Welcome to our dedicated page for Cboe Global Mark news (Ticker: CBOE), a resource for investors and traders seeking the latest updates and insights on Cboe Global Mark stock.
Cboe Global Markets, Inc. (Cboe: CBOE) is frequently in the news for developments across its derivatives and securities exchange network. Company press releases regularly report monthly and annual trading statistics, product launches, and corporate updates related to its role in equities, options, futures, FX and clearing services.
News coverage often highlights trading volume reports, where Cboe publishes average daily trading volume (ADV), average daily notional value (ADNV), and market share across business lines. These updates cover multi-listed options, proprietary index options, futures, U.S. on-exchange and off-exchange equities, Canadian, European, Australian and Japanese equities, global FX, and Cboe Clear Europe cleared trades and settlements.
Investors and market participants can also follow announcements on new products and trading sessions. Recent examples include plans to extend Global Trading Hours for Russell 2000 Index (RUT) options, the launch of Cboe Magnificent 10 Index (MGTN) futures and options, and the introduction of Cboe Bitcoin and Ether Continuous Futures (PBT and PET) on Cboe Futures Exchange, subject to regulatory review.
Other Cboe news items include scheduling of earnings releases and conference calls, participation in industry conferences, and statements on regulatory developments such as leadership changes at the Commodity Futures Trading Commission. Together, these updates provide insight into Cboe's trading activity, product evolution and engagement with global markets and regulators.
This CBOE news page aggregates such company-issued announcements and related coverage, offering a centralized view of the latest reported trading statistics, product initiatives and corporate communications from Cboe Global Markets.
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.
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.
Summary not available.
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.