Cboe Global Markets to Launch Cboe One Options Feed, A New, Real-Time U.S. Options Market Data Solution

Rhea-AI Summary

Cboe Global Markets (CBOE) announced plans to launch the Cboe One Options Feed on March 1, 2023, pending regulatory approval. This service will provide consolidated, real-time options pricing from all four of Cboe's U.S. options exchanges, representing approximately 31% of U.S. options trading volume. The feed aims to meet the demand for a cost-effective alternative to current offerings, helping investors gain a comprehensive view of the options market. Cboe's data feed will aggregate the best bid and offer (BBO) of displayed orders for equity, ETF, and index options, catering to a growing base of investors using options-based strategies.

Positive

• Launch of the Cboe One Options Feed on March 1, 2023, pending regulatory approval.
• Provides consolidated, real-time options pricing from Cboe's four U.S. options exchanges, covering approximately 31% of U.S. options trading volume.
• Addresses investor demand for a cost-effective alternative to existing market data offerings.

Negative

• None.

• Consolidated, real-time U.S. options pricing from the largest U.S. options exchange operator
• Through a single market data feed, Cboe One Options Feed will publish aggregated BBO of all displayed orders for securities traded on Cboe's four options exchanges
• Aims to meet investor demand for a cost-effective alternative to existing offerings

CHICAGO, Feb. 15, 2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced it expects to launch the Cboe One Options Feed, beginning March 1, 2023, subject to regulatory approval. Through a single market data feed, the new data offering will provide a comprehensive, real-time view of U.S. options pricing derived from the largest U.S. options exchange operator.

Cboe operates four U.S. options exchanges – the Cboe Options, C2 Options, EDGX Options and BZX Options Exchanges – which together account for approximately 31 percent¹ of all U.S. options trading volume and collectively, can provide a representative view into U.S. options trading.

The new Cboe One Options Feed will deliver real-time quote and trade information consolidated from all four Cboe U.S. options exchanges by aggregating the best bid and offer (BBO) of all displayed orders for equity, ETF and index options traded on the four exchanges.

Catherine Clay, Executive Vice President, Data and Digital Solutions at Cboe Global Markets, said: "The launch of the Cboe One Options Feed aims to address the growth of the U.S. options market, which has seen the emergence of a new generation of investors that is increasingly utilizing options-based strategies in their portfolios. Real-time pricing is an essential component of the investing and trading process, and customers are seeking more choice in how they receive options market data. As the largest U.S. options exchange operator, Cboe is uniquely positioned to bring a high-quality, cost-effective and reliable alternative to existing offerings that will help investors gain a comprehensive view of the U.S. options market."

Arianne Adams, Head of Derivatives and Global Client Services at Cboe Global Markets, said: "Since creating the first U.S. options exchange 50 years ago, Cboe has built and now operates some of the world's largest, most trusted and resilient markets, where investors globally come to express their views and hedge their risk. We remain committed to providing our customers with best-in-class exchange platforms, tradable products and market data. The Cboe One Options Feed is another solution that will provide customers with the real-time information they need to trade with confidence." 

The launch of the Cboe One Options Feed complements Cboe's existing offering of the Cboe One U.S. Equities Feed and Cboe One Canada Feed, which provide comprehensive, real-time U.S. and Canadian equities market data, respectively. Cboe One Options Feed will deliver consolidated quote and trade information using the same protocol and message structure as the Cboe One U.S. and Canadian Equities Feeds.

The Cboe One Options Feed will be made available on-premise in Cboe's primary and secondary data centers in Secaucus, New Jersey and Chicago, Illinois and in applicable Cboe Point of Presence ("PoP") locations. In addition, the Feed will be made available in multiple locations worldwide through Cboe Global Cloud, a cloud-based data streaming service, with various secure connectivity options in a future release. For additional technical information, please see here.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.

Media Contacts				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

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Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information 

Certain information contained in this press release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and are subject to a number of risks and uncertainties.

¹ As of February 14, 2023 

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SOURCE Cboe Global Markets, Inc.

FAQ

What is the Cboe One Options Feed?

The Cboe One Options Feed is a new data solution offering consolidated, real-time options pricing from all four of Cboe's U.S. options exchanges.

When will the Cboe One Options Feed be launched?

Cboe plans to launch the Cboe One Options Feed on March 1, 2023, subject to regulatory approval.

What percentage of U.S. options trading volume does Cboe account for?

Cboe accounts for approximately 31% of all U.S. options trading volume.

How does the Cboe One Options Feed benefit investors?

The feed provides a cost-effective alternative for accessing comprehensive, real-time options market data, which is essential for informed trading decisions.