep ’26	10.5m contracts/day	+4.6%Jul–Sep ’26 vs Apr–Jun ’26	+30.8%vs Jul–Sep ’25
Energy ADV	3Q26 · Jul–Sep ’26	5.0m contracts/day	+13.8%Jul–Sep ’26 vs Apr–Jun ’26	+17.7%vs Jul–Sep ’25
Brent ADV	3Q26 · Jul–Sep ’26	1.8m contracts/day	+9.0%Jul–Sep ’26 vs Apr–Jun ’26	+37.8%vs Jul–Sep ’25
Natural gas ADV	3Q26 · Jul–Sep ’26	1.8m contracts/day	+15.7%Jul–Sep ’26 vs Apr–Jun ’26	+16.7%vs Jul–Sep ’25
Energy RPC (3-mo avg)	3Q26 · Sep-26 month-end	1.880$/contract	−1.1%Sep-26 vs Jun-26	+5.6%vs Sep-25
Financials ADV	3Q26 · Jul–Sep ’26	4.9m contracts/day	−2.6%Jul–Sep ’26 vs Apr–Jun ’26	+44.2%vs Jul–Sep ’25
Financials open interest	3Q26 · Sep-26 month-end	44.4m contracts	−3.9%Sep-26 vs Jun-26	+26.7%vs Sep-25
Financials RPC (3-mo avg)	3Q26 · Sep-26 month-end	0.580$/contract	−4.9%Sep-26 vs Jun-26	−6.5%vs Sep-25
Short-term rates ADV	3Q26 · Jul–Sep ’26	4.2m contracts/day	−1.5%Jul–Sep ’26 vs Apr–Jun ’26	+51.4%vs Jul–Sep ’25
Interest-rate RPC (3-mo avg)	3Q26 · Sep-26 month-end	0.500$/contract	0.0%Sep-26 vs Jun-26	0.0%vs Sep-25
US cash equities handled ADV (incl. routed)	3Q26 · Jul–Sep ’26	3,321.0m shares/day	−18.9%Jul–Sep ’26 vs Apr–Jun ’26	−2.2%vs Jul–Sep ’25
US cash equities share	3Q26 · Jul–Sep ’26	19.3%	−0.6ppJul–Sep ’26 vs Apr–Jun ’26	+0.3ppvs Jul–Sep ’25
US equities matched ADV	3Q26 · Jul–Sep ’26	3.3bn shares/day	−18.8%Jul–Sep ’26 vs Apr–Jun ’26	−2.0%vs Jul–Sep ’25
US equities matched ADV, NYSE-listed (Tape A)	3Q26 · Jul–Sep ’26	1,550.3m shares/day	−10.9%Jul–Sep ’26 vs Apr–Jun ’26	+4.6%vs Jul–Sep ’25
US equities matched ADV, Arca/American-listed (Tape B)	3Q26 · Jul–Sep ’26	644.3m shares/day	−21.3%Jul–Sep ’26 vs Apr–Jun ’26	+1.0%vs Jul–Sep ’25
US equities matched ADV, Nasdaq-listed (Tape C)	3Q26 · Jul–Sep ’26	1,068.7m shares/day	−26.9%Jul–Sep ’26 vs Apr–Jun ’26	−11.6%vs Jul–Sep ’25
NYSE equity options ADV	3Q26 · Jul–Sep ’26	13.7m contracts/day	−2.7%Jul–Sep ’26 vs Apr–Jun ’26	+28.6%vs Jul–Sep ’25
US equity options share	3Q26 · Jul–Sep ’26	21.5%	+0.3ppJul–Sep ’26 vs Apr–Jun ’26	+2.3ppvs Jul–Sep ’25

› Cboe Global MarketsExchange
Sep 2026Oct 5
3Q26 Oct 3023 of 23

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
US trading days	3Q26 · Jul–Sep ’26	64.0days	+3.2%Jul–Sep ’26 vs Apr–Jun ’26	0.0%vs Jul–Sep ’25
European equities notional ADV	3Q26 · Jul–Sep ’26	12.4€bn/day	−19.9%Jul–Sep ’26 vs Apr–Jun ’26	+6.4%vs Jul–Sep ’25
European equities share	3Q26 · Jul–Sep ’26	22.9%	−1.5ppJul–Sep ’26 vs Apr–Jun ’26	−2.4ppvs Jul–Sep ’25
European equities net capture (3-mo avg)	3Q26 · Aug-26 month-end	0.3bps	+0.3%Aug-26 vs May-26	−2.1%vs Aug-25
Futures ADV	3Q26 · Jul–Sep ’26	0.19m contracts/day	−15.9%Jul–Sep ’26 vs Apr–Jun ’26	−7.0%vs Jul–Sep ’25
VIX futures ADV	3Q26 · Jul–Sep ’26	0.18m contracts/day	−15.8%Jul–Sep ’26 vs Apr–Jun ’26	−8.4%vs Jul–Sep ’25
Futures RPC (3-mo avg)	3Q26 · Aug-26 month-end	1.700$/contract	+3.3%Aug-26 vs May-26	−1.3%vs Aug-25
Global FX notional ADV	3Q26 · Jul–Sep ’26	61.0$bn/day	+0.8%Jul–Sep ’26 vs Apr–Jun ’26	+22.3%vs Jul–Sep ’25
FX net capture (3-mo avg)	3Q26 · Aug-26 month-end	2.9$ per $1m	+1.5%Aug-26 vs May-26	+2.3%vs Aug-25
Options ADV	3Q26 · Jul–Sep ’26	21.3m contracts/day	−2.4%Jul–Sep ’26 vs Apr–Jun ’26	+13.5%vs Jul–Sep ’25
Options market share	3Q26 · Jul–Sep ’26	30.5%	+0.5ppJul–Sep ’26 vs Apr–Jun ’26	−0.4ppvs Jul–Sep ’25
Options RPC (3-mo avg)	3Q26 · Aug-26 month-end	0.304$/contract	−9.1%Aug-26 vs May-26	+5.3%vs Aug-25
Index options ADV	3Q26 · Jul–Sep ’26	6.1m contracts/day	−2.5%Jul–Sep ’26 vs Apr–Jun ’26	+24.2%vs Jul–Sep ’25
SPX options ADV	3Q26 · Jul–Sep ’26	4.9m contracts/day	−4.0%Jul–Sep ’26 vs Apr–Jun ’26	+26.1%vs Jul–Sep ’25
VIX options ADV	3Q26 · Jul–Sep ’26	0.79m contracts/day	−1.1%Jul–Sep ’26 vs Apr–Jun ’26	+3.3%vs Jul–Sep ’25
Index options share	3Q26 · Jul–Sep ’26	98.4%	+0.3ppJul–Sep ’26 vs Apr–Jun ’26	+0.3ppvs Jul–Sep ’25
Index options RPC (3-mo avg)	3Q26 · Aug-26 month-end	0.955$/contract	+1.4%Aug-26 vs May-26	+3.3%vs Aug-25
Multi-listed options ADV	3Q26 · Jul–Sep ’26	15.3m contracts/day	−2.4%Jul–Sep ’26 vs Apr–Jun ’26	+9.7%vs Jul–Sep ’25
Multi-listed options share	3Q26 · Jul–Sep ’26	24.0%	+0.4ppJul–Sep ’26 vs Apr–Jun ’26	−0.9ppvs Jul–Sep ’25
Multi-listed options RPC (3-mo avg)	3Q26 · Aug-26 month-end	0.054$/contract	−25.0%Aug-26 vs May-26	−4.9%vs Aug-25
US equities matched ADV	3Q26 · Jul–Sep ’26	1.5bn shares/day	−20.8%Jul–Sep ’26 vs Apr–Jun ’26	−12.4%vs Jul–Sep ’25
US equities share	3Q26 · Jul–Sep ’26	8.9%	−0.5ppJul–Sep ’26 vs Apr–Jun ’26	−0.9ppvs Jul–Sep ’25
US equities net capture (3-mo avg)	3Q26 · Aug-26 month-end	0.0202$/100 shares	+10.8%Aug-26 vs May-26	+50.0%vs Aug-25

