Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets reported record trading volumes for November 2021, with total options volume reaching 285.7 million contracts, a 32% increase from November 2020. Key highlights included record average daily notional value of €584 million on Cboe LIS, along with significant trading in global products such as S&P 500 options. Notably, Cboe achieved strong performance across various indices despite a decline in U.S. Equities off-exchange volumes.

Cboe Global Markets (Cboe: CBOE) announced that Brian Schell and Catherine Clay will present at the Goldman Sachs 2021 U.S. Financial Services Conference in New York City on December 7 at 10:40 a.m. ET. The event will feature insights from Cboe's Executive Vice President, Chief Financial Officer, and Global Head of Data and Access Solutions. Investors can access the live webcast and a replay shortly after at www.cboe.com. Cboe is a leading provider of market infrastructure and trading solutions across multiple asset classes globally.

Cboe Global Markets presented its growth strategy and financial targets on November 16, 2021, during its 2021 Investor Day. The company aims for an organic total net revenue growth of 5% to 7% annually over the next 3 to 5 years, with a Return on Invested Capital target of at least 10%. CEO Ed Tilly emphasized leveraging global scale and innovation to enhance shareholder value. Cboe is focused on expanding its presence in key markets and enhancing its diverse product offerings.

Cboe Global Markets (CBOE) announced a definitive agreement to acquire Aequitas Innovations, known as NEO, a registered Canadian securities exchange. This acquisition is part of Cboe's strategy to enhance its presence in North America and aims to expand its equities offering. The deal is expected to close in the first half of 2022, pending regulatory approval. NEO will allow Cboe to operate a comprehensive platform for Canadian equities, potentially increasing its market share to over 16.5%. The acquisition will be funded through cash on hand and increased debt if needed.

Cboe Global Markets (Cboe: CBOE) announced plans for a new electronic trading platform for On-The-Run U.S. Treasuries, named Cboe Fixed Income, set to launch in Q2 2022 pending regulatory approval. This initiative marks Cboe's entry into the U.S. fixed income market, aiming to provide dealers with efficient liquidity sourcing and large order execution capabilities. The platform will utilize Cboe FX's technology and enhance trading experience through liquidity curation and analytics. Cboe is in the process of securing regulatory registrations as a government securities broker-dealer.

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.