Cboe Global Mark Stock Price, News & Analysis

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.

Cboe Europe has received regulatory approvals to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, set to commence on September 6, 2021. This market will offer trading on six Cboe Europe indices, including the Cboe Eurozone 50 and Cboe UK 100, with EuroCCP providing clearing services. The launch is seen as a significant milestone and aims to enhance market efficiency for participants in Europe’s equity derivatives sector. Cboe's initiative reflects its commitment to becoming a leading global market infrastructure operator.

Cboe Europe announced an enhancement to its block trading platform, Cboe LIS, with the launch of Directed Indication of Interest (DIOI) functionality on July 12, 2021. This new service allows brokers to target IOIs to selected buyside clients, preserving anonymity until execution. Cboe intends to extend this service to Cboe NL LIS after regulatory approval. The service was initially deployed with Morgan Stanley as the first sellside client. Cboe LIS has reported a record market share of 24.8% and approximately €370 million in average daily notional value traded during Q2 2021.

Cboe Global Markets reported its trading volume statistics for June 2021, showing a 12.8% year-over-year increase in options volume. Total options volume reached 264,230 contracts, while futures volume decreased by 0.9%. U.S. equities matched volume saw a significant decline of 25.7%. For the second quarter guidance, RPC for options is expected to be 3-4% lower, primarily due to increased multi-listed options volume. Notably, U.S. equities on-exchange RPC is anticipated to drop 4-5% below the previous average, indicating challenges in revenue capture.