Cboe Global Mark Stock Price, News & Analysis

Cboe Europe, a subsidiary of Cboe Global Markets (CBOE), announced plans to launch Cboe Europe Derivatives on September 6, 2021, pending regulatory approval. This new market, based in Amsterdam, aims to enhance the European equity derivatives landscape. Cboe has garnered support from major banks and trading firms, including Goldman Sachs and Morgan Stanley, to ensure liquidity. The initial offerings will include futures and options on six Cboe Europe Indices, with plans to expand based on demand. The initiative aims to create a more efficient and competitive trading environment in Europe.

Cboe Global Markets (CBOE) announced plans to extend global trading hours for its S&P 500 Index (SPX) and Cboe Volatility Index (VIX) options to nearly 24 hours a day, starting Q4 2021, pending regulatory approval. This extension aims to enhance access for global market participants, allowing for efficient risk management and responsiveness to macroeconomic events. The current trading session runs from 3:00 a.m. to 9:15 a.m. ET, with the new hours from 8:15 p.m. to 9:15 a.m. ET. The move complements Cboe's expansion into Asia Pacific markets.

Cboe Global Markets reported strong trading volume metrics for March 2021, achieving a record 266 million options contracts traded, contributing to a quarterly record of 773 million contracts. Noteworthy highlights include a 19% sequential increase in average daily volume for index options and significant growth in VIX futures volume. However, U.S. equities exchange-matched volume for Q1 is anticipated to be lower than average due to a shift in share pricing. Revenue capture is expected to vary across segments, with mixed guidance for options and equities.

Cboe Global Markets has received SEC approval to introduce periodic auctions on the Cboe BYX Equities Exchange, expected to launch in Q3 2021. This innovative intraday auction mechanism aims to enhance liquidity and execution opportunities for investors, allowing them to interact with natural liquidity and execute larger orders with minimal market impact. Unlike traditional auctions, these periodic auctions will occur frequently and will not disrupt continuous market trading. Cboe expects these auctions to facilitate price discovery, particularly benefiting thinly-traded securities.

Cboe Global Markets (CBOE) has announced its acquisition of Chi-X Asia Pacific Holdings to enhance its footprint in the Asia-Pacific region, specifically in Australia and Japan. The deal, expected to close in Q2 or Q3 2021, aims to facilitate access to Cboe's proprietary product suite and expand its global equities business. Chi-X Asia Pacific, which generated $26 million in net revenue in 2020, is the second-largest securities exchange in Australia and a leading proprietary trading system in Japan. The acquisition is projected to be nominally accretive to Cboe's adjusted earnings in 2021.

Cboe Global Markets (CBOE) has announced the retirement of Tim Mahoney, President of BIDS Trading, with Bryan Harkins appointed as his successor. Harkins, an experienced leader, aims to expand BIDS Trading into new markets globally, including Asia Pacific. Mahoney's tenure saw BIDS grow into the largest equity block trading venue in the U.S. Additionally, Cboe plans to acquire Chi-X Asia Pacific Holdings, enhancing its equities business in Asia. The transition aims to maintain BIDS Trading's independent operations while positioning it for future growth.

Cboe Global Markets has promoted Catherine Clay to Executive Vice President and initiated a new Data and Access Solutions division. This division aims to integrate the company's data solutions with its market data services, enhancing customer access to real-time and historical data from various asset classes. The company anticipates organic revenue growth of 6-7% in its proprietary non-transactional revenue category, targeting approximately $350 million in 2021. Clay's leadership is expected to optimize efficiency in delivering information solutions globally.

Cboe Global Markets (CBOE) will release its Q1 2021 financial results on April 30, 2021, before the market opens. A conference call with senior management will follow at 7:30 a.m. CT (8:30 a.m. ET). Participants can join via a live audio webcast on the company's Investor Relations page. Cboe provides advanced trading solutions across various asset classes globally, including options, futures, and equities, and is known for its innovation in market products.

Cboe Global Markets (CBOE) reported a strong performance in February 2021, highlighting significant trading volume increases in various sectors. Options volume rose 19% year-over-year, while U.S. Equities exchange matched volume surged 53.9% compared to February 2020. Notably, Cboe EDGX reached a record 24.10 billion shares traded in February. Futures volume declined 28.9%, reflecting market adjustments. Global FX trading also saw record activity with significant notional values. Overall, February marked a series of new records across different trading platforms.