Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets will present at Deutsche Bank's 11th Annual Global Financial Services Conference on June 1 at 1:25 p.m. ET. Presenters include Chris Isaacson, Executive Vice President and COO, and Brian Schell, Executive Vice President and CFO. The event will occur virtually, and a replay will be available shortly after at www.cboe.com. Cboe is known for its innovative trading solutions across various asset classes, making it a leading market globally.

Cboe Global Markets announced the preliminary results of its 2021 Annual Meeting, held on May 13, 2021. All 14 nominees for the board of directors were elected for one-year terms. Edward T. Tilly continues as Chairman for a fifth year, and Eugene S. Sunshine serves as Lead Director. Michael L. Richter did not stand for reelection. Shareholders approved executive compensation and ratified KPMG LLP as the independent accounting firm for 2021. Final voting results will be detailed in an SEC filing. More information is available on Cboe's Investor Relations website.

Cboe Europe announced the appointment of Natan Tiefenbrun as Senior Vice President, Head of European Equities, starting June 2021. He will lead the European equities trading business, reporting to David Howson. Tiefenbrun has a robust background in European equities, formerly serving as Managing Director at Bank of America and CEO of Turquoise at the London Stock Exchange. His leadership is expected to bolster Cboe's strategic growth plans, enhancing its position in the market. Cboe Europe’s market share reached 17.9% in April 2021, its highest since July 2020.

Cboe Global Markets reported its April trading volume statistics, highlighting a 6.8% year-over-year increase in total options volume, reaching 214,473 contracts. The average daily volume (ADV) for index options rose by 12%, while VIX options ADV surged 52%. Futures volume saw significant growth, with a 78.3% increase in total ADV. However, U.S. equities matched volume decreased by 27.8%. Notable gains were observed in European equities, with a market share increase to 17.9%. Overall, Cboe's diverse trading platforms showcased resilience amid mixed trading conditions.

Cboe Global Markets reported strong financial results for Q1 2021, with significant quarter-over-quarter increases in net revenue and trading activity across all segments. The company plans to acquire Chi-X Asia Pacific, enhancing its geographic and asset class footprint. Despite a year-over-year decline in earnings due to tough comparisons from last year's record results, Cboe returned nearly $93 million to shareholders through share repurchases and dividends. The company aims for a mid-term organic net revenue growth of 4-6% and remains committed to creating long-term value for shareholders.

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.