Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets reported robust trading volumes for November 2020, reflecting significant growth in various segments compared to November 2019. Total options volume reached 217,088 contracts, up 49.9% year-over-year. The average daily volume (ADV) also surged to 10,854 contracts, marking a 49.9% increase. Notably, Cboe C2 Options Exchange set a new ADV record with over 1 million contracts. In contrast, futures volume fell by 19.9% year-on-year. Other highlights include substantial increases in U.S. equities matched volume and global FX trading value, indicating strong market activity.

Cboe Global Markets (CBOE) announced that Ed Tilly, Chairman and CEO, and Brian Schell, CFO, will present at the Goldman Sachs 2020 U.S. Financial Services Virtual Conference on December 8 at 1:40 p.m. ET. A replay of the presentation will be available shortly after at www.cboe.com. Cboe is a leader in trading and investment solutions across various asset classes, including options, futures, and equities, with a strong presence in both the U.S. and Europe.

Cboe Global Markets (CBOE) announced its October trading volume results, reporting significant year-to-date increases in various sectors. In October 2020, options volume reached 207,194 contracts, up 21.2% from October 2019. Cboe Options Exchange saw an average daily volume increase of 13%, while Cboe C2 options set a record with 22.3 million contracts traded. U.S. equities matched volume increased by 23.6%, and the market share for Cboe EDGX equaled a record 7.8%. However, futures volume declined by 9.1% year-to-date.

Cboe Global Markets (CBOE) will present at the Bank of America Future of Financials Virtual Conference on November 10, 2020, at 11:20 a.m. ET. The presentation will feature Ed Tilly, Chairman and CEO, and Brian Schell, CFO. A webcast and replay will be available on Cboe's website shortly after the event. Cboe is a leading market operator providing diverse trading solutions across various asset classes including options, futures, and equities globally. Headquartered in Chicago, it operates one of the largest exchanges in the U.S. and Europe.

Cboe Global Markets (CBOE) reported Q3 2020 results, showing solid adjusted EPS of $1.11 and adjusted EBITDA margin of 66%. Despite a 1% decline in net revenue to $292 million, primarily due to lower trading volumes, the company highlighted strong engagement from retail customers. Cboe announced key acquisitions, including MATCHNow and EuroCCP, aimed at diversifying its offerings. While total operating expenses rose by 4% to $152.7 million, effective tax rates increased, impacting net income. Cboe expects adjusted operating expenses for 2020 to be between $415 and $420 million.

Cboe Global Markets has declared a quarterly cash dividend of $0.42 per share for Q4 2020. The dividend is payable on December 15, 2020, to shareholders on record by November 30, 2020. This announcement underscores Cboe's commitment to returning value to its shareholders amidst its operations in various asset classes and geographies, as well as its standing as a leading trading solutions provider globally.

Cboe Global Markets (CBOE) announced plans to acquire BIDS Trading, the largest independent block-trading ATS in the U.S., pending regulatory review. This acquisition aims to diversify Cboe's U.S. equities offering and enhance its off-exchange capabilities, which represent over 40% of U.S. equity trading. BIDS generated approximately $42 million in net revenue over the past 12 months and is expected to contribute around $0.05 to $0.06 to Cboe's adjusted EPS in 2021. The deal will be funded with debt and is expected to close in early 2021.

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.