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Cboe Global Markets, Inc. - CBOE STOCK NEWS

Welcome to our dedicated page for Cboe Global Markets news (Ticker: CBOE), a resource for investors and traders seeking the latest updates and insights on Cboe Global Markets stock.

Cboe Global Markets, Inc. (CBOE: CBOE | NASDAQ: CBOE) stands as one of the world's largest exchange holding companies. Cboe delivers advanced trading, clearing, and investment solutions to investors globally, committed to relentless innovation and connecting global markets with world-class technology. The company provides diverse trading products across multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products based on its renowned Cboe Volatility Index (VIX), the global gauge of equity market volatility.

Key Achievements

  • Cboe operates the largest options exchange in the U.S. and the leading stock exchange by value traded in Europe.
  • It is the second-largest stock exchange operator in the U.S. and a major global player in ETP trading.

Product Offerings & Segments

  • Options: With significant growth in trading volumes, the revenue from options trading hit $314.5 million, driven by a 24% rise in index options trading.
  • North American Equities: Despite a minor drop in revenue to $86.3 million, the market share in U.S. Equities remained stable.
  • Europe and Asia Pacific: Revenue climbed 9% to $48 million, bolstered by non-transaction revenue streams like market data fees.
  • Futures: Futures trading saw robust growth, contributing $32.4 million in revenue.
  • Global FX: Foreign exchange trading revenue grew by 12% to $18.9 million.

Financial Performance

For the fiscal year 2023, Cboe reported record financial results with a significant rise in diluted earnings per share (EPS) and net revenue. Highlights include a 226% year-over-year increase in diluted EPS to $7.13 and a 10% rise in annual net revenue to $1.9 billion. These figures reflect Cboe's robust market position and strategic initiatives geared towards sustained growth.

Strategic Initiatives

In 2024, Cboe continues to focus on growth and operational efficiency, projecting organic net revenue growth between 5% and 7%. It also emphasized the integration of its digital asset derivatives into its broader Global Derivatives and Clearing businesses, enhancing operational efficiencies and technology leverage. Additionally, Cboe plans to expand its digital asset product offerings, including cash-settled bitcoin and ether futures, further solidifying its position in the digital assets space.

Innovations and Collaborations

Cboe has been at the forefront of trading innovations, introducing trading products like 0DTE (zero days to expiry) options, which have gained popularity among retail and professional traders alike. Recently, Cboe announced collaborations with FTSE Russell to develop new digital asset derivatives, leveraging both parties' expertise to meet growing market demand.

Conclusion

Overall, Cboe Global Markets continues to excel in providing cutting-edge trading solutions and remains committed to expanding its product offerings, leveraging technology, and driving innovation in global financial markets. For investors and traders seeking reliable and advanced trading platforms, Cboe's comprehensive market infrastructure and strategic growth initiatives make it a significant entity in the global trading landscape.

Rhea-AI Summary

Cboe Global Markets (CBOE) has announced the launch of its Global Indices Feed on Snowflake Marketplace, expanding cloud-based access to its index data. The service provides end-of-day summary data and tick data from seven feed channels, including the renowned VIX Index and other proprietary indices developed with partners like S&P Dow Jones, FTSE Russell, and MSCI.

The integration allows users to access comprehensive market data through Cboe DataShop, featuring open, high, low, and closing values, as well as real-time tick data throughout the trading day. This initiative is part of Cboe's broader digital transformation, which includes migrating its proprietary data and analytics to the Snowflake AI Data Cloud platform to enhance data storage and analysis capabilities.

Market participants can utilize this data for various purposes, including market sentiment analysis, performance modeling, back-testing strategies, and portfolio risk identification.

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Cboe Global Markets (CBOE) has unveiled its newly branded exchange technology platform, Cboe Titanium (Cboe Ti), marking a significant milestone in its technological evolution. The platform powers Cboe's options, equities, and futures markets across the U.S., UK, Europe, Japan, and Australia.

