Cboe Global Mark Stock Price, News & Analysis

Cboe Global Markets (CBOE) plans to launch Cboe® iBoxx® $ Emerging Market Bond Index futures (IEMD) on June 17, pending regulatory approval. These futures will provide exposure to U.S. dollar-denominated bonds from emerging market governments and sub-sovereign issuers. The IEMD futures are designed to aid investors in hedging existing exposures, implementing relative value strategies, and managing interest rate and credit risk. The underlying index boasts 535 constituents across 46 countries, with a total outstanding amount of $1.03 trillion as of April 2024. The launch marks an expansion of Cboe's credit market products, aiming to offer operational simplicity and reduced counterparty risk through exchange trading and central clearing.

Interactive Brokers has joined Cboe Europe Derivatives (CEDX) as a trading participant and will offer its clients access to CEDX's equity derivatives. This move is expected to enhance the efficiency of European derivatives markets by lowering barriers to entry for institutional and retail investors.

CEDX, which launched in 2021, recently expanded its product offerings to include over 300 equity options from 14 countries. Interactive Brokers’ participation as a trading and clearing participant will provide greater flexibility and choice for its clients.

CEDX's equity options are cleared by Cboe Clear Europe, allowing for significant margin reductions and settlement efficiencies. This partnership is seen as a significant milestone in the development of European derivatives markets.

Cboe Global Markets has announced a quarterly cash dividend of $0.55 per share for the second quarter of 2024. The dividend is scheduled for payment on June 14, 2024, to shareholders on record as of May 31, 2024. This decision reflects Cboe's continued commitment to returning value to its shareholders.

Cboe Global Markets (CBOE) announced the preliminary results of its 2024 Annual Meeting. All 12 nominees for the board of directors, who served during the 2023-2024 term, have been re-elected with a majority vote. The board members will serve one-year terms expiring in 2025. Key approvals included executive compensation, the appointment of KPMG LLP as the independent public accounting firm for 2024, and a management proposal allowing stockholders with 25% ownership to call special meetings. However, a proposal to grant stockholders the same right at a 10% ownership threshold was rejected. Full details can be found in the proxy statement on the Cboe investor relations website.

Cboe Global Markets and Metaurus Advisors, are partnering to launch three new US equity indices: the Cboe US Large Cap 100 Index, the Cboe US Large Cap Lead 50 Index, and the Cboe US Large Cap Lag 50 Index. These indices leverage Cboe's derivatives-based indexing capabilities and Metaurus' Dynamic Reassignment technology. Plans include developing tradable futures products based on the indices, subject to regulatory review.

Cboe Global Markets, a leading derivatives and securities exchange network, reported April trading volume statistics. The data includes average daily trading volume, market share by business segment, and volume in select index products. U.S. Options Trading in Cboe Volatility Index (VIX) options hit a record high. Cboe Japan achieved a record market share. Global FX had strong performance with a new record in spot Full Amount ADNV.

Cboe Global Markets reported strong financial results for the first quarter of 2024, with a record net revenue of $502.1 million, up 7% year-over-year. Adjusted Diluted EPS increased by 13% to $2.15, and the company anticipates organic total net revenue growth to be at the higher end of the 5-7% range in 2024. Cboe also lowered its adjusted operating expense guidance to $795-$805 million from $798-$808 million. The company's digital asset business is being refocused to drive operating efficiencies. Overall, Cboe is optimistic about the strong start to 2024 and aims to deliver durable returns to shareholders.