Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets (CBOE) announced notable trading volume statistics for August 2021. The average daily volume (ADV) for multiply-listed options increased by 15.3% year-over-year, reaching 9,458 contracts. Index options also saw a rise of 28.4% to 1,775 contracts. However, U.S. equities on-exchange ADV declined by 7.2% to 1,269 million matched shares. Cboe's European block trading platform captured a record 30.6% market share. Additionally, record highs were reported in Russell 2000 Index options and average daily notional value in Non-Deliverable Forwards, indicating solid market performance overall.

Cboe Europe has successfully launched Cboe Europe Derivatives (CEDX), a new futures and options marketplace based in Amsterdam. Trading commenced on September 6, 2021, with contracts cleared by EuroCCP, enhancing trading efficiencies. CEDX offers products based on Cboe's European indices, such as the Cboe Eurozone 50. The launch represents a strategic move to broaden Cboe's offerings in the European equity derivatives market, aiming for future growth and diversification.

Cboe Global Markets (CBOE) will launch futures on the AMERIBOR Term-30 interest rate benchmark on September 13, 2021, pending regulatory review. The AMERIBOR Term-30, provided by the American Financial Exchange, offers a forward-looking short-term interest rate for financial institutions. These cash-settled futures are intended to help banks manage interest rate risks as they transition away from LIBOR. Cboe also plans to introduce AMERIBOR Term-90 futures later this year, further expanding their offerings in interest rate products.

Cboe Global Markets (CBOE) announced a 14% increase in its quarterly cash dividend to $0.48 per share for Q3 2021, up from $0.42 in the previous quarter. This marks the 11th consecutive year of dividend increases, reflecting the company's robust financial standing. The dividend is scheduled for payment on September 15, 2021, to shareholders recorded by August 31, 2021. CEO Ed Tilly emphasized ongoing growth strategies aimed at enhancing shareholder value.

Cboe Global Markets announced that trading volume in Cboe iBoxx iShares High Yield Corporate Bond Index futures reached a record high in July 2021, surpassing $5 billion in total notional value. With 39,919 contracts traded, this represents a 52% increase from the previous month. Michael Mollet, VP of Futures at Cboe, highlighted the liquidity and increasing volume in IBHY futures as key indicators of their growing importance for investors. The IBHY futures, cash-settled and based on USD-denominated high yield corporate debt, provide an efficient tool for managing credit risk.

Cboe Global Markets (CBOE) reported strong trading volume for July 2021, with key highlights including:

• Record high for iBoxx iShares High Yield Corporate Bond Index futures, trading over $5 billion.
• Russell 2000 Index options reached nearly 1.2 million contracts, the highest since October 2018.
• S&P 500 Index options had the highest monthly average daily volume for the year at 1.4 million contracts.
• Non-Deliverable Forwards (NDFs) saw a record of $369 million in average daily notional value.

Cboe Global Markets, a leader in market infrastructure, announced that Chris Isaacson and Brian Schell will present at the UBS Financial Services Virtual Conference on August 10 at 1:00 p.m. ET. This presentation will provide insights into the company's market strategies and future outlook. Investors can access the live webcast and subsequent replay on the Cboe website under Events and Presentations. The archived version will be available shortly after the event.

Cboe Global Markets (CBOE) announced a discrepancy between the calculated values of its spot Cboe Volatility Index® (VIX® Index) and the methodology outlined in its VIX White Paper. Although most calculations aligned with the White Paper, some instances resulted in the prior index value being disseminated instead of the current value. The company is investigating these discrepancies and believes that the impact on VIX futures and options remains minimal. Cboe plans to release an addendum to the VIX White Paper and will seek public consultation on any proposed changes.

Cboe Global Markets reported strong financial results for Q2 2021, showcasing significant year-over-year revenue growth due to heightened trading in proprietary index products and increased demand for data solutions. The acquisition of Chi-X Asia Pacific on July 1 has strengthened Cboe's position in the global market. The company raised its organic revenue growth target for recurring non-transaction revenue to 12-13%, up from 10-11%. Cboe returned nearly $79 million to shareholders via buybacks and dividends, maintaining a robust financial position moving into the second half of the year.