Welcome to our dedicated page for Cboe Global Mark news (Ticker: CBOE), a resource for investors and traders seeking the latest updates and insights on Cboe Global Mark stock.
Cboe Global Markets, Inc. reports developments across its global markets business, including derivatives, equities and FX trading, clearing and investment solutions. Recurring updates include monthly trading volume statistics, market share, revenue capture metrics, earnings releases and activity in proprietary index products such as S&P 500 Index options and the VIX Index.
Company news also covers Cboe's exchange operations, market-structure initiatives, regulatory engagement, strategic realignment actions and partnerships tied to its trading floor and market data services. The company traces its listed-options role to the launch of the first listed options exchange in 1973.
Cboe Global Markets has declared a quarterly cash dividend of $0.50 per share for Q4 2022. This dividend is payable on December 15, 2022, to stockholders of record as of November 30, 2022. The company remains committed to providing market participants with innovative trading solutions across multiple asset classes globally, affirming its status as a leader in market infrastructure.
Cboe Global Markets has rebranded EuroCCP to Cboe Clear Europe, effective immediately. This change signals its commitment to an open-access approach, now serving 47 trading venues and enhancing access to 95% of European equity trades. The volume of trades cleared through preferred providers surged to 40.5 million in 2022, up from 9.1 million in 2021. The rebranding aims to leverage Cboe's globally recognized name to facilitate growth and operational efficiencies. Cboe Clear Europe will continue offering diversified clearing services while operating as an independent subsidiary.
Cboe Global Markets reported substantial third quarter results, with diluted EPS of $1.41, up 26%, and adjusted diluted EPS rising to $1.74, an increase of 20%. Net revenue reached $442.4 million, reflecting a 20% growth. The company has raised its organic net revenue growth target for 2022 to 14-16%, up from 9-11%, while reducing adjusted operating expense guidance to $651-$659 million, down from $659-$667 million. The strong performance is attributed to growth in the derivatives market, data solutions, and cash markets, indicating robust ongoing demand.
Cboe Global Markets plans to launch trading of Mini S&P 500 Index (XSP) options during Global Trading Hours (GTH) starting December 11, 2022. This move will expand Cboe's current offerings, which include SPX and VIX options, enabling nearly 24-hour trading on business days. The introduction of XSP options allows traders to manage their positions with more precision and flexibility, catering to the growing demand for cash-settled, smaller-sized contracts. In October, Cboe reported record trading volumes, with over 60.8 million SPX options contracts and 1.3 million XSP contracts traded.
Cboe Global Markets (CBOE) reported record trading volumes for October 2022, with total U.S. options volume reaching 312.4 million contracts, the highest ever. Notably, S&P 500 Index options also hit records, achieving a monthly total of 60.8 million contracts. Cboe Europe Equities secured a market share of 26.5%, marking its highest position in Europe for the fourth consecutive month. Additionally, Canadian equities saw a significant increase of 189.9% year-over-year. These results indicate strong growth in various trading segments, enhancing Cboe's market resilience.
Cboe Global Markets (CBOE) signed a Memorandum of Understanding with SBI Holdings to explore collaboration in traditional and digital finance. This MoU aims to enhance resource sharing and create joint business opportunities, potentially expanding Cboe's footprint in Asia Pacific and allowing SBI to leverage Cboe's expertise in digital assets. Both companies recognize synergies in advancing the Japanese financial market and addressing investment behaviors among retail investors.
Cboe Global Markets announced the launch of a new research grant program during its Risk Management Conference (RMC) in Reykjavik, Iceland, with S&P Dow Jones Indices and MSCI as initial sponsors. This program aims to advance derivatives usage and market structures, offering access to Cboe historical data valued up to $35,000 for selected research proposals. Key areas of focus include derivatives performance, marketplace structures, risk management, and decision theory. The application period is from November 1 to December 2, 2022.
Cboe Global Markets has partnered with S&P Dow Jones Indices to develop the Cboe S&P 500 Dispersion Index, aimed at measuring implied dispersion within the S&P 500 Index. This new index will support investors in understanding portfolio diversification and executing dispersion trading strategies. Additionally, the Cboe S&P 500 Dispersion Index is the inaugural product from Cboe Labs, a new innovation division. Plans include creating a futures product based on this index, pending regulatory review.
Cboe Global Markets reported September 2022 trading volume statistics, revealing notable growth across various sectors. Highlights include a monthly record of 309.3 million U.S. options contracts traded and a 55% rise in index options volume. Average daily trading volume for U.S. equities on-exchange also increased by 5.2%. European equities achieved a market share of 24.9%, the highest since January 2016. Guidance for the third quarter indicates stable RPC and net capture metrics, with preliminary estimates showing slight increases across different categories.
Cboe Global Markets (CBOE) has joined the Pyth Network, becoming the first major global exchange operator to do so. This partnership will allow Cboe to provide real-time derived market data for ten symbols from its U.S. equities market, aimed at supporting the decentralized finance (DeFi) sector. This move reflects Cboe's commitment to the digital asset ecosystem, enhancing its market data offerings and expanding access to institutional-grade pricing information. Cboe also recently rebranded its acquisition of ErisX, now known as Cboe Digital, further solidifying its position in digital assets.