Cboe Canada is scheduled to migrate to Cboe Ti on March 3, 2025, while cash-settled bitcoin and ether futures contracts will transition to the Cboe Futures Exchange running on Cboe Ti in Q2 2025. The platform maintained 100% uptime across 25 of its 27 global platforms and achieved over 99.9% uptime across all platforms during 2024's heightened volatility.

Notable improvements include a new access architecture for U.S. options handling approximately 100 billion quotes and orders daily, and the introduction of Dedicated Cores service, which reduced latency by 60% in the U.S. and is expanding to other regions.

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Cboe Global Markets and Metaurus Advisors have launched the Cboe U.S. Large-Mid Cap 100 Index (CEQX) on December 20, 2024, marking the first of four planned indices in their collaboration. The CEQX is an equal-dollar-weighted index comprising 100 large-mid cap U.S. stocks, rebalanced quarterly to replicate sector capitalization weightings of the largest U.S.-listed companies.

Three additional indices are planned for Q1 2025: the Cboe Lead 50 Index, Cboe Lag 50 Index, and Cboe U.S. Large-Mid Cap 100 Cumulative Return Index. The Lead 50 and Lag 50 indices will track the top and bottom 50 performing companies within CEQX, respectively, providing insights into realized dispersion. Cboe Labs plans to launch tradable futures products based on these indices, subject to regulatory review.

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Cboe Global Markets has reported its December and full year 2024 trading statistics, marking significant achievements across its global operations. The company achieved its fifth consecutive record-breaking year in U.S. Options, with total volume reaching 3.8 billion contracts and an ADV of 14.95 million contracts.

Notable highlights include record performances in proprietary index options, with total trading of 1.03 billion contracts and an ADV of 4.1 million contracts. The S&P 500 Index (SPX) options traded 784.2 million contracts, while VIX options reached 209.2 million contracts. In Q4, zero days to expiry trading in SPX set a quarterly record, comprising 51% of overall SPX volumes.

Global FX operations achieved a record full year spot average daily notional volume of $45.4 billion, surpassing the previous year's record of $43.6 billion.

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Cboe Global Markets (CBOE) announced the closure of its U.S. equities and options exchanges, including Cboe Futures Exchange, on Thursday, January 9, 2025, observing the National Day of Mourning for former President Jimmy Carter. Cboe equities exchanges will be closed for all sessions, while options exchanges will only close during Regular Trading Hours. Global Trading Hours for Cboe Options Exchange and CFE will remain open. Cboe Digital Exchange will operate normally. The company also observed a one-minute moment of silence on its Chicago trading floor at 8:20 a.m. CT on December 30, 2024.

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Cboe Global Markets (CBOE) has scheduled its fourth-quarter 2024 earnings release and conference call. The financial results will be announced before market opening on Friday, February 7, 2025. A conference call featuring senior management commentary will start at 7:30 a.m. CT (8:30 a.m. ET).

The event will include a live audio webcast and presentation available on Cboe's Investor Relations website. Interested parties can join via telephone using the numbers (800) 715-9871 (toll-free) or (646) 307-1963 (toll) with Conference ID 5196331. A replay will be available approximately two hours after the call concludes.

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Cboe Global Markets has released its November 2024 trading volume statistics, showing significant growth across multiple business segments. Key highlights include an 18.4% increase in multiply-listed options ADV to 12,355k contracts, a 4.3% rise in index options ADV to 4,141k contracts, and a 9.3% growth in futures ADV to 222k contracts compared to November 2023.

Notable performances were also seen in global markets, with European Equities volume up 26.2% to €11,262 million, Japanese Equities volume increasing 38.3% to 251 billion yen, and Global FX volume rising 4.9% to $49,565 million. U.S. Equities on-exchange volume grew 18.6% to 1,601 million matched shares.

