Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets (CBOE) released its trading volume statistics for April 2022, showcasing significant activity across various sectors. Key highlights include a record 26.9 million contracts traded in S&P 500 Index (SPX) Weeklys options, a 20.2% increase in multiply-listed options year-over-year, and Cboe Europe achieving a 22.99% market share, the highest since November 2018. However, Canadian equities saw a notable decline of 29.5% compared to the previous year, and U.S. equities matched shares were down 16.6% during the same period.

Cboe Global Markets has announced the completion of its acquisition of Eris Digital Holdings, LLC (ErisX), enabling entry into the digital asset spot and derivatives markets.

This acquisition allows Cboe to enhance its digital asset offerings, develop market data solutions, and leverage a network of industry partners for broader client-driven solutions. Cboe anticipates that ErisX will achieve EBITDA profitability within 2-3 years, positioning itself as a leader amid increasing regulatory focus on digital assets.

Cboe Global Markets reported strong first-quarter 2022 results, with diluted EPS at $1.02, a 20% decrease year-on-year, while adjusted diluted EPS rose 13% to $1.73. Net revenue increased by 14% to $418 million. The company reaffirmed its 2022 organic net revenue growth target of 5-7% and increased its Data and Access Solutions target to 8-11%. Cboe is poised for further growth with the anticipated acquisitions of NEO and ErisX and the expansion of its SPX Weekly Options product suite.

Cboe Global Markets (CBOE) announced the upcoming launch of new equity index futures and options on April 27, 2022, on Cboe Europe Derivatives in Amsterdam. This expansion includes four additional country index benchmarks, increasing the total to 20 products available for trading. The move aims to broaden Cboe's equity index product suite, enhancing customer tools for managing European index exposures. The clearing of these new products will be handled by EuroCCP, further supporting the growth of CEDX, the pan-European derivatives marketplace.

Cboe Global Markets (CBOE) announced the addition of Tuesday and Thursday expirations for its S&P 500 Index (SPX) Weeklys options starting April 18 and May 11, respectively. This expansion allows for trading options every trading day, enhancing flexibility for investors. In 2021, SPX Weeklys options saw 247 million contracts traded, demonstrating their popularity. Market participants, including banks and trading firms, have positively responded to this initiative, indicating it will enhance liquidity and facilitate more precise trading strategies.

Cboe Global Markets reported significant trading volume statistics for March 2022, showcasing a record-breaking performance in various segments. Average daily volume in multiply-listed options reached 10,604k contracts, a 1.8% increase YoY. Index options surged 28.4% to 2,303k contracts, while futures saw a decline of 15%. U.S. equities on-exchange showed a 4.7% decrease, with significant dips in Canadian equities by 33.5%. European equities experienced a notable 69.8% growth. Notably, Cboe set records in options and European equities trading, indicating strong market engagement.

Cboe Global Markets (CBOE) announced key executive promotions to support its global expansion strategy. Tim Lipscomb has been appointed as Chief Technology Officer, previously serving as COO of Cboe Europe, while Stephanie Renner ascends to SVP, International Finance, from CFO of Cboe Europe. Both executives will relocate to Kansas City. Cboe aims to integrate global operations and enhance its technology platform to boost growth, with remarks highlighting the importance of technology in expanding market presence and delivering value.

Cboe Global Markets announced the appointment of Stephen Berte as President of its BIDS Trading unit, effective April 4, 2022. With nearly 20 years of experience in equity trading, Berte has previously worked with Tourmaline Partners and Standard Life Investments. Cboe's BIDS Trading has led U.S. block trading for 65 months, holding a 73% market share as of January 2022. Following the successful launch of BIDS Canada in February, Cboe plans to introduce BIDS Australia and Japan in 2023, enhancing its global trading footprint.

Cboe Global Markets (CBOE) announced senior management changes to support its global expansion, with David Howson appointed as President, effective May 12, 2022. These shifts reflect the company's growth and aim to enhance customer-led innovation and operational integration. Ed Tilly, CEO and Chairman, emphasized Howson's contribution to Cboe's strategic initiatives, including mergers and acquisitions and product development, positioning the company for further growth in the derivatives and securities networks.