Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets (CBOE) reported strong trading volume for October 2021, with an average daily volume (ADV) of 10,289 contracts for multiply-listed options, a 31.6% increase from October 2020. Notable highlights include a record ADV of 1,966 contracts for MSCI EAFE Index options and a significant 58% rise in Non-Deliverable Forwards (NDFs) ADNV, reaching approximately $902 million. Cboe's European block trading platform was the largest in the region, securing a 30.2% market share. Overall, the data reflects a robust performance across multiple asset classes.

Cboe Global Markets (CBOE) announced its agreement as a limited partner in the acquisition of Trading Technologies International, Inc. (TT) by 7RIDGE. This strategic investment aims to support TT's global growth in trading software and solutions. Trading Technologies will maintain independence, focusing on enhancing its cloud-based SaaS offerings. Cboe plans to finance this investment with cash and increased debt, although it states the investment is not materially impactful to its financials. The deal is pending regulatory approvals and customary closing conditions.

Cboe Global Markets (CBOE) reported strong financial results for Q3 2021, achieving double-digit year-over-year earnings growth driven by increased trading in proprietary products and high demand for data solutions. Key milestones included the launch of a European Derivatives platform and the integration of Chi-X Asia Pacific. The company plans to enter the digital asset market with the acquisition of ErisX and anticipates expanding trading options in the near future. Additionally, Cboe raised its full-year revenue growth targets, demonstrating confidence in ongoing strategic investments.

Cboe Global Markets, Inc. (CBOE) plans to list additional LEAPS® options on the S&P 500 Index (SPX) with expiration dates in December 2024, 2025, and 2026, starting November 1, 2021. These longer-dated options provide market participants with effective tools to manage risk over extended periods. The offerings target institutional investors and aim to facilitate trading in a regulated environment, enhancing price discovery and liquidity. Cboe has partnered with Optiver to ensure liquidity and client order flow for these listings.

Cboe Global Markets (CBOE) announced its new Cboe Global Cloud, launching on November 1, 2021, powered by Amazon Web Services (AWS). This real-time, cloud-based market data streaming service aims to improve access to Cboe's data for global market participants. It consolidates Cboe's data products onto a single platform, reducing inefficiencies associated with traditional methods. The service will initially offer access to U.S. Equities, Futures Exchange data, and Streaming Market Indices from the U.S., UK, and Hong Kong. Future expansions will cover more geographies and asset classes.

Cboe Global Markets (CBOE) has announced the launch of Nanos by Cboe, a new options contract aimed at making options trading accessible to retail traders. Set to debut with S&P 500 Index options in Q1 2022, Nanos contracts are significantly smaller, allowing traders to start small while developing their skills and confidence. This initiative addresses the barriers faced by retail investors due to standard contract sizes. Cboe also plans to complement this launch with an educational curriculum through the Cboe Options Institute.

Cboe Global Markets has declared a quarterly cash dividend of $0.48 per share for Q4 2021. This dividend is set to be paid on December 15, 2021, to shareholders of record as of November 30, 2021. Cboe continues to demonstrate its commitment to return value to shareholders while maintaining robust market operations across various asset classes in North America, Europe, and Asia Pacific.

Cboe Global Markets (CBOE) and MSCI Inc. have signed a licensing agreement that strengthens their collaboration and extends Cboe's rights to offer options trading on MSCI global indices through 2031. This agreement builds on their history of partnership and introduces opportunities to pursue new initiatives across capital markets, enhancing product offerings. Cboe will maintain rights to develop index options on key MSCI indices and will also be able to offer options on four new ESG indices. The collaboration aims to drive innovation and provide better tools for market participants, reinforcing Cboe's position in the derivatives market.

Cboe Global Markets has announced the acquisition of Eris Digital Holdings, LLC (ErisX), enhancing its presence in the digital asset sector. This move allows Cboe to enter the digital asset spot and derivatives markets, leveraging ErisX's regulated infrastructure and technology. The acquisition aims to address regulatory compliance and market transparency, positioning Cboe Digital as a competitive player in the cryptocurrency space. The deal, expected to close in the first half of 2022, will be financed through a combination of cash and increased debt, with no material financial impact disclosed.