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Cboe Global Markets (CBOE) announced its participation in the Goldman Sachs 2024 U.S. Financial Services Conference in New York City. Jill Griebenow, Executive Vice President and Chief Financial Officer, and David Howson, Executive Vice President and Global President, will represent the company at the event.

The presentation is scheduled for Wednesday, December 11 at 1:00 p.m. ET. Interested parties can access both the live webcast and replay of the presentation through the company's investor relations website at ir.cboe.com under Events and Presentations. The archived version is expected to be available within an hour after the presentation concludes.

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Cboe Global Markets announced the launch of the first cash-settled index options for spot Bitcoin, starting December 2. The options will be based on the new Cboe Bitcoin U.S. ETF Index (CBTX), designed to track spot Bitcoin ETF performance. The offering includes standard-sized options, mini options at 1/10th the notional value, and FLEX options for customization. These SEC-regulated products will feature cash settlement and European-style exercise, eliminating early assignment risks and physical delivery complexities. The initiative expands Cboe's digital assets derivatives offerings, complementing their existing Bitcoin and Ether futures products.

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Cboe Global Markets has released results from its first European retail investor survey, showing strong demand for exchange-traded equity options and financial education. The survey, conducted by Cboe Europe Derivatives (CEDX) and The Options Institute, revealed that 62% of current derivatives users are interested in trading stock options, with capital protection and hedging being primary motivations.

Among derivatives prospects, 54% expressed interest in stock options trading, though 66% indicated they need more basic financial education. In response, The Options Institute plans to expand into Europe in early 2025, offering comprehensive educational resources in multiple languages including English, Spanish, Dutch, and German.

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FAQ

What is the current stock price of Cboe Global Markets (CBOE)?

The current stock price of Cboe Global Markets (CBOE) is $197.91 as of January 22, 2025.

What is the market cap of Cboe Global Markets (CBOE)?

The market cap of Cboe Global Markets (CBOE) is approximately 20.6B.

What is Cboe Global Markets, Inc.?

Cboe Global Markets, Inc. is one of the world's largest exchange holding companies, offering advanced trading, clearing, and investment solutions across multiple asset classes and geographies.

What products does Cboe offer?

Cboe offers trading products in options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products, including the Cboe Volatility Index (VIX).

How did Cboe perform financially in 2023?

In 2023, Cboe reported record financial results with a 226% increase in diluted EPS to $7.13 and a 10% rise in annual net revenue to $1.9 billion.

What are some of Cboe's recent strategic initiatives?

Cboe's recent initiatives include integrating digital asset derivatives into its Global Derivatives and Clearing businesses and collaborating with FTSE Russell to develop new digital asset derivatives.

What are 0DTE options?

0DTE (zero days to expiry) options are contracts that expire at the end of the trading day, popular for short-term trading strategies among retail and professional traders.

What is the significance of the Cboe Volatility Index (VIX)?

The Cboe Volatility Index (VIX) is a benchmark index measuring market volatility, often referred to as the 'fear gauge,' and is used to gauge investor sentiment in the equity markets.

What is Cboe's market position in trading venues?

Cboe operates the largest options exchange in the U.S., the largest stock exchange by value traded in Europe, and is the second-largest stock exchange operator in the U.S.

How is Cboe expanding in the digital assets space?

Cboe is expanding its digital assets offerings by integrating digital asset derivatives into its existing platforms and collaborating with FTSE Russell to develop new digital asset derivatives.

What are some of Cboe's core strengths?

Cboe's core strengths include its global footprint, advanced technology, product innovation, and comprehensive market infrastructure, which enable it to offer reliable and efficient trading solutions.

What is Cboe's outlook for 2024?

For 2024, Cboe projects organic net revenue growth between 5% and 7% and aims to leverage its technological and global strengths to drive further growth and operational efficiency.
Cboe Global Markets, Inc.

NYSE:CBOE

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CBOE Stock Data

20.61B
104.27M
0.41%
88.18%
2.28%
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