Cboe Q2 Net Revenue Up By Double Digits Driven By Strong Growth In Options Business
- Net revenue surged by 10% to $467.1 million compared to the same period last year
- Options category saw a significant 20% boost in revenue to $283.2 million
- Global foreign exchange revenues increased by 7% to $17.8 million
- Cboe continues to expand its offerings with the introduction of the 1-day volatility index (VIX1D) and new sweep order types for European equities exchange
- Declines in net revenues for North American equities, Europe and Asia Pacific, and futures business segments
The Q2 report reveals a notable surge in net revenue, reaching
In parallel, global foreign exchange (FX) revenues achieved a
North American equities' net revenues contracted by
Edward T. Tilly, Chairman and CEO of Cboe Global Markets, highlighted the company's ninth consecutive quarter of double-digit net revenue growth. He emphasized the pivotal role played by the derivatives and Data & Access solutions sectors in driving these positive results.
The future outlook for Cboe Global Markets seems to appear promising as the company continues to expand its offerings. Recently, the firm introduced its 1-day volatility index (VIX1D) as part of its volatility index suite. The index, developed by Cboe Labs, gauges the current day's anticipated market volatility for the S&P 500 Index. Additionally, Cboe's European equities exchange unveiled new sweep order types to enhance liquidity targeting for traders. These novel order types grant participants access to dark, periodic auctions and lit order books without necessitating multiple order submissions.
Cboe's excellent track record of producing market-defining products has put it at the forefront of the market-making industry. Its
Featured photo by Markus Winkler on Unsplash.
Contact:
Michele Ormont
mormont@cboe.com
SOURCE: Cboe Global Markets, Inc.
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