In October, we acquired pan-European clearinghouse EuroCCP, announced plans for Mini VIX futures, shared market insights and more. Follow us on Twitter for daily updates as we continue defining markets and check back here at the end of November for our next monthly update.
Cboe FX Launches Cboe Swiss
On October 1, Cboe FX announced the launch of Cboe Swiss, a new platform designed to open unique liquidity opportunities for our clients in the global non-deliverable forwards (NDF) market. As electronification in the NDF market increases, Cboe FX is leveraging its strong technology platform, data-driven approach to liquidity management and global footprint through Cboe Swiss.
Learn more about Cboe Swiss >>>
Cboe Reports September 2020 Trading Volume
Cboe reported its September 2020 trading volume on October 5. Highlights included, average daily volume (ADV) increases in options, futures, U.S. equities, European equities and global FX, as well as a total options and U.S. equities volume increases of 34 percent year-over-year. Additionally, ADV in SPX options, VIX futures and VIX options was up 20 percent, 22 percent and 5 percent, respectively.
Read the full September 2020 volume report >>>
Volatility and the 2020 U.S. Presidential Election
The 2020 U.S. presidential election is projected to be unlike any other in recent history, and the market is responding accordingly. Historically, expected volatility has climbed higher in the months leading up to Election Day, but in 2020, that expected volatility has been driven significantly higher than in election years past. Cboe’s 2020 election blog covers how the market is responding to election-related news and events.
Learn more about volatility and the U.S. election >>>
Cboe Mourns the Loss of Founder and First President Joseph Sullivan III
Joseph Sullivan III, the Founder and first President of the Chicago Board Options Exchange, passed away on October 2, 2020. In a statement issued on October 12, Cboe extended condolences to the Sullivan family and held a moment of silence on the trading floor in honor of Sullivan on October 13. Cboe is exceptionally grateful for Sullivan’s vision and drive to launch Cboe 47 years ago, establishing the listed options industry in the U.S. Read Cboe’s full statement at the link below and find tributes to Sullivan in The Wall Street Journal, FOW, Chicago Tribune, Chicago Sun-Times and John Lothian News.
Read Cboe’s Statement on the Loss of Joseph Sullivan III >>>
Cboe Agrees to Acquire BIDS Trading
On October 16, Cboe announced it entered into a definitive agreement to acquire BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume in the U.S. The planned acquisition of BIDS Trading will provide an opportunity for Cboe to diversify its U.S. equities offering beyond traditional exchange products and services and provide Cboe with a significant foothold in the off-exchange segment of the U.S. equities market. Cboe has already employed block trading to great effect in European equities trading through our partnership with BIDS Trading on Cboe LIS and ownership of BIDS Trading will provide additional opportunities to expand Cboe’s presence in North American equities.
Learn more about Cboe’s Planned Acquisition of BIDS Trading >>>
Cboe Becomes the Primary Listing Exchange for O’Shares ETFs
The entire suite of O’Shares ETFs successfully transferred to Cboe BZX Exchange from NYSE Arca on Monday, October 19. The suite of ETFs includes the O’Shares U.S. Quality Dividend ETF (OUSA), O’Shares Global Internet Giants ETF (OGIG), O’Shares U.S. Small-Cap Quality Dividend ETF (OUSM), and O’Shares Europe Quality Dividend ETF (OEUR). Each ETF reflects O’Shares’ rules-based investment philosophy, including quality as an important characteristic. O’Shares ETFs are designed for investors with objectives ranging from wealth preservation and income to growth and capital appreciation.
Learn more about O'Shares ETFs and Cboe Listings >>>
Cboe Global Markets Declares Fourth-Quarter 2020 Dividend
On October 28, the Cboe Global Markets Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock for the fourth quarter of 2020. The fourth-quarter 2020 dividend is payable on December 15, 2020, to stockholders of record as of November 30, 2020.
Read the full dividend announcement >>>
Cboe Global Markets Reports Results for Third Quarter 2020
Cboe reported results for the third quarter of 2020 on October 30. The company reported diluted Earnings Per Share (EPS) for the quarter of $1.01, up seven percent compared to third quarter 2019. Additionally, the company returned $88 million to shareholders through share repurchases and dividends.
Read the full fourth quarter earnings release >>>
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