› NasdaqExchange
Sep 2026Oct 7
3Q26 Oct 2222 of 22

From Nasdaq's Monthly Reporting Sheet (downloaded by hand: its IR site blocks scripts). Volumes are monthly; market share, revenue capture, index AUM and listings are quarterly.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
European equities revenue capturequarterly	3Q26 · reported	0.12$ per $1,000 traded	0.0%3Q26 vs 2Q26	−7.7%vs 3Q25
European equities sharequarterly	3Q26 · reported	75.0%	+0.5pp3Q26 vs 2Q26	+2.2ppvs 3Q25
European equity value traded	3Q26 · Jul–Sep ’26	260.3$bn	−6.4%Jul–Sep ’26 vs Apr–Jun ’26	+21.1%vs Jul–Sep ’25
European derivatives revenue capturequarterly	3Q26 · reported	0.65$/contract	−3.0%3Q26 vs 2Q26	+20.4%vs 3Q25
European options & futures volume	3Q26 · Jul–Sep ’26	12.8m contracts	−3.8%Jul–Sep ’26 vs Apr–Jun ’26	−15.8%vs Jul–Sep ’25
ETP AUM tracking Nasdaq indexesquarterly	3Q26 · reported	1,160.0$bn	+4.1%3Q26 vs 2Q26	+39.9%vs 3Q25
Average ETP AUM tracking Nasdaq indexesquarterly	3Q26 · reported	1,108.0$bn	+9.3%3Q26 vs 2Q26	+42.6%vs 3Q25
Index futures & options volumequarterly	3Q26 · reported	208.9m contracts	+5.1%3Q26 vs 2Q26	+69.6%vs 3Q25
Companies listed, Nordic & Balticquarterly	3Q26 · reported	1,103.0companies	−0.5%3Q26 vs 2Q26	−2.6%vs 3Q25
Total listed companiesquarterly	3Q26 · reported	4,537.0companies	+0.3%3Q26 vs 2Q26	+1.0%vs 3Q25
Companies listed on Nasdaq (US)quarterly	3Q26 · reported	3,434.0companies	+0.5%3Q26 vs 2Q26	+2.2%vs 3Q25
ETPs listed on Nasdaq (US)quarterly	3Q26 · reported	1,292.0ETPs	+3.9%3Q26 vs 2Q26	+29.2%vs 3Q25
Total listingsquarterly	3Q26 · reported	5,829.0listings	+1.1%3Q26 vs 2Q26	+6.1%vs 3Q25
US equities revenue capturequarterly	3Q26 · reported	0.72$ per 1,000 shares	+4.3%3Q26 vs 2Q26	+16.1%vs 3Q25
Industry on-exchange share of US volumequarterly	3Q26 · reported	49.6%	−1.6pp3Q26 vs 2Q26	+0.8ppvs 3Q25
US equities share of on-exchange volumequarterly	3Q26 · reported	29.3%	+0.5pp3Q26 vs 2Q26	+0.4ppvs 3Q25
US equities share of total volumequarterly	3Q26 · reported	14.5%	−0.2pp3Q26 vs 2Q26	+0.4ppvs 3Q25
US equities matched ADV	3Q26 · Jul–Sep ’26	2.5bn shares/day	−17.3%Jul–Sep ’26 vs Apr–Jun ’26	−0.8%vs Jul–Sep ’25
US equities matched volume	3Q26 · Jul–Sep ’26	157.5bn shares	−14.6%Jul–Sep ’26 vs Apr–Jun ’26	−0.7%vs Jul–Sep ’25
US options revenue capturequarterly	3Q26 · reported	0.09$/contract	−10.0%3Q26 vs 2Q26	−25.0%vs 3Q25
US equity options sharequarterly	3Q26 · reported	28.1%	−1.0pp3Q26 vs 2Q26	−0.4ppvs 3Q25
US equity options volume	3Q26 · Jul–Sep ’26	1,149.0m contracts	−4.2%Jul–Sep ’26 vs Apr–Jun ’26	+12.9%vs Jul–Sep ’25

› MIAXExchange
Sep 2026Oct 6
3Q26 Oct 298 of 8

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Futures ADV, agricultural	3Q26 · Jul–Sep ’26	11.4k contracts/day	−11.6%Jul–Sep ’26 vs Apr–Jun ’26	+42.0%vs Jul–Sep ’25
Futures ADV, financial	3Q26 · Jul–Sep ’26	2.7k contracts/day	–Jul–Sep ’26 vs Apr–Jun ’26	–vs Jul–Sep ’25
US equities industry ADV (market)	3Q26 · Jul–Sep ’26	16,934.7m shares/day	−16.2%Jul–Sep ’26 vs Apr–Jun ’26	−3.6%vs Jul–Sep ’25
US equity options industry ADV (market)	3Q26 · Jul–Sep ’26	63.8m contracts/day	−4.1%Jul–Sep ’26 vs Apr–Jun ’26	+14.1%vs Jul–Sep ’25
Options ADV	3Q26 · Jul–Sep ’26	11.1m contracts/day	+0.9%Jul–Sep ’26 vs Apr–Jun ’26	+15.0%vs Jul–Sep ’25
Options market share	3Q26 · Jul–Sep ’26	17.4%	+0.9ppJul–Sep ’26 vs Apr–Jun ’26	+0.2ppvs Jul–Sep ’25
MIAX Pearl equities ADV	3Q26 · Jul–Sep ’26	110.7m shares/day	−40.4%Jul–Sep ’26 vs Apr–Jun ’26	−41.2%vs Jul–Sep ’25
MIAX Pearl equities share	3Q26 · Jul–Sep ’26	0.7%	−0.3ppJul–Sep ’26 vs Apr–Jun ’26	−0.4ppvs Jul–Sep ’25

