Cboe Global Markets, Inc. Common Stock
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About
Cboe Global Markets, Inc. (CBOE) is a Chicago-based financial exchange operator best known as the creator of the VIX volatility index and a leading marketplace for U.S. options trading.
The company earns revenue primarily by operating exchanges and providing related services. It operates through distinct segments focused on different asset classes and geographies. Its Options segment offers trading and clearing for index and equity options, including the widely followed S&P 500 index options. The North American Equities segment runs stock exchanges and provides listing services for exchange-traded funds (ETFs) and other securities. Its international operations are grouped into the Europe and Asia Pacific segment, which offers derivatives and equities trading across those regions.
Cboe also operates a Futures segment centered on trading VIX futures contracts and other derivatives, and a Global FX segment for institutional foreign exchange trading. Beyond transaction fees, the company generates revenue from market data licensing and access services. It maintains strategic index licensing relationships with major providers like S&P Dow Jones Indices. Originally founded in 1973 as the Chicago Board Options Exchange, the company rebranded to Cboe Global Markets in 2017 to reflect its expansion beyond its U.S. options roots into a multi-asset global exchange network.