Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets, Inc. (CBOE) will announce its third-quarter financial results on October 30, 2020, before market opening. The conference call will start at 7:30 a.m. CT, where senior management will discuss the results. Investors can access the live audio webcast on Cboe's Investor Relations website. The call will also be available via telephone, with replay options provided. Cboe continues to be a leading provider of trading solutions across multiple asset classes globally.

Cboe Global Markets, one of the world's leading exchange holding companies, announced that Ed Tilly and Brian Schell will present at the Barclays Global Financial Services Conference on September 15, 2020, at 2:00 p.m. ET. The presentation will be available via webcast on www.cboe.com shortly after it concludes. Cboe offers innovative trading solutions across various assets, including options and futures, and is recognized for its significant presence in both U.S. and European markets.

Cboe Global Markets (CBOE) reported robust trading volumes for August 2020, showing notable increases in several segments. Total options volume reached 201.3 million contracts, an 8.2% rise from August 2019, while year-to-date volume surged 38.2% compared to the previous year. ADV for options rose across all exchanges, with Cboe C2 witnessing a substantial 28% increase. However, futures trading faced challenges, with volumes falling by 53.1% year-over-year. Despite dips in European and global FX volumes, the overall metrics reflect a positive trend in options trading.

Cboe Global Markets launched its Mini Cboe Volatility Index futures (ticker symbol: VXM) on August 9, 2020, with nearly 127,000 contracts traded in the first week. The product caters to a wide range of investors by offering a smaller contract size, requiring less capital while providing similar exposure to standard VIX futures. The trading volume peaked at 32,475 contracts on August 14. Arianne Criqui, Head of Derivatives at Cboe, expressed satisfaction with the initial customer participation, highlighting strong demand for volatility management tools.

Cboe Global Markets has declared a $0.42 per share cash dividend for Q3 2020, marking a 17% increase from the previous $0.36 dividend. The dividend, reflecting the company's financial strength, is payable on September 15, 2020, to stockholders of record as of August 28, 2020. This increase signifies Cboe's commitment to returning capital to shareholders, following a decade of uninterrupted dividend growth since its IPO.

Cboe Global Markets (CBOE) has announced the election of Jennifer McPeek to its Board of Directors, filling a vacancy and expanding the board to 13 members. McPeek, with a strong background in finance, previously served as the Chief Financial Officer of Russell Investments and Janus Capital Group. Cboe's CEO, Ed Tilly, expressed confidence that her experience will enhance the board's leadership and support the company's strategic initiatives aimed at growth and shareholder value. Cboe is a leading exchange holding company, providing diverse trading solutions worldwide.

Cboe Global Markets (CBOE) reported its trading volume for July 2020, showing significant growth in options trading and a substantial increase in equities volume. Total options volume reached 197,011 contracts, up 32.9% from July 2019, while U.S. equities volume rose to 35,414 million shares, a 48.3% year-over-year increase. Although futures trading witnessed a decline of 39.2%, July marked a solid month for Cboe with notable advancements in its equity exchanges, particularly with Cboe BZX, which saw a 58% increase in average daily volume. The report reflects a positive trend in trading activity across multiple asset classes.

Cboe Global Markets (CBOE) announced the successful acquisition of MATCHNow, Canada's largest equities alternative trading system, on August 4, 2020. This strategic move expands Cboe's reach in the Canadian capital markets, with MATCHNow capturing nearly 65% of Canada's dark trading market. The acquisition is expected to be immediately accretive, adding approximately $0.01 to earnings per share in 2020. MATCHNow generated over CAD 10 million in revenue in 2019, enhancing Cboe’s equities product capabilities and market competition.