Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets announced the launch of the first cash-settled index options for spot Bitcoin, starting December 2. The options will be based on the new Cboe Bitcoin U.S. ETF Index (CBTX), designed to track spot Bitcoin ETF performance. The offering includes standard-sized options, mini options at 1/10th the notional value, and FLEX options for customization. These SEC-regulated products will feature cash settlement and European-style exercise, eliminating early assignment risks and physical delivery complexities. The initiative expands Cboe's digital assets derivatives offerings, complementing their existing Bitcoin and Ether futures products.

Cboe Global Markets has released results from its first European retail investor survey, showing strong demand for exchange-traded equity options and financial education. The survey, conducted by Cboe Europe Derivatives (CEDX) and The Options Institute, revealed that 62% of current derivatives users are interested in trading stock options, with capital protection and hedging being primary motivations.

Among derivatives prospects, 54% expressed interest in stock options trading, though 66% indicated they need more basic financial education. In response, The Options Institute plans to expand into Europe in early 2025, offering comprehensive educational resources in multiple languages including English, Spanish, Dutch, and German.

Cboe Global Markets reported its October 2024 trading volume statistics across global business lines. Key highlights include: multiply-listed options ADV decreased 3.9% year-over-year to 10,793k contracts; index options ADV declined 12.3% to 3,976k contracts; and futures ADV fell 36% to 187k contracts. However, some segments showed growth: Canadian Equities increased 15.5% to 158,622k matched shares, European Equities rose 13.6% to €10,534mn, and Japanese Equities surged 47% to ¥288bn. Notably, Cboe Europe Periodic Auctions achieved a record ADNV of €2.5 billion, while Cboe Clear Europe processed 117.5 million client trades, its highest monthly volume in 2024.

Cboe Global Markets (CBOE) reported strong financial results for Q3 2024, with record net revenue of $532.0 million, up 11% year-over-year. The company achieved diluted EPS of $2.07 (up 6%) and record adjusted diluted EPS of $2.22 (up 8%). Based on strong performance, Cboe increased its 2024 organic total net revenue growth guidance to 7-9% from 6-8%. Derivatives net revenue grew 13%, Cash and Spot Markets increased 12%, and Data and Access Solutions rose 6% year-over-year. The company also adjusted its 2024 operating expense guidance upward to $798-808 million from $795-805 million.

Cboe Global Markets (CBOE) has declared a quarterly cash dividend of $0.63 per share for the fourth quarter of 2024. The dividend will be paid on December 13, 2024, to shareholders who are on record as of November 29, 2024. This announcement comes from the world's leading derivatives and securities exchange network following a decision by their Board of Directors.

Cboe BZX Exchange, Inc. (BZX) has announced the delisting of securities for two companies: Vocodia Holdings Corp and SinglePoint Inc. The delisting affects the common stock and warrants of Vocodia Holdings Corp and the common stock of SinglePoint Inc. Both companies' securities were suspended from trading on September 11, 2024, and have not been traded on BZX since that date. This announcement, made on October 22, 2024, formalizes the removal of these securities from the Cboe BZX Exchange.

Cboe Global Markets and S&P Dow Jones Indices have announced plans to launch the Cboe S&P 500 Constituent Volatility Index (VIXEQ). This new index, set to launch on November 4, is designed to measure the market cap weighted 30-day implied volatility of a basket of S&P 500 constituents. The VIXEQ Index will be a direct component in calculating the Cboe S&P 500 Dispersion Index (DSPX), which was launched in September 2023.

The VIXEQ Index is based on the Cboe S&P 500 Dispersion Basket Index (DSPBX) and uses an adaptation of Cboe's proprietary VIX® Index methodology. This initiative aims to provide investors with insights into market volatility and implied dispersion, offering a view of S&P 500 Index moves relative to its constituent companies. The announcement was made at Cboe's 39th annual global Risk Management Conference in Snowbird, Utah.

Cboe Global Markets and Robinhood Markets Inc. have announced that Robinhood will soon offer Cboe's index options on its platform. This marks the first time Robinhood customers will have access to index options, including S&P 500 Index (SPX), Cboe Volatility Index (VIX), Russell 2000 Index (RUT), and Mini SPX (XSP) options. These products aim to provide new ways for retail investors to gain market exposure, hedge against volatility, generate income, and capitalize on market movements.

The collaboration responds to increasing demand for options trading, with U.S. options volumes exceeding 11 billion contracts in 2023, a 126% increase since 2019. Cboe's proprietary product suite has seen average daily volumes reach a record high of 4.2 million contracts in Q3 2024, up 13% from Q3 2023. To support this growth, Cboe's Options Institute has expanded its educational offerings for retail traders.

Cboe Global Markets (CBOE) announced the launch of Options on Cboe Volatility Index (VIX) Futures (Ticker: UX) on October 14. These CFTC-regulated options will physically settle into front-month VIX Futures, offering investors a new tool to manage U.S. equity market volatility. The product complements Cboe's existing securities-based VIX Index options and may allow more market participants to trade VIX options products.

Key features include:

• European-style exercise
• P.M. settlement
• Physical settlement into front-month VIX futures
• Initial listing of contract expirations for every day the week of October 21 with two additional Friday expirations

This launch follows Cboe's recent introduction of S&P 500 Variance (VA) futures, expanding their volatility product suite ahead of the U.S. election.