Cboe Global Markets Unveils Strategy Shift With Focus on Core Growth and Portfolio Realignment

Reuters12-09
Cboe Global Markets Unveils <a href="https://laohu8.com/S/MSTR">Strategy</a> Shift With Focus on Core Growth and Portfolio Realignment

Cboe Global Markets Inc. outlined several strategic actions in its latest investor presentation. The company announced plans to initiate a sales process for its Australia and Canada operations and to discontinue its U.S. and European Corporate Listings efforts. Cost reductions are being pursued in U.S. and European ETP Listings, Cboe Europe Derivatives, and several Risk and Market Analytics businesses. Cboe reported a 14% year-over-year increase in net revenues for the year-to-date period, driven by continued growth in both transaction and non-transaction activities. Derivatives revenue rose by 16%, with total options average daily volume $(ADV)$ up 23%. Notably, SPX options ADV increased by 24.2% year-over-year, and SPX 0DTE options ADV grew by 49.9%. Other segments, including Data Vantage and Global FX, also posted double-digit revenue growth. The company stated its focus remains on optimizing its core businesses-Index Options, Multi-List Options, Futures, U.S. and EU Equities, and FX-while capitalizing on emerging industry trends. You can access the full presentation through the link below.

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