Cboe Global Markets (CBOE) had a strong quarter in 2024 with record revenues, beating estimates and achieving a Y/Y increase of 11% in global FX net revenue. Impressively, it reportedly topped Q2 EPS by 5c and surpassed estimates in terms of Q2 earnings, despite some impairments which led to profit falls. As a strategic move, a Chicago Active Developer purchased Cboe's former headquarters. The stock performed mixed in comparison to competitors: underperforming on some days but also showcased strong trading days. Cboe has introduced new and innovative initiatives including digital asset business realignments, a new US Treasury Market Volatility Index (VIXTLT), and plans to launch three new innovative equity indices. Future strategies aim to import more global trading into the US and expand credit futures in collaboration with Cboe® iBoxx® $ Emerging Market Bond Index Futures. Officers from the top tier of the company have recently sold shares, a move that can be interpreted in various ways by the market. Cboe has also commemorated 20 years of futures exchange and VIX futures trading, highlighting its long-standing presence and experience.
Cboe Global Markets CBOE News Analytics from Wed, 11 Oct 2023 07:00:00 GMT to Sat, 03 Aug 2024 05:08:26 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 4
