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.
Cboe Global Markets (CBOE) announced plans to extend global trading hours for its S&P 500 Index (SPX) and Cboe Volatility Index (VIX) options to nearly 24 hours a day, starting Q4 2021, pending regulatory approval. This extension aims to enhance access for global market participants, allowing for efficient risk management and responsiveness to macroeconomic events. The current trading session runs from 3:00 a.m. to 9:15 a.m. ET, with the new hours from 8:15 p.m. to 9:15 a.m. ET. The move complements Cboe's expansion into Asia Pacific markets.
Cboe Global Markets reported strong trading volume metrics for March 2021, achieving a record 266 million options contracts traded, contributing to a quarterly record of 773 million contracts. Noteworthy highlights include a 19% sequential increase in average daily volume for index options and significant growth in VIX futures volume. However, U.S. equities exchange-matched volume for Q1 is anticipated to be lower than average due to a shift in share pricing. Revenue capture is expected to vary across segments, with mixed guidance for options and equities.
Cboe Global Markets has received SEC approval to introduce periodic auctions on the Cboe BYX Equities Exchange, expected to launch in Q3 2021. This innovative intraday auction mechanism aims to enhance liquidity and execution opportunities for investors, allowing them to interact with natural liquidity and execute larger orders with minimal market impact. Unlike traditional auctions, these periodic auctions will occur frequently and will not disrupt continuous market trading. Cboe expects these auctions to facilitate price discovery, particularly benefiting thinly-traded securities.
Cboe Global Markets (CBOE) has announced its acquisition of Chi-X Asia Pacific Holdings to enhance its footprint in the Asia-Pacific region, specifically in Australia and Japan. The deal, expected to close in Q2 or Q3 2021, aims to facilitate access to Cboe's proprietary product suite and expand its global equities business. Chi-X Asia Pacific, which generated $26 million in net revenue in 2020, is the second-largest securities exchange in Australia and a leading proprietary trading system in Japan. The acquisition is projected to be nominally accretive to Cboe's adjusted earnings in 2021.
Cboe Global Markets (CBOE) has announced the retirement of Tim Mahoney, President of BIDS Trading, with Bryan Harkins appointed as his successor. Harkins, an experienced leader, aims to expand BIDS Trading into new markets globally, including Asia Pacific. Mahoney's tenure saw BIDS grow into the largest equity block trading venue in the U.S. Additionally, Cboe plans to acquire Chi-X Asia Pacific Holdings, enhancing its equities business in Asia. The transition aims to maintain BIDS Trading's independent operations while positioning it for future growth.
Cboe Global Markets has promoted Catherine Clay to Executive Vice President and initiated a new Data and Access Solutions division. This division aims to integrate the company's data solutions with its market data services, enhancing customer access to real-time and historical data from various asset classes. The company anticipates organic revenue growth of 6-7% in its proprietary non-transactional revenue category, targeting approximately $350 million in 2021. Clay's leadership is expected to optimize efficiency in delivering information solutions globally.
Cboe Global Markets (CBOE) will release its Q1 2021 financial results on April 30, 2021, before the market opens. A conference call with senior management will follow at 7:30 a.m. CT (8:30 a.m. ET). Participants can join via a live audio webcast on the company's Investor Relations page. Cboe provides advanced trading solutions across various asset classes globally, including options, futures, and equities, and is known for its innovation in market products.
Cboe Global Markets (CBOE) reported a strong performance in February 2021, highlighting significant trading volume increases in various sectors. Options volume rose 19% year-over-year, while U.S. Equities exchange matched volume surged 53.9% compared to February 2020. Notably, Cboe EDGX reached a record 24.10 billion shares traded in February. Futures volume declined 28.9%, reflecting market adjustments. Global FX trading also saw record activity with significant notional values. Overall, February marked a series of new records across different trading platforms.
Cboe Global Markets, Inc. (Cboe: CBOE) announced that its executives will present at the Raymond James Institutional Investor Virtual Conference on March 2 at 8:20 a.m. ET. Key personnel include Ed Tilly, Chris Isaacson, and Brian Schell. The event will be accessible via Cboe's website in the Investor Relations section, with a replay available shortly after the presentation. Cboe is a leading market operator offering diverse trading solutions across multiple asset classes globally.
Cboe Global Markets (Cboe: CBOE) announced that Chris Isaacson and Brian Schell will present at the Credit Suisse Financial Services Virtual Conference on February 24, 2021, at 1 p.m. ET. The presentation will be available for replay shortly after on the Cboe website. Cboe offers innovative trading solutions across various asset classes globally, including options, futures, equities, and volatility products. The company is headquartered in Chicago and operates major exchanges in the U.S. and Europe.
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