Cboe Global Mark Stock Price, News & Analysis

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.

Cboe Global Markets (CBOE) has launched the Cboe 3-Month Implied Correlation Index (COR3M), aimed at improving market participants' understanding of volatility factors in equity markets. This financial benchmark provides real-time estimates of expected correlations based on implied volatilities from S&P 500 component options. The index uses advanced methodologies and data from Cboe Hanweck to quantify market sentiment and aid in risk management. Cboe plans to expand the index to other maturities and will publish COR3M values throughout the trading day.

Cboe Global Markets, Inc. (CBOE) has successfully acquired Chi-X Asia Pacific Holdings, Ltd., gaining entry into Japan and Australia’s securities markets. This strategic move aims to enhance Cboe's global presence and expand its trading solutions. Chi-X Asia Pacific generated approximately USD 26 million in net revenue for the year ending December 2020, with a significant portion coming from non-transactional revenue. Cboe plans to integrate Chi-X Australia and Japan into its trading platform, thereby providing improved access to a broader range of products and services.

Cboe Global Markets (CBOE) plans to launch Cboe LIS powered by BIDS in Canada on February 1, 2022, subject to regulatory approval. This enhanced block trading service combines capabilities from MATCHNow and BIDS, aiming to provide better liquidity for buy-side and sell-side participants. The offering follows successful implementations in Europe, where Cboe LIS has achieved significant trading volume. Recent trends show increasing demand for MATCHNow’s Conditionals since 2019, including record trading volumes in March 2021. This expansion will strengthen Cboe's position in the global block trading market.

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 each business day starting November 21, 2021, pending regulatory review. This extension aims to meet increasing global demand for accessible trading opportunities, allowing investors to better manage risks in real-time, especially during macroeconomic events. The GTH session will operate from 8:15 PM ET to 9:15 AM ET, complementing the regular trading hours and introducing an additional curb session starting September 27, 2021.

Cboe Global Markets, Inc. (CBOE) has launched Cboe Empowers, a community engagement program aimed at supporting under-resourced students in Chicago through mentorship, scholarships, and educational resources. With an initial commitment of $2.5 million, Cboe Empowers collaborates with local organizations like the Greenwood Project and Working in the Schools (WITS) to provide opportunities from elementary education to career development. The initiative aims to expose students to various career paths and support them in securing employment opportunities in the financial industry.