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, a prominent global market infrastructure provider, reported comprehensive trading volume statistics for December 2022 and the entire year. Key highlights include a record-breaking total options volume of 3.4 billion contracts in 2022, establishing an average daily trading volume (ADV) of 13.6 million contracts. Index options also showed remarkable growth, with a record of 714.7 million contracts traded. Notably, SPX options with zero days to expiry surged 83% in 2022. Projections for fourth-quarter revenue capture indicate minor declines across several product lines.
Cboe Global Markets announced the reopening of the VIX trading pit on December 28, 2022, after temporary closure due to water damage from a burst pipe. The VIX and VIXW options will be available for both electronic and open outcry trading. The relocation of the VIX trading pit is a necessary measure while repairs are conducted. Other trading products on the Cboe floor remain unaffected and operational. This reopening reflects Cboe's commitment to maintaining a robust trading environment amid unforeseen circumstances.
Cboe Global Markets announced that options on the Cboe Volatility Index (VIX) will trade electronically today due to a temporary closure of the VIX trading pit caused by water damage from a burst pipe. The trading floor remains open for all other options, including SPX and SPY products. Plans are in place to relocate the VIX trading pit to allow for floor trading to resume on December 28. A status update will be provided later today regarding the relocation.
Cboe Global Markets announced the appointment of Vikesh Patel as the new President of Cboe Clear Europe, effective early 2023, pending regulatory approval. He replaces Cécile Nagel, who stepped down in September. Patel brings over 15 years of experience, previously holding executive roles at SWIFT, LCH, Goldman Sachs, and Morgan Stanley. Under Cboe's ownership since July 2020, Cboe Clear Europe has grown significantly, achieving 47.7 million volumes in preferred clearing services in 2022, compared to 9.1 million in 2021, while also expanding into equity derivatives clearing.
Cboe Global Markets has elected Hillary A. Sale to its Boards of Directors for the Cboe U.S. Securities Exchanges, Cboe Futures Exchange, and Cboe SEF. This addition brings the total number of directors on each board to nine. Ms. Sale is a distinguished academic with roles at Georgetown University, and has prior experience on the FINRA Board of Governors. Cboe aims to leverage her expertise in leadership and corporate governance to enhance its multi-asset product strategy, as stated by CFO Brian Schell.
Cboe Global Markets (CBOE) will announce its fourth-quarter 2022 financial results on February 3, 2023, before the market opens. The company will host a conference call at 7:30 a.m. CT (8:30 a.m. ET) for discussion of the results. Investors can access the call through the Investor Relations section of the Cboe website. A replay will be available shortly after the call concludes, accessible until February 10, 2023.
Cboe Global Markets (CBOE) reported record trading volumes for November 2022 across its global business lines. U.S. options volume reached 313.4 million contracts, marking an all-time high. The Canadian Equities segment set a new monthly record of 28.2 million shares, while Global FX achieved a peak average daily volume of $15 billion. Cboe Europe Equities retained a market share of 24.7%, solidifying its position as Europe's largest stock exchange for the fifth month in a row. These results reflect robust trading activity and a growing market presence.
Cboe Digital has successfully completed a SOC 1 Type II audit of its clearing services platform, Cboe Clear Digital, solidifying its commitment to financial and operational controls in the cryptocurrency sector. Conducted by a prominent public accounting firm, the audit assessed the effectiveness of Cboe Clear Digital's transaction operations and reporting controls. In addition, Cboe Digital holds a SOC 2 Type II certification, focusing on system security and operational integrity. The exchange operates under licenses from the CFTC, enhancing confidence in its security protocols.
Cboe Global Markets has finalized minority equity partnerships with thirteen firms for its Cboe Digital business, aiming for a trusted, regulatory-first approach to digital assets. This initiative leverages Cboe's market expertise and aims to create a resilient ecosystem for digital assets globally. Investor partners include notable firms like Interactive Brokers and Robinhood, who will benefit from Cboe Digital's growth. The company plans to develop a Digital Advisory Committee to guide market development, focusing on transparency and customer protection in digital asset trading.
Cboe Global Markets announced that Ed Tilly, CEO, will present at the Goldman Sachs 2022 U.S. Financial Services Conference.
The event is scheduled for December 7, 2022, at 11:20 a.m. ET in New York City. A live webcast and replay will be available on Cboe's website shortly after the presentation.
Cboe, ticker CBOE, is a leader in market infrastructure, offering trading solutions across various asset classes globally.