› TradewebExchange
Sep 2026Oct 6
3Q26 Oct 2917 of 17

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Credit ADV	3Q26 · Jul–Sep ’26	61.1$bn/day	+42.8%Jul–Sep ’26 vs Apr–Jun ’26	+44.9%vs Jul–Sep ’25
Credit derivatives ADV	3Q26 · Jul–Sep ’26	41.9$bn/day	+79.0%Jul–Sep ’26 vs Apr–Jun ’26	+60.9%vs Jul–Sep ’25
European credit ADV	3Q26 · Jul–Sep ’26	2.7$bn/day	−14.3%Jul–Sep ’26 vs Apr–Jun ’26	+8.5%vs Jul–Sep ’25
Municipal bonds ADV	3Q26 · Jul–Sep ’26	0.6$bn/day	+26.2%Jul–Sep ’26 vs Apr–Jun ’26	+10.0%vs Jul–Sep ’25
US high-grade ADV (fully electronic)	3Q26 · Jul–Sep ’26	8.8$bn/day	+1.5%Jul–Sep ’26 vs Apr–Jun ’26	+28.2%vs Jul–Sep ’25
US high-yield ADV (fully electronic)	3Q26 · Jul–Sep ’26	1.0$bn/day	−18.2%Jul–Sep ’26 vs Apr–Jun ’26	+6.3%vs Jul–Sep ’25
Equities ADV	3Q26 · Jul–Sep ’26	29.8$bn/day	−7.8%Jul–Sep ’26 vs Apr–Jun ’26	+14.0%vs Jul–Sep ’25
US ETF ADV	3Q26 · Jul–Sep ’26	11.3$bn/day	−1.2%Jul–Sep ’26 vs Apr–Jun ’26	+29.4%vs Jul–Sep ’25
Money markets ADV	3Q26 · Jul–Sep ’26	1,114.2$bn/day	−4.1%Jul–Sep ’26 vs Apr–Jun ’26	+6.0%vs Jul–Sep ’25
Repo ADV	3Q26 · Jul–Sep ’26	838.8$bn/day	−5.2%Jul–Sep ’26 vs Apr–Jun ’26	+7.6%vs Jul–Sep ’25
Rates ADV	3Q26 · Jul–Sep ’26	1,949.6$bn/day	+9.8%Jul–Sep ’26 vs Apr–Jun ’26	+33.7%vs Jul–Sep ’25
Rates derivatives ADV	3Q26 · Jul–Sep ’26	1,346.1$bn/day	+14.2%Jul–Sep ’26 vs Apr–Jun ’26	+45.8%vs Jul–Sep ’25
European government bonds ADV	3Q26 · Jul–Sep ’26	65.6$bn/day	+1.9%Jul–Sep ’26 vs Apr–Jun ’26	+24.5%vs Jul–Sep ’25
Mortgages ADV	3Q26 · Jul–Sep ’26	240.4$bn/day	−5.5%Jul–Sep ’26 vs Apr–Jun ’26	−3.7%vs Jul–Sep ’25
Swaps/swaptions ≥1Y ADV	3Q26 · Jul–Sep ’26	680.5$bn/day	+7.1%Jul–Sep ’26 vs Apr–Jun ’26	+42.3%vs Jul–Sep ’25
US Treasuries ADV	3Q26 · Jul–Sep ’26	283.4$bn/day	+7.4%Jul–Sep ’26 vs Apr–Jun ’26	+28.0%vs Jul–Sep ’25
Total ADV	3Q26 · Jul–Sep ’26	3,154.7$bn/day	+4.7%Jul–Sep ’26 vs Apr–Jun ’26	+22.4%vs Jul–Sep ’25

› MarketAxessExchange
Jun 2026Jul 7
3Q26 not announced18 of 18

No volume release since June/2Q26 (Jul 7). ICE agreed to buy MarketAxess in Aug 2026; volume reporting may have stopped pending the deal.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Credit ADV	2Q26 · Apr–Jun ’26	16.9$bn/day	−9.3%Apr–Jun ’26 vs Jan–Mar ’26	+0.4%vs Apr–Jun ’25
US high-grade ADV	2Q26 · Apr–Jun ’26	7.4$bn/day	−10.9%Apr–Jun ’26 vs Jan–Mar ’26	−3.9%vs Apr–Jun ’25
US high-yield ADV	2Q26 · Apr–Jun ’26	1.6$bn/day	−4.7%Apr–Jun ’26 vs Jan–Mar ’26	−7.7%vs Apr–Jun ’25
Open Trading share of credit volume	2Q26 · Apr–Jun ’26	37.7%	0.0ppApr–Jun ’26 vs Jan–Mar ’26	+1.7ppvs Apr–Jun ’25
US high-grade share of TRACE (computed, excl. single-dealer portfolio trades)computed	2Q26 · Apr–Jun ’26	16.4%	−0.6ppApr–Jun ’26 vs Jan–Mar ’26	−3.0ppvs Apr–Jun ’25
Credit volume	2Q26 · Apr–Jun ’26	1,042.1$bn	−8.8%Apr–Jun ’26 vs Jan–Mar ’26	+0.6%vs Apr–Jun ’25
Emerging markets volume	2Q26 · Apr–Jun ’26	279.0$bn	−10.6%Apr–Jun ’26 vs Jan–Mar ’26	+12.0%vs Apr–Jun ’25
Eurobonds volume	2Q26 · Apr–Jun ’26	164.6$bn	−7.6%Apr–Jun ’26 vs Jan–Mar ’26	+2.3%vs Apr–Jun ’25
Municipal bonds volume	2Q26 · Apr–Jun ’26	40.7$bn	+1.3%Apr–Jun ’26 vs Jan–Mar ’26	+2.1%vs Apr–Jun ’25
US high-grade volume	2Q26 · Apr–Jun ’26	461.1$bn	−9.9%Apr–Jun ’26 vs Jan–Mar ’26	−4.2%vs Apr–Jun ’25
US high-yield volume	2Q26 · Apr–Jun ’26	96.7$bn	−3.7%Apr–Jun ’26 vs Jan–Mar ’26	−7.8%vs Apr–Jun ’25
TRACE US high-grade ADV (market)	2Q26 · Apr–Jun ’26	45.3$bn/day	−7.4%Apr–Jun ’26 vs Jan–Mar ’26	+13.5%vs Apr–Jun ’25
TRACE US high-yield ADV (market)	2Q26 · Apr–Jun ’26	12.9$bn/day	−5.0%Apr–Jun ’26 vs Jan–Mar ’26	−3.2%vs Apr–Jun ’25
TRACE US high-grade volume (market)	2Q26 · Apr–Jun ’26	2,808.9$bn	−6.2%Apr–Jun ’26 vs Jan–Mar ’26	+13.2%vs Apr–Jun ’25
TRACE US high-yield volume (market)	2Q26 · Apr–Jun ’26	797.2$bn	−3.5%Apr–Jun ’26 vs Jan–Mar ’26	−3.3%vs Apr–Jun ’25
Rates volume	2Q26 · Apr–Jun ’26	1,654.8$bn	−13.1%Apr–Jun ’26 vs Jan–Mar ’26	−17.0%vs Apr–Jun ’25
Total ADV	2Q26 · Apr–Jun ’26	43.6$bn/day	−12.1%Apr–Jun ’26 vs Jan–Mar ’26	−10.9%vs Apr–Jun ’25
Total volume	2Q26 · Apr–Jun ’26	2,696.9$bn	−11.5%Apr–Jun ’26 vs Jan–Mar ’26	−11.0%vs Apr–Jun ’25

