Cboe Global Markets, Inc.
FormerlyCBOE Holdings, Inc.
Company typePublic company
IndustrySecurity & commodity exchanges
Foundedas Chicago Board Options Exchange 1973; 51 years ago (1973)
FounderChicago Board of Trade
Headquarters,
U.S.
Key people
  • Fredric J Tomczyk (CEO)
  • Chris Isaacson (COO)
  • Jill Griebenow (CFO)
RevenueIncrease US$3.96 billion (2022)
Decrease US$490 million (2022)
Decrease US$235 million (2022)
Total assetsIncrease US$7.00 billion (2022)
Total equityDecrease US$3.47 billion (2022)
Number of employees
1,543 (December 2022)
Websitecboe.com
Footnotes / references
[1]

Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.

History

Founded in 1973 by the Chicago Board of Trade and member owned for several decades, on March 11, 2010 the Chicago Board Options Exchange (CBOE) filed paperwork to launch an initial public offering[2] and began trading on the NASDAQ stock exchange on June 15, 2010.[3]

In September 2011, CBOE Stock Exchange (CBSX) entered into an agreement to acquire the National Stock Exchange. The acquisition was completed on December 30, 2011 with both exchanges to operate under separate names. The National Stock Exchange continued to be based in Jersey City.[4] The National Stock Exchange ceased trading operations on May 30, 2014. The closure brought the number of active stock exchanges in the United States to 11, as the CBOE Stock Exchange had closed the month prior. Wrote Bloomberg, that left "just one public exchange, Chicago Stock Exchange Inc., that isn't owned by Bats, Nasdaq OMX Group Inc., or IntercontinentalExchange Group Inc."[5]

In June 2015, CBOE announced its acquisition of the LiveVol platform, a market data services provider.[6]

In January 2016, CBOE announced it had purchased a majority stake in Vest Financial, an investment adviser specializing in "options-centric products".[7]

In September 2016, it was announced that CBOE was purchasing BATS Global Markets, effective in early 2017, for approximately US$3.2 billion.[8]

In October 2017, the company rebranded from CBOE Holdings to Cboe Global Markets in a global rebrand.[9]

In June 2021, Cboe announced that it had completed its acquisition of Chi-X Asia Pacific which had operated an alternative market operator and provided innovative market solutions. Through the acquisition, Cboe established a significant presence in the Asia Pacific region for the first time by gaining access to two of the world's largest securities markets in Japan and Australia.[10]

In May 2022, Cboe completed its acquisition of Eris Digital Holdings (ErisX), a US-based digital asset spot market, regulated futures exchange, and regulated clearinghouse.[11][12][13]

Exchanges

Cboe Global Markets owns and operates four options exchanges:

seven equities exchanges:

one futures exchange:

and one foreign exchange marketplace:

See also

References

  1. ^ "CBOE Global Markets 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 17 February 2023.
  2. ^ "CBOE files paperwork for IPO". Chicago Breaking Business. Archived from the original on 2010-03-14. Retrieved 2017-04-30.
  3. ^ Oneal, Michael (June 15, 2010). "CBOE garners $339 million in IPO". Chicago Tribune. Retrieved October 17, 2013.
  4. ^ "CBOE Stock Exchange Completes Acquisition of National Stock Exchange". ir.cboe.com (Press release). 9 January 2012. Archived from the original on 9 May 2012. Retrieved 14 February 2013.
  5. ^ Mamudi, Sam (2014-05-02). "National Stock Exchange Files With SEC to Halt Operations". Bloomberg.com. Bloomberg News. Retrieved 2014-06-15.
  6. ^ "Chicago Board Options Exchange - The World's Largest Options Exchange". ir.cboe.com (Press release). June 2, 2015. Retrieved 2016-05-12.
  7. ^ "Chicago Board Options Exchange - The World's Largest Options Exchange". ir.cboe.com (Press release). January 25, 2016. Retrieved 2016-05-12.
  8. ^ "CBOE Will Acquire BATS Global Markets for $3.2 Billion". fortune.com. 26 September 2016. Retrieved 27 September 2016.
  9. ^ a b "CBOE Holdings Becomes Cboe Global Markets, Unveils New Corporate Identity" (PDF). ir.cboe.com (Press release). October 17, 2017. Retrieved May 29, 2019.
  10. ^ "Cboe Global Markets Completes Acquisition of Chi-X Asia Pacific". www.prnewswire.com. Retrieved 1 February 2023.
  11. ^ "Cboe Global Markets completes acquisition of ErisX - The TRADE". www.thetradenews.com. Retrieved 2022-05-03.
  12. ^ "CBOE completes acquisition of ErisX". Finextra Research. 2022-05-03. Retrieved 2022-05-03.
  13. ^ "Cboe Global Markets acquires ErisX". www.hedgeweek.com. 2022-05-03. Retrieved 2022-05-03.