Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets is launching the Cboe One Canada Feed on September 12, 2022, a real-time market data solution providing comprehensive insights into the Canadian equities market. This offering includes coverage of over 230 securities listed exclusively on the NEO Exchange, marking Cboe's first Canadian data product. The Feed consolidates data from NEO and MATCHNow, which represent about 15% of Canada’s equities market share. Customers can access bundled pricing for both Canadian and U.S. market data, enhancing trading efficiency.

Cboe Global Markets (CBOE) has announced a group of equity partners set to invest in its digital business, Cboe Digital, previously known as ErisX. The partnerships involve notable firms like Interactive Brokers and Robinhood, aimed at enhancing digital asset market growth. A Digital Advisory Committee will be formed to collaborate on client-driven solutions for increasing digital asset adoption. These partnerships, expected to finalize soon, signal a robust commitment to building a regulated and transparent digital asset market, supporting a variety of products and services.

Cboe Global Markets (CBOE) announced a 4% increase in its quarterly cash dividend to $0.50 per share for Q3 2022, marking the 12th consecutive year of dividend hikes. The dividend is payable on September 15, 2022, to stockholders of record as of August 31, 2022. This decision reflects the company's ongoing commitment to returning value to shareholders and underscores its strong financial performance.

Cboe Global Markets (CBOE) reported its July 2022 trading volume statistics, showing a significant increase in U.S. options trading. Average daily volume in SPX options hit an all-time high of 880k contracts, representing 42% of total SPX options volume. Canadian equities saw a record average daily volume with 1.09 million shares. European equities market share reached 24.7%, the highest since January 2016. Additionally, EuroCCP cleared a record 6.1 million sides in July, marking a 57.4% increase from June's figures.

Cboe Global Markets reported a strong second quarter for 2022, with net revenue reaching $424 million, up 21% year-over-year. Adjusted diluted EPS rose 21% to $1.67, despite a 278% decline in diluted EPS due to goodwill impairment. The company has increased its organic net revenue growth target for 2022 to 9-11% and for Data and Access Solutions to 10-13%. However, the digital asset market's downturn post-ErisX acquisition necessitated an accounting adjustment, reflecting a $220 million carrying value but not dampening Cboe's enthusiasm for digital assets.

Cboe Global Markets, Inc. (CBOE) announced on July 28, 2022, its initiative to migrate its data and analytics infrastructure to Snowflake's Data Cloud. This transformation aims to modernize Cboe's operations by enhancing speed, scalability, and efficiency in handling proprietary data. The migration will enable rapid analytics and improve operational capabilities for both internal teams and customers. Additionally, Cboe plans to utilize Snowflake for cybersecurity measures and explore new data products, reinforcing its commitment to cloud-based solutions.

Cboe Global Markets has expanded its Cboe Implied Correlation Index suite by introducing eight new volatility-related indices. These indices provide market participants insights into SPX options' implied volatility and correlation dynamics among S&P 500 stocks. This expansion aims to enhance risk management strategies by offering data across various maturities—one, three, six, nine, and twelve months—and delta skews. Intraday values for these indices are published in real-time, four times per minute, on the Cboe Global Indices Feed.

Cboe Global Markets (CBOE) reported trading volume statistics for June 2022, highlighting a 59.9% increase in index options contracts year-over-year. Overall, multiply-listed options rose slightly by 0.2%, while U.S. equities on-exchange grew by 9%. Notable achievements include a record average daily volume of 2.3 million for S&P 500 index options. The company indicated preliminary guidance for second-quarter RPC/net revenue capture, suggesting a stable trend across various product lines. Despite strong performance in certain areas, Canadian equities showed a significant decline of 19% compared to the previous year.