› RobinhoodBrokerage
Aug 2026Sep 10
3Q26 Oct 2723 of 23

Robinhood skips a release for quarter-end months; those come from the next release's prior-month column or its quarterly results. DARTs (to Feb 2026) and DATs (from 2026) are different measures, kept as separate series.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Net deposits	3Q26 · Jul–Aug ’26	9.6$bn	−17.2%Jul–Aug ’26 vs Apr–May ’26	−14.3%vs Jul–Aug ’25
Platform assets	3Q26 · Aug-26 month-end	383.7$bn	+1.8%Aug-26 vs May-26	+26.3%vs Aug-25
Cash and deposits	3Q26 · Aug-26 month-end	19.6$bn	+5.4%Aug-26 vs May-26	+37.1%vs Aug-25
Cash sweep	3Q26 · Aug-26 month-end	31.2$bn	+8.3%Aug-26 vs May-26	−8.5%vs Aug-25
Margin book	3Q26 · Aug-26 month-end	21.5$bn	+10.3%Aug-26 vs May-26	+72.0%vs Aug-25
Crypto DARTs (to Feb 2026)	1Q26 · Jan–Feb ’26	0.5m	−16.7%Jan–Feb ’26 vs Oct–Nov ’25	−37.5%vs Jan–Feb ’25
Crypto daily average trades	3Q26 · Jul–Aug ’26	0.6m	0.0%Jul–Aug ’26 vs Apr–May ’26	−38.1%vs Jul–Aug ’25
Crypto notional ADV	3Q26 · Jul–Aug ’26	458.5$m/day	+16.1%Jul–Aug ’26 vs Apr–May ’26	−49.9%vs Jul–Aug ’25
Crypto notional volume	3Q26 · Jul–Aug ’26	28.4$bn	+17.8%Jul–Aug ’26 vs Apr–May ’26	−50.0%vs Jul–Aug ’25
Crypto notional volume (app)	3Q26 · Jul–Aug ’26	11.7$bn	+3.5%Jul–Aug ’26 vs Apr–May ’26	−61.6%vs Jul–Aug ’25
Crypto notional volume (Bitstamp)	3Q26 · Jul–Aug ’26	16.7$bn	+30.5%Jul–Aug ’26 vs Apr–May ’26	−36.5%vs Jul–Aug ’25
Funded customers	3Q26 · Aug-26 month-end	28.6m	+3.2%Aug-26 vs May-26	+7.1%vs Aug-25
Equity DARTs (to Feb 2026)	1Q26 · Jan–Feb ’26	2.7m	−6.9%Jan–Feb ’26 vs Oct–Nov ’25	+8.0%vs Jan–Feb ’25
Equity daily average trades	3Q26 · Jul–Aug ’26	4.8m	+8.0%Jul–Aug ’26 vs Apr–May ’26	+30.1%vs Jul–Aug ’25
Equity notional ADV	3Q26 · Jul–Aug ’26	15.6$bn/day	+12.7%Jul–Aug ’26 vs Apr–May ’26	+62.0%vs Jul–Aug ’25
Equity notional volume	3Q26 · Jul–Aug ’26	668.2$bn	+18.5%Jul–Aug ’26 vs Apr–May ’26	+63.7%vs Jul–Aug ’25
Event contracts	3Q26 · Jul–Aug ’26	10.8bn	+52.1%Jul–Aug ’26 vs Apr–May ’26	+1700.0%vs Jul–Aug ’25
Options contracts ADV	3Q26 · Jul–Aug ’26	14.3m contracts/day	+28.3%Jul–Aug ’26 vs Apr–May ’26	+55.4%vs Jul–Aug ’25
Options contracts	3Q26 · Jul–Aug ’26	616.7m	+35.3%Jul–Aug ’26 vs Apr–May ’26	+57.6%vs Jul–Aug ’25
Options DARTs (to Feb 2026)	1Q26 · Jan–Feb ’26	1.3m	−3.7%Jan–Feb ’26 vs Oct–Nov ’25	+13.0%vs Jan–Feb ’25
Options daily average trades	3Q26 · Jul–Aug ’26	2.1m	+46.4%Jul–Aug ’26 vs Apr–May ’26	+78.3%vs Jul–Aug ’25
Securities lending revenue	3Q26 · Jul–Aug ’26	76.0$m	+11.8%Jul–Aug ’26 vs Apr–May ’26	−33.3%vs Jul–Aug ’25
Trading days	3Q26 · Jul–Aug ’26	43.0days	+4.9%Jul–Aug ’26 vs Apr–May ’26	0.0%vs Jul–Aug ’25

› Charles SchwabBrokerage
Sep 2026Oct 15
3Q26 reported Oct 1514 of 14

From Dec 2025 Schwab's average interest-earning assets exclude margin loans and short credits of certain client long/short strategies; 2025 months are shown on that restated basis where Schwab published it. Margin balances include short credits related to those strategies.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Active brokerage accounts	3Q26 · Sep-26 month-end	40,260.0k	+1.2%Sep-26 vs Jun-26	+6.1%vs Sep-25
New brokerage accounts	3Q26 · Jul–Sep ’26	1,243.0k	−10.4%Jul–Sep ’26 vs Apr–Jun ’26	+8.7%vs Jul–Sep ’25
Client assets	3Q26 · Sep-26 month-end	13,333.2$bn	+1.9%Sep-26 vs Jun-26	+15.0%vs Sep-25
Core net new assets	3Q26 · Jul–Sep ’26	190.4$bn	+58.9%Jul–Sep ’26 vs Apr–Jun ’26	+38.5%vs Jul–Sep ’25
Money market funds	3Q26 · Sep-26 month-end	700.5$bn	+1.2%Sep-26 vs Jun-26	+5.0%vs Sep-25
Net new assets	3Q26 · Jul–Sep ’26	192.4$bn	+62.1%Jul–Sep ’26 vs Apr–Jun ’26	+43.2%vs Jul–Sep ’25
Average interest-earning assets	3Q26 · Jul–Sep ’26	452.1$bn	+1.6%Jul–Sep ’26 vs Apr–Jun ’26	+8.4%vs Jul–Sep ’25
Client cash share of assets	3Q26 · Sep-26 month-end	8.9%	−0.1ppSep-26 vs Jun-26	−0.5ppvs Sep-25
Margin balances	3Q26 · Sep-26 month-end	187.9$bn	+13.8%Sep-26 vs Jun-26	+93.3%vs Sep-25
Transactional sweep cash	3Q26 · Sep-26 month-end	492.8$bn	+1.5%Sep-26 vs Jun-26	+15.8%vs Sep-25
Daily average trades	3Q26 · Jul–Sep ’26	10.7m	−10.5%Jul–Sep ’26 vs Apr–Jun ’26	+43.8%vs Jul–Sep ’25
Derivative trades share of total	3Q26 · Jul–Sep ’26	21.8%	+2.1ppJul–Sep ’26 vs Apr–Jun ’26	−0.3ppvs Jul–Sep ’25
Trading Activity Index (STAX)	3Q26 · Jul–Sep ’26	58.7index	+7.2%Jul–Sep ’26 vs Apr–Jun ’26	+33.9%vs Jul–Sep ’25
Trading days	3Q26 · Jul–Sep ’26	64.0days	+3.2%Jul–Sep ’26 vs Apr–Jun ’26	+0.8%vs Jul–Sep ’25

