Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets reported significant trading volume growth for December 2020 and the full year, with total options volume increasing 38.6% year-over-year to 2.56 billion contracts. December's options ADV rose to 10.1 million contracts, marking an all-time high. U.S. equities matched volume also saw a 50.8% increase. However, futures contracts declined by 19.1% annually. The company anticipates a decrease in revenue per contract for options in Q4 2020 by 2-3% compared to prior averages, while U.S. equities RPC is expected to be 15-17% above the historical average.

Cboe Global Markets has successfully completed its acquisition of BIDS Trading, the largest independent block-trading ATS in the U.S. This strategic move positions Cboe to access over 40% of U.S. equities trading volume, enhancing its competitive edge in the off-exchange segment. The acquisition follows a fruitful partnership in Europe, where the Cboe LIS platform has grown significantly. BIDS Trading generated approximately $41 million in net revenue in the last year, and Cboe anticipates an immediate positive impact, expecting an adjusted EPS contribution of $0.05 to $0.06 in 2021.

Cboe Global Markets (CBOE) announces the election of Ivan Fong and Alexander J. Matturri, Jr. to its Board of Directors, increasing the total to 15 members. Fong, currently General Counsel at 3M, brings extensive legal experience, while Matturri, former CEO of S&P Dow Jones Indices, adds financial expertise. Cboe's leadership emphasizes that their appointments will enhance strategic initiatives, aiming for growth and sustainable returns for shareholders.

Cboe Global Markets (CBOE) will launch Mini-Russell 2000 Index options on the Cboe Options Exchange in Q1 2021, pending regulatory approval. This initiative aims to enhance market access for various participants by offering a smaller contract size—one-tenth of the standard option—catering to retail and institutional investors. The project highlights Cboe's collaboration with FTSE Russell and is expected to increase trading liquidity and participation in the U.S. small-cap equity market. Average daily volumes for Russell 2000 options are around 34,000 contracts, with total open interest exceeding 822,000 contracts.

Cboe Global Markets, Inc. (Cboe: CBOE) announced the transfer of ProShares Volatility ETFs to its BZX Exchange from NYSE Arca. This change takes effect on December 16, 2020, with the ETFs providing exposure to S&P 500 VIX futures indices. The transferred ETFs include VIXY, VIXM, UVXY, and SVXY, expanding Cboe's offerings to 22 ProShares ETFs. Cboe BZX Exchange, as of December 2020, ranks as the second-largest venue for exchange-traded products (ETPs) in the U.S., managing over $370 billion in assets.

Cboe Global Markets (CBOE) has signed an exclusive licensing agreement with CoinRoutes to use its RealPrice data for creating cryptocurrency market indices. The RealPrice data provides a consolidated Best-Bid-Offer from various exchanges, reflective of actual trading costs. Cboe will use this data to develop custom index solutions, enhancing market transparency and accuracy. The initiative aims to attract a larger customer base and improve tools for portfolio construction, risk measurement, and analytics. Cboe plans to offer this data on its Cryptocurrency channel by the end of Q1 2021.

Cboe Global Markets (CBOE) announced it will release its fourth-quarter financial results on February 5, 2021, before market opening. A conference call with management will follow at 7:30 a.m. CT (8:30 a.m. ET). Investors can access the call via the Cboe Investor Relations website, and a replay will be available post-call until February 12, 2021. Cboe operates major exchanges for options, futures, equities, and ETFs globally, with a strong presence in the U.S. and Europe.

Cboe Global Markets (CBOE) announced the planned retirement of Carol Kennedy, Senior VP and CMO, effective December 31, 2020, after 27 years of service. Stacie Fleming, currently VP Marketing and Communications, will be promoted to Senior VP, effective January 1, 2021. Kennedy has been instrumental in Cboe's transition to a for-profit entity and its IPO, leading global marketing and communications initiatives. Fleming, with a strong track record in Europe, is expected to bring fresh insights and guidance to Cboe's marketing strategies.

Cboe Global Markets, a leader in trading solutions, reported it has become the 2^nd largest primary listings venue for exchange-traded products (ETPs) in the U.S. This growth follows a record year, capturing 35% of new product launches and reaching over 400 ETPs with $370 billion in assets. Cboe's European market also saw a 115% rise in ETP listings. The company continues to expand its market share, showcasing a 1,400% increase in listings over five years, underscoring its commitment to innovative trading solutions.