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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 an expanded collaboration with FTSE Russell to innovate in digital asset derivatives. This initiative aims to develop new derivatives products, starting with cash-settled index options tied to the FTSE Bitcoin and Ethereum Indices. The move seeks to meet the growing demand for regulated crypto derivatives, leveraging Cboe's expertise in derivatives and FTSE's indexing capabilities. This collaboration follows Cboe's consolidation of its digital assets business and aims to introduce products that enhance its existing offerings, including bitcoin and ether margin futures and ETFs. More details will be shared later this year.

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Cboe Global Markets (CBOE), a leading derivatives and securities exchange network, released its May 2024 trading volume statistics on June 5, 2024. The report includes data on various global business segments and specific index products.

Key highlights include:

- Multiply-listed options dropped by 5.3% year-over-year (YoY) to 9,962K contracts.

- Index options saw a 4.5% YoY increase to 3,776K contracts.

- Futures grew by 3.4% YoY to 214K contracts.

- U.S. equities on-exchange rose by 2.9% YoY to 1,424 million matched shares, while off-exchange declined by 5.1% to 79 million matched shares.

- Canadian equities surged by 18.5% YoY to 140,175K matched shares.

- European equities fell by 1.1% YoY to €8,634 million.

- Japanese equities soared by 47.4% YoY to ¥333 billion.

Other notable figures include Australian equities up by 12.4% YoY and global FX up by 3.7% YoY.

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Cboe Global Markets (CBOE) announced that its CEO, Fredric Tomczyk, and CFO, Jill Griebenow, will present at the Piper Sandler Global Exchange and Trading Conference.

The presentation will take place in New York City on June 5 at 2:00 p.m. ET.

A live webcast and replay will be available on Cboe's Investor Relations website under Events and Presentations, with the archived webcast accessible within an hour after the event.

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Cboe Global Markets (CBOE) plans to launch Cboe® iBoxx® $ Emerging Market Bond Index futures (IEMD) on June 17, pending regulatory approval. These futures will provide exposure to U.S. dollar-denominated bonds from emerging market governments and sub-sovereign issuers. The IEMD futures are designed to aid investors in hedging existing exposures, implementing relative value strategies, and managing interest rate and credit risk. The underlying index boasts 535 constituents across 46 countries, with a total outstanding amount of $1.03 trillion as of April 2024. The launch marks an expansion of Cboe's credit market products, aiming to offer operational simplicity and reduced counterparty risk through exchange trading and central clearing.

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Interactive Brokers has joined Cboe Europe Derivatives (CEDX) as a trading participant and will offer its clients access to CEDX's equity derivatives. This move is expected to enhance the efficiency of European derivatives markets by lowering barriers to entry for institutional and retail investors.

CEDX, which launched in 2021, recently expanded its product offerings to include over 300 equity options from 14 countries. Interactive Brokers’ participation as a trading and clearing participant will provide greater flexibility and choice for its clients.

CEDX's equity options are cleared by Cboe Clear Europe, allowing for significant margin reductions and settlement efficiencies. This partnership is seen as a significant milestone in the development of European derivatives markets.

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Cboe Global Markets has announced a quarterly cash dividend of $0.55 per share for the second quarter of 2024. The dividend is scheduled for payment on June 14, 2024, to shareholders on record as of May 31, 2024. This decision reflects Cboe's continued commitment to returning value to its shareholders.

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Cboe Global Markets (CBOE) announced the preliminary results of its 2024 Annual Meeting. All 12 nominees for the board of directors, who served during the 2023-2024 term, have been re-elected with a majority vote. The board members will serve one-year terms expiring in 2025. Key approvals included executive compensation, the appointment of KPMG LLP as the independent public accounting firm for 2024, and a management proposal allowing stockholders with 25% ownership to call special meetings. However, a proposal to grant stockholders the same right at a 10% ownership threshold was rejected. Full details can be found in the proxy statement on the Cboe investor relations website.

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Cboe Global Markets and Metaurus Advisors, are partnering to launch three new US equity indices: the Cboe US Large Cap 100 Index, the Cboe US Large Cap Lead 50 Index, and the Cboe US Large Cap Lag 50 Index. These indices leverage Cboe's derivatives-based indexing capabilities and Metaurus' Dynamic Reassignment technology. Plans include developing tradable futures products based on the indices, subject to regulatory review.

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Cboe Global Markets, a leading derivatives and securities exchange network, reported April trading volume statistics. The data includes average daily trading volume, market share by business segment, and volume in select index products. U.S. Options Trading in Cboe Volatility Index (VIX) options hit a record high. Cboe Japan achieved a record market share. Global FX had strong performance with a new record in spot Full Amount ADNV.

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Cboe Global Markets reported strong financial results for the first quarter of 2024, with a record net revenue of $502.1 million, up 7% year-over-year. Adjusted Diluted EPS increased by 13% to $2.15, and the company anticipates organic total net revenue growth to be at the higher end of the 5-7% range in 2024. Cboe also lowered its adjusted operating expense guidance to $795-$805 million from $798-$808 million. The company's digital asset business is being refocused to drive operating efficiencies. Overall, Cboe is optimistic about the strong start to 2024 and aims to deliver durable returns to shareholders.

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FAQ

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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