› Interactive BrokersBrokerage
Sep 2026Oct 1
3Q26 reported Oct 156 of 6

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Client credit balances	3Q26 · Sep-26 month-end	186.2$bn	+2.1%Sep-26 vs Jun-26	+20.3%vs Sep-25
Margin loans	3Q26 · Sep-26 month-end	105.2$bn	−3.0%Sep-26 vs Jun-26	+36.1%vs Sep-25
Client accounts	3Q26 · Sep-26 month-end	5.6m	+7.5%Sep-26 vs Jun-26	+35.1%vs Sep-25
Client equity	3Q26 · Sep-26 month-end	964.7$bn	+3.7%Sep-26 vs Jun-26	+27.4%vs Sep-25
DARTs	3Q26 · Jul–Sep ’26	4.3m	−11.5%Jul–Sep ’26 vs Apr–Jun ’26	+18.1%vs Jul–Sep ’25
Annualized DARTs per account	3Q26 · Jul–Sep ’26	169.0trades	−19.1%Jul–Sep ’26 vs Apr–Jun ’26	−13.2%vs Jul–Sep ’25

› LPL FinancialBrokerage
Aug 2026Sep 24
3Q26 Oct 2710 of 10

LPL skips the release for quarter-end months; those come from the next release's prior-month column.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Advisory assets	3Q26 · Aug-26 month-end	1,582.5$bn	+2.9%Aug-26 vs May-26	+21.0%vs Aug-25
Brokerage assets	3Q26 · Aug-26 month-end	1,019.4$bn	+0.2%Aug-26 vs May-26	+6.7%vs Aug-25
Total client assets	3Q26 · Aug-26 month-end	2,601.9$bn	+1.9%Aug-26 vs May-26	+15.0%vs Aug-25
Bank sweep balances	3Q26 · Aug-26 month-end	52.2$bn	+0.6%Aug-26 vs May-26	+10.6%vs Aug-25
Total client cash balances	3Q26 · Aug-26 month-end	54.4$bn	−0.7%Aug-26 vs May-26	+3.2%vs Aug-25
Brokerage-to-advisory conversions	3Q26 · Jul–Aug ’26	3.6$bn	−16.3%Jul–Aug ’26 vs Apr–May ’26	−20.0%vs Jul–Aug ’25
Net buying	3Q26 · Jul–Aug ’26	28.5$bn	+7.1%Jul–Aug ’26 vs Apr–May ’26	+2.2%vs Jul–Aug ’25
Organic net new assets	3Q26 · Jul–Aug ’26	20.9$bn	+75.6%Jul–Aug ’26 vs Apr–May ’26	−9.9%vs Jul–Aug ’25
Organic net new advisory assets	3Q26 · Jul–Aug ’26	22.7$bn	+33.5%Jul–Aug ’26 vs Apr–May ’26	+17.6%vs Jul–Aug ’25
Total net new assets (incl. acquired)	3Q26 · Jul–Aug ’26	20.9$bn	+75.6%Jul–Aug ’26 vs Apr–May ’26	−93.0%vs Jul–Aug ’25

› eToroBrokerage
Aug 2026Sep 14
3Q26 Nov 108 of 8

eToro publishes monthly metrics once a quarter, for the middle month (Feb, May, Aug, Nov), so the series has gaps by design. Its 2025 July-and-August release gave two-month totals; only its August balances (AuA, funded accounts) are used.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Assets under administration	Aug-26 only	20.2$bn	+0.5%Aug-26 vs May-26	+2.5%vs Aug-25
Interest-earning assets	Aug-26 only	7.1$bn	−1.4%Aug-26 vs May-26	−6.6%vs Aug-25
Funded accounts	Aug-26 only	4.4m	+3.1%Aug-26 vs May-26	+18.2%vs Aug-25
Money transfers	Aug-26 only	1.2$bn	−25.0%Aug-26 vs May-26	+33.3%vs Aug-25
Invested per trade, capital markets	Aug-26 only	197.0$	−2.0%Aug-26 vs May-26	−29.1%vs Aug-25
Invested per trade, crypto	Aug-26 only	97.0$	−52.2%Aug-26 vs May-26	−70.2%vs Aug-25
Trades, capital markets	Aug-26 only	51.7m	−19.2%Aug-26 vs May-26	+31.2%vs Aug-25
Trades, crypto	Aug-26 only	5.3m	+140.9%Aug-26 vs May-26	−3.6%vs Aug-25

› WebullBrokerage
Jun 2026Jul 15
3Q26 not announced11 of 11

Webull publishes a 13-month operating table once a quarter; the latest is June 2026 (July-September data expected with its next table, around mid-October).

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Customer assets	2Q26 · Jun-26 month-end	28.5$bn	+18.8%Jun-26 vs Mar-26	+79.2%vs Jun-25
Net deposits	2Q26 · Apr–Jun ’26	1.6$bn	−23.8%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25
Client bank deposits	2Q26 · Jun-26 month-end	3.9$bn	−0.5%Jun-26 vs Mar-26	+7.3%vs Jun-25
Margin balances	2Q26 · Jun-26 month-end	1.0$bn	+32.0%Jun-26 vs Mar-26	+110.2%vs Jun-25
Funded accounts	2Q26 · Jun-26 month-end	5.1m	0.0%Jun-26 vs Mar-26	+8.5%vs Jun-25
Registered users	2Q26 · Jun-26 month-end	28.2m	+2.2%Jun-26 vs Mar-26	+13.3%vs Jun-25
Equity DARTs	2Q26 · Apr–Jun ’26	1.0m	+28.4%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25
Equity notional volume	2Q26 · Apr–Jun ’26	278.9$bn	+7.1%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25
Options contracts	2Q26 · Apr–Jun ’26	212.8m	+34.1%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25
Options DARTs	2Q26 · Apr–Jun ’26	0.5m	+25.3%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25
Other DARTs	2Q26 · Apr–Jun ’26	0.1m	−1.3%Apr–Jun ’26 vs Jan–Mar ’26	–vs Apr–Jun ’25

