Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets (CBOE) held its 2025 Annual Meeting on May 6, 2025, where shareholders voted on several key proposals. All 12 board of director nominees were re-elected to serve one-year terms expiring in 2026. Shareholders approved multiple significant measures including: a non-binding resolution on executive compensation, the ratification of KPMG LLP as the independent auditor for 2025, the Third Amended and Restated Long-Term Incentive Plan which increases share reserve by 3,000,000 shares, and a stockholder proposal regarding political spending.

Cboe Global Markets reported strong trading volumes for April 2025, with notable growth across multiple segments. U.S. Options showed remarkable performance, with proprietary index options reaching 5.1 million contracts ADV, marking the second-best month on record. On April 4, several records were broken, including total U.S. options volume of 31.0 million contracts and SPX options volume of 6.0 million contracts. Key year-over-year growth metrics include: multiply-listed options up 29.7%, index options up 17.0%, U.S. equities on-exchange volume up 61.7%, European equities up 65.8%, and Global FX up 27.4%. Notable declines were observed in Japanese equities, down 24.3% year-over-year.

Cboe Global Markets (CBOE) reported strong first quarter 2025 results with several record-breaking metrics. The company achieved record quarterly net revenue of $565.2 million, up 13% year-over-year, and record diluted EPS of $2.37, a 21% increase. Adjusted diluted EPS reached a record $2.50, up 16%. The company's Options segment led growth with record revenue of $352.4 million, up 15%. Based on strong performance, Cboe increased its 2025 organic total net revenue growth target to mid to high single digits from mid single digits, while reaffirming its adjusted operating expense guidance of $837-852 million. Operating margin improved to 62.6% from 56.2% in Q1 2024, and the effective tax rate remained stable at 28.4%.

Cboe Global Markets (CBOE) has appointed Craig S. Donohue as its new Chief Executive Officer and Board member, effective May 7, 2025. Donohue, a veteran with over 30 years of experience in global financial markets, succeeds Fredric Tomczyk, who will remain on the Board. Donohue's extensive background includes serving as CEO at CME Group for eight years and as Chairman of the Board at OCC, where he also held the CEO position from 2016 to 2019. Tomczyk will transition to an advisory role through June 2025 to ensure a smooth leadership transition.

Cboe Global Markets has launched new Cboe FTSE Bitcoin Index futures trading on Cboe Futures Exchange. The cash-settled futures are based on the FTSE Bitcoin Reduced Value Index (XBTF) and represent the latest addition to Cboe's digital asset derivatives suite.

Key features of the new futures include:

• Cash settlement at expiration, eliminating physical bitcoin delivery complexities
• Clearing through OCC, alongside existing CBTX and MBTX options
• Settlement occurs P.M. on each month's last business day
• Based on XBTF Index representing 1/10th of FTSE Bitcoin Index value

The launch complements Cboe's existing bitcoin products, including spot bitcoin ETFs and bitcoin ETF index options. Market makers Barak Capital and Prime Trading will provide liquidity for the new futures product, aiming to support efficient bitcoin exposure and risk management in a regulated marketplace.

Cboe Global Markets (CBOE) celebrates the 40th anniversary of The Options Institute, its educational division, in 2025. The institute, founded in 1985, has evolved from teaching professional traders in Chicago's trading pits to providing global options education through online courses and resources.

The Options Institute is expanding internationally, with educational efforts already launched in Europe and planned expansion into Asia Pacific later in 2025. The institute will offer content in multiple languages including English, Spanish, Hindi, Russian, Dutch, with German and French programs launching in the second half of 2025.

Notable developments include:

• Partnership with retail brokerages like E*TRADE and Robinhood
• Launch of a financial literacy pilot program with schools
• Expansion of course offerings from basic 'Options 101' to advanced trading strategies
• Development of multilingual, regionally adapted content for international markets

Cboe Global Markets (CBOE) has launched trading of S&P 500 Equal Weight Index (EWI) options on April 14, 2025. The new options, trading under ticker SPEQX, are based on 1/10th the value of the S&P 500 EWI, with each constituent allocated a fixed 0.2% weight quarterly.

The options are designed to complement Cboe's existing S&P 500 Index (SPX) options, offering investors additional diversification opportunities and exposure to different market dynamics. With a standard contract multiplier of $100, the notional value is approximately $63,200 as of April 7.

Key features include:

• Cash settlement with European-style exercise
• Trading hours from 9:30 a.m. ET to 4:15 p.m. ET
• Standard monthly options expiring on third Friday
• FLEX options availability
• Planned PM-settled weekly options pending regulatory approval

Cboe Global Markets (CBOE) has announced the expansion of its Derivatives Market Intelligence team into Asia Pacific with the appointment of Wei Liao as Director, Derivatives Market Intelligence in Hong Kong. This strategic move aims to strengthen Cboe's presence in APAC and meet growing regional demand for derivatives trading and education.

The expansion follows strong performance in Cboe's Global Trading Hours, which achieved a record average daily volume of 124.6k contracts in Q1 2025, marking a 36% increase from Q1 2024. Liao, bringing over 15 years of experience in macroeconomic research and portfolio management, will focus on delivering market insights and analysis to help investors understand cross-asset market dynamics and derivatives products.

The initiative will support Cboe's growing APAC client base with localized perspectives on market trends and education about key products, including S&P 500 Index (SPX) options, Cboe Volatility Index (VIX) options and futures, and Russell 2000 Index (RUT) options.

Cboe Global Markets (CBOE) has announced plans to launch Cboe FTSE Bitcoin Index futures on April 28, 2025, subject to regulatory review. The new futures will be based on the FTSE Bitcoin Reduced Value (1/10th) Index (XBTF) and will trade on Cboe Futures Exchange.

The cash-settled futures are designed to complement Cboe's recently launched Bitcoin U.S. ETF Index options (CBTX, MBTX), providing traders with expanded tools for implementing trading and hedging strategies. The futures will be cleared through OCC and will settle P.M. on the last business day of each month.

This launch represents the first product under Cboe's collaboration with FTSE Russell aimed at digital assets market innovation. The expansion adds to Cboe's growing crypto offerings, which include spot bitcoin ETF listings, cash-settled index options, and margined bitcoin and ether futures.