› BullishCrypto
Sep 2026Oct 6
3Q26 not announced14 of 14

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
BTC volatility (monthly avg)	3Q26 · Jul–Sep ’26	31.3%	−5.3ppJul–Sep ’26 vs Apr–Jun ’26	+5.3ppvs Jul–Sep ’25
ETH volatility (monthly avg)	3Q26 · Jul–Sep ’26	41.7%	−7.3ppJul–Sep ’26 vs Apr–Jun ’26	−10.3ppvs Jul–Sep ’25
Options spread	3Q26 · Jul–Sep ’26	0.5bps	−65.6%Jul–Sep ’26 vs Apr–Jun ’26	–vs Jul–Sep ’25
Options volume	3Q26 · Jul–Sep ’26	9.0$bn	+2.3%Jul–Sep ’26 vs Apr–Jun ’26	–vs Jul–Sep ’25
Perpetual spread	3Q26 · Jul–Sep ’26	0.4bps	−473.5%Jul–Sep ’26 vs Apr–Jun ’26	−202.4%vs Jul–Sep ’25
Perpetual futures volume	3Q26 · Jul–Sep ’26	5.8$bn	−31.8%Jul–Sep ’26 vs Apr–Jun ’26	−50.8%vs Jul–Sep ’25
Spot spread	3Q26 · Jul–Sep ’26	2.6bps	+4.9%Jul–Sep ’26 vs Apr–Jun ’26	+22.0%vs Jul–Sep ’25
Spot volume	3Q26 · Jul–Sep ’26	107.1$bn	−5.6%Jul–Sep ’26 vs Apr–Jun ’26	−17.9%vs Jul–Sep ’25
BTC spot volume	3Q26 · Jul–Sep ’26	54.2$bn	−16.1%Jul–Sep ’26 vs Apr–Jun ’26	−2.2%vs Jul–Sep ’25
ETH spot volume	3Q26 · Jul–Sep ’26	11.2$bn	−18.2%Jul–Sep ’26 vs Apr–Jun ’26	−65.7%vs Jul–Sep ’25
Other spot volume	3Q26 · Jul–Sep ’26	17.2$bn	+129.3%Jul–Sep ’26 vs Apr–Jun ’26	+35.4%vs Jul–Sep ’25
Stablecoin spot volume	3Q26 · Jul–Sep ’26	24.7$bn	−11.2%Jul–Sep ’26 vs Apr–Jun ’26	−16.6%vs Jul–Sep ’25
Average trading spread	3Q26 · Jul–Sep ’26	2.3bps	+2.2%Jul–Sep ’26 vs Apr–Jun ’26	+22.4%vs Jul–Sep ’25
Total trading volume	3Q26 · Jul–Sep ’26	121.8$bn	−6.8%Jul–Sep ’26 vs Apr–Jun ’26	−14.3%vs Jul–Sep ’25

› CoinbaseCrypto
2Q26Jul 30
3Q26 Oct 297 of 7

Quarterly only, from 10-Q/10-K filings. Coinbase dropped trading volume as a key metric in 2026. Q4 revenue = 10-K year minus Q1-Q3 (derived). The 2026 10-Qs reclassified part of stablecoin revenue and restated 1Q25-2Q25 (shown restated); 3Q25 and 4Q25 stay on the original basis until restated filings appear, so 2025 quarters do not sum to the 10-K total.

Metric	Period	Quarter to date	vs prior quartersame months	vs year agosame months
Assets on platformquarterly	2Q26 · reported	245.9$bn	−16.4%2Q26 vs 1Q26	−42.1%vs 2Q25
Monthly transacting usersquarterly	2Q26 · reported	7.6m	−7.3%2Q26 vs 1Q26	−12.6%vs 2Q25
Total net revenuequarterly	2Q26 · reported	1.2$bn	−13.8%2Q26 vs 1Q26	−17.3%vs 2Q25
Stablecoin revenuequarterly	2Q26 · reported	0.3$bn	−4.4%2Q26 vs 1Q26	−5.4%vs 2Q25
Consumer transaction revenuequarterly	2Q26 · reported	0.5$bn	−20.3%2Q26 vs 1Q26	−30.5%vs 2Q25
Institutional transaction revenuequarterly	2Q26 · reported	0.1$bn	−26.3%2Q26 vs 1Q26	+64.5%vs 2Q25
Trading volume (dropped as a metric in 2026)quarterly	1Q26 · reported	202.0$bn	−31.8%1Q26 vs 4Q25	−49.6%vs 1Q25

Source: company monthly releases, workbooks and filings. Sparklines: last 24 months (8 quarters for quarterly-only companies).

3Q26 earnings

2 of 15 reported · as of Oct 16

Company	Results date	Status	Days	Source
Charles Schwab	Oct 15	Reported		Results release
Interactive Brokers	Oct 15 after close (4:00pm ET)	Reported		Date announcement
CME Group	Oct 21	Upcoming	in 5	Date announcement
Nasdaq	Oct 22	Upcoming	in 6	Date announcement
Robinhood	Oct 27	Upcoming	in 11	Date announcement
LPL Financial	Oct 27 after close (5:00pm ET call)	Upcoming	in 11	Date announcement
Intercontinental Exchange	Oct 29	Upcoming	in 13	Date announcement
MIAX	Oct 29	Upcoming	in 13	Date announcement
Tradeweb	Oct 29	Upcoming	in 13	Date announcement
Coinbase	Oct 29	Upcoming	in 13	Date announcement
Cboe Global Markets	Oct 30	Upcoming	in 14	Date announcement
eToro	Nov 10	Upcoming	in 25	Date announcement
MarketAxess	–	Not announced		Latest note No date set. MarketAxess suspended earnings calls with its Q2 release; ICE acquisition expected to close 1H27.
Webull	–	Not announced
Bullish	–	Not announced		Not announced yet. Bullish announces about two weeks ahead (Q2: announced Jul 31 for Aug 13).

Dates from each company's announcement (nasdaq.com release feed; ICE and Cboe event listings); Interactive Brokers, MarketAxess and Bullish maintained by hand. Status as of the build date. Robinhood's and Schwab's quarterly results also fill their quarter-end months.

What moved in the latest month

Metrics ranked by how far the latest month departs from its own trailing 12 months (z-score; outlined in blue at 2 or more). M/M % and Y/Y % are percentage changes; M/M pp and Y/Y pp are changes in percentage points, used for market shares. Sort any column; click a row for its history.

			Value
BULL	Options contracts	Jun-26	89.4m	+6.2	+42.6%Jun-26 vs May-26		+112.4%vs Jun-25
CBOE	US equities share	Sep-26	8.6%	−2.7		−0.5ppSep-26 vs Aug-26		−0.7ppvs Sep-25
TW	Total ADV	Sep-26	3,739.1$bn/day	+2.6	+33.7%Sep-26 vs Aug-26		+29.0%vs Sep-25
BULL	Equity notional volume	Jun-26	105.8$bn	+2.4	+20.6%Jun-26 vs May-26		+87.6%vs Jun-25
ETOR	Funded accounts	Aug-26	4.4m	+2.3	+3.1%vs May-26		+18.2%vs Aug-25
TW	US high-grade ADV (fully electronic)	Sep-26	10.1$bn/day	+2.2	+26.7%Sep-26 vs Aug-26		+33.3%vs Sep-25
HOOD	Platform assets	Aug-26	383.7$bn	+2.2	+8.1%Aug-26 vs Jul-26		+26.3%vs Aug-25
HOOD	Funded customers	Aug-26	28.6m	+2.2	+0.4%Aug-26 vs Jul-26		+7.1%vs Aug-25
SCHW	Margin balances	Sep-26	187.9$bn	+2.1	+5.8%Sep-26 vs Aug-26		+93.3%vs Sep-25
TW	US Treasuries ADV	Sep-26	309.8$bn/day	+2.1	+9.7%Sep-26 vs Aug-26		+29.0%vs Sep-25
IBKR	Client accounts	Sep-26	5.6m	+2.0	+2.1%Sep-26 vs Aug-26		+35.1%vs Sep-25
LPLA	Total client assets	Aug-26	2,601.9$bn	+1.9	+2.2%Aug-26 vs Jul-26		+15.0%vs Aug-25
SCHW	Transactional sweep cash	Sep-26	492.8$bn	+1.7	+2.0%Sep-26 vs Aug-26		+15.8%vs Sep-25
IBKR	Client equity	Sep-26	964.7$bn	+1.7	+0.2%Sep-26 vs Aug-26		+27.4%vs Sep-25
HOOD	Margin book	Aug-26	21.5$bn	+1.7	+3.9%Aug-26 vs Jul-26		+72.0%vs Aug-25
IBKR	Client credit balances	Sep-26	186.2$bn	+1.6	+0.3%Sep-26 vs Aug-26		+20.3%vs Sep-25
SCHW	Client assets	Sep-26	13,333.2$bn	+1.6	−0.6%Sep-26 vs Aug-26		+15.0%vs Sep-25
IBKR	Margin loans	Sep-26	105.2$bn	+1.5	+3.6%Sep-26 vs Aug-26		+36.1%vs Sep-25
BULL	Customer assets	Jun-26	28.5$bn	+1.4	−2.7%Jun-26 vs May-26		+79.2%vs Jun-25
LPLA	Organic net new assets	Aug-26	13.5$bn	+1.4	+82.4%Aug-26 vs Jul-26		−24.2%vs Aug-25
HOOD	Options contracts	Aug-26	292.5m	+1.4	−9.8%Aug-26 vs Jul-26		+49.6%vs Aug-25
ICE	US equity options share	Sep-26	21.6%	+1.3		−0.2ppSep-26 vs Aug-26		+3.4ppvs Sep-25
CBOE	Options market share	Sep-26	30.8%	+1.2		+0.9ppSep-26 vs Aug-26		+0.0ppvs Sep-25
HOOD	Equity notional volume	Aug-26	335.4$bn	+1.2	+0.8%Aug-26 vs Jul-26		+68.4%vs Aug-25
CBOE	SPX options ADV	Sep-26	5.2m contracts/day	+1.2	+12.4%Sep-26 vs Aug-26		+22.4%vs Sep-25
ETOR	Assets under administration	Aug-26	20.2$bn	+1.2	+0.5%vs May-26		+2.5%vs Aug-25
HOOD	Net deposits	Aug-26	4.0$bn	−1.2	−28.6%Aug-26 vs Jul-26		−16.7%vs Aug-25
NDAQ	US equities matched volume	Sep-26	51.3bn shares	−1.1	+2.6%Sep-26 vs Aug-26		−8.4%vs Sep-25
ICE	Commodities RPC (3-mo avg)	Sep-26	1.920$/contract	+1.0	−0.5%Sep-26 vs Aug-26		+6.7%vs Sep-25
SCHW	Core net new assets	Sep-26	67.5$bn	+0.9	+4.2%Sep-26 vs Aug-26		+46.1%vs Sep-25
MIAX	Options market share	Sep-26	16.7%	−0.9		−1.7ppSep-26 vs Aug-26		−0.9ppvs Sep-25
HOOD	Event contracts	Aug-26	4.7bn	+0.8	−23.0%Aug-26 vs Jul-26		+1466.7%vs Aug-25
BULL	Funded accounts	Jun-26	5.1m	+0.8	0.0%Jun-26 vs May-26		+8.5%vs Jun-25
CBOE	Options ADV	Sep-26	21.8m contracts/day	+0.8	+6.1%Sep-26 vs Aug-26		+6.2%vs Sep-25
ICE	US equities matched ADV	Sep-26	3.4bn shares/day	−0.8	+8.6%Sep-26 vs Aug-26		−3.9%vs Sep-25
SCHW	New brokerage accounts	Sep-26	402.0k	−0.8	−5.2%Sep-26 vs Aug-26		+4.7%vs Sep-25
MKTX	Credit ADV	Jun-26	17.7$bn/day	+0.8	+4.0%Jun-26 vs May-26		+12.8%vs Jun-25
ICE	Futures & options ADV	Sep-26	12.8m contracts/day	+0.8	+51.0%Sep-26 vs Aug-26		+51.3%vs Sep-25
LPLA	Total client cash balances	Aug-26	54.4$bn	−0.8	+0.2%Aug-26 vs Jul-26		+3.2%vs Aug-25
BLSH	Spot spread	Sep-26	2.4bps	+0.7	−4.7%Sep-26 vs Aug-26		+23.0%vs Sep-25
BLSH	BTC spot volume	Sep-26	19.9$bn	−0.7	+13.1%Sep-26 vs Aug-26		+21.3%vs Sep-25
MKTX	US high-grade share of TRACE (computed, excl. single-dealer portfolio trades)computed	Jun-26	16.9%	−0.6		+0.5ppJun-26 vs May-26		−2.8ppvs Jun-25
MKTX	US high-grade ADV	Jun-26	7.8$bn/day	+0.6	+0.9%Jun-26 vs May-26		+11.4%vs Jun-25
BLSH	Options volume	Sep-26	4.1$bn	+0.6	−12.8%Sep-26 vs Aug-26		–vs Sep-25
IBKR	DARTs	Sep-26	4.1m	−0.5	−3.9%Sep-26 vs Aug-26		+6.4%vs Sep-25
HOOD	Crypto notional volume	Aug-26	17.5$bn	−0.5	+60.6%Aug-26 vs Jul-26		−37.7%vs Aug-25
CBOE	Options RPC (3-mo avg)	Aug-26	0.304$/contract	−0.5	−0.6%Aug-26 vs Jul-26		+5.3%vs Aug-25
ICE	US cash equities share	Sep-26	19.8%	+0.4		+0.9ppSep-26 vs Aug-26		+0.7ppvs Sep-25
BLSH	Total trading volume	Sep-26	48.6$bn	−0.4	+14.4%Sep-26 vs Aug-26		+22.7%vs Sep-25
MIAX	Options ADV	Sep-26	10.7m contracts/day	−0.4	−7.2%Sep-26 vs Aug-26		−0.7%vs Sep-25
SCHW	Daily average trades	Sep-26	10.5m	+0.3	+7.4%Sep-26 vs Aug-26		+34.7%vs Sep-25
CME	Total ADV	Sep-26	31.8m contracts/day	+0.3	+7.1%Sep-26 vs Aug-26		+21.8%vs Sep-25
CME	Interest-rate ADV	Sep-26	16.2m contracts/day	+0.3	−3.0%Sep-26 vs Aug-26		+21.8%vs Sep-25
CME	Energy ADV	Sep-26	3.1m contracts/day	+0.3	+34.8%Sep-26 vs Aug-26		+34.8%vs Sep-25
ETOR	Trades, capital markets	Aug-26	51.7m	−0.3	−19.2%vs May-26		+31.2%vs Aug-25
MIAX	US equity options industry ADV (market)	Sep-26	64.2m contracts/day	+0.3	+2.3%Sep-26 vs Aug-26		+4.8%vs Sep-25
NDAQ	European options & futures volume	Sep-26	4.9m contracts	−0.2	+28.9%Sep-26 vs Aug-26		−31.0%vs Sep-25
ICE	Energy ADV	Sep-26	5.5m contracts/day	+0.2	+26.0%Sep-26 vs Aug-26		+26.4%vs Sep-25
NDAQ	European equity value traded	Sep-26	90.6$bn	+0.2	+10.9%Sep-26 vs Aug-26		+21.9%vs Sep-25
NDAQ	US equity options volume	Sep-26	384.0m contracts	−0.1	+5.8%Sep-26 vs Aug-26		+1.6%vs Sep-25
TW	Repo ADV	Sep-26	847.3$bn/day	+0.1	+1.3%Sep-26 vs Aug-26		+4.4%vs Sep-25
CME	Equity-index ADV	Sep-26	8.1m contracts/day	+0.0	+19.1%Sep-26 vs Aug-26		+15.7%vs Sep-25

Source: company monthly releases and workbooks.

Compare across companies

Up to six series from any companies on one chart. Raw plots actual values (series in different units get one chart per unit, on the same timeline); Indexed rebases each to 100 at the start of the range so different units compare on one chart; YoY shows growth (market shares in points).

Start from

Company

Metric

HOOD · Equity notional volumeBULL · Equity notional volume

$bn. Sources: company monthly releases (Robinhood, Webull). Data through Aug 2026.

Period	HOOD · Equity notional volume$bn	BULL · Equity notional volume$bn
Aug 2026	335.4	–
Jul 2026	332.8	–
Jun 2026	392.0	105.8
May 2026	315.3	87.7
Apr 2026	248.5	85.4
Mar 2026	216.1	96.9
Feb 2026	194.4	76.4
Jan 2026	227.3	87.2
Dec 2025	188.6	74.0
Nov 2025	201.5	72.1
Oct 2025	320.1	93.2
Sep 2025	238.8	72.6
Aug 2025	199.2	63.5
Jul 2025	209.1	67.9
Jun 2025	179.1	56.4
May 2025	180.5	–
Apr 2025	157.8	–
Mar 2025	125.6	–
Feb 2025	142.9	–
Jan 2025	144.7	–
Dec 2024	149.8	–
Nov 2024	147.1	–
Oct 2024	126.4	–
Sep 2024	85.5	–

Data & method

Download the data

Every series on this page, monthly, with the unit reported by the company, the unit shown here, and a link to the source release for each month. The Excel file adds a months-across sheet and a metric dictionary.

How the numbers are built

Every figure comes from a company's own monthly release, parsed from the original file (workbook, PDF or press release) and stored as one row per company, metric and month. Before each build, components must sum to totals, market shares must sit between 0 and 100%, and month-on-month moves outside a normal band are flagged for review.

Quarter roll-up. Each metric rolls up to a quarter in one of three ways: an average of the months (ADV, shares, spreads), a sum (volumes, deposits, new accounts) or the last month (assets, balances, accounts). A quarter with fewer than three reported months is drawn dashed with a hollow point.

Derived months. Where a company reports a quarter but not one of its months (CME's quarter-end releases list asset classes for the quarter; Robinhood skips quarter-end months), the missing month is backed out: flows as the quarter total minus the other two months; daily averages as the quarter's ADV times its trading days, minus the other two months' volume, divided by the month's trading days (US trading days from Cboe); balances as the quarter-end figure. Averages that dropped out of a release are rebuilt from their parts (volume ÷ trading days). Derived months are hollow points on charts, marked Derived in tables, and labelled in downloads. A reported figure is never replaced. Check: CME's derived March 2025 asset classes sum to 30.7m contracts a day against the reported 30.8m total.

Coverage notes

Nasdaq: From Nasdaq's Monthly Reporting Sheet (downloaded by hand: its IR site blocks scripts). Volumes are monthly; market share, revenue capture, index AUM and listings are quarterly.
Charles Schwab: From Dec 2025 Schwab's average interest-earning assets exclude margin loans and short credits of certain client long/short strategies; 2025 months are shown on that restated basis where Schwab published it. Margin balances include short credits related to those strategies.
MarketAxess: No volume release since June/2Q26 (Jul 7). ICE agreed to buy MarketAxess in Aug 2026; volume reporting may have stopped pending the deal.
Robinhood: Robinhood skips a release for quarter-end months; those come from the next release's prior-month column or its quarterly results. DARTs (to Feb 2026) and DATs (from 2026) are different measures, kept as separate series.
LPL Financial: LPL skips the release for quarter-end months; those come from the next release's prior-month column.
eToro: eToro publishes monthly metrics once a quarter, for the middle month (Feb, May, Aug, Nov), so the series has gaps by design. Its 2025 July-and-August release gave two-month totals; only its August balances (AuA, funded accounts) are used.
Webull: Webull publishes a 13-month operating table once a quarter; the latest is June 2026 (July-September data expected with its next table, around mid-October).
Coinbase: Quarterly only, from 10-Q/10-K filings. Coinbase dropped trading volume as a key metric in 2026. Q4 revenue = 10-K year minus Q1-Q3 (derived). The 2026 10-Qs reclassified part of stablecoin revenue and restated 1Q25-2Q25 (shown restated); 3Q25 and 4Q25 stay on the original basis until restated filings appear, so 2025 quarters do not sum to the 10-K total.
CME Group: Quarter-end releases list asset classes for the quarter; missing months are backed out of the quarterly figure (marked Derived).

Where the numbers come from

ICE: Monthly Statistics Tracking workbook (ADV, rate per contract, open interest, NYSE cash and options share).
Cboe: monthly Volume & RPC workbook (ADV, market share and rolling three-month RPC by segment).
Tradeweb: historical ADV workbook from the monthly activity reports page.
MarketAxess: volume workbook, including FINRA TRACE market volumes. Share of TRACE is computed here (MarketAxess volume ÷ TRACE volume) and differs from the company's own estimated share.
CME: monthly ADV press release text.
Interactive Brokers: monthly metrics PDF. Schwab: Monthly Activity Report PDF. Robinhood, Bullish: monthly releases as republished on nasdaq.com.

Latest readings

Data through September 2026. CME Group: Total ADV 31.8 m contracts/day in September 2026 (+21.8% year on year). Cboe Global Markets: Options ADV 21.8 m contracts/day in September 2026 (+6.2% year on year). Charles Schwab: Client assets 13,333.2 $bn in September 2026 (+15.0% year on year). Bullish: Total trading volume 48.6 $bn in September 2026 (+22.7% year on year). Intercontinental Exchange: Futures & options ADV 12.8 m contracts/day in September 2026 (+51.3% year on year). Nasdaq: US equities matched ADV 2.4 bn shares/day in September 2026 (−8.4% year on year). Robinhood: Platform assets 383.7 $bn in August 2026 (+26.3% year on year). Interactive Brokers: DARTs 4.1 m in September 2026 (+6.4% year on year).