SPY381.71+0.29 0.08%
DIA313.31+0.32 0.10%
IXIC12,962.18-35.57 -0.27%

Press Release: Cboe Global Markets Reports 2020 -3-

· 02/05/2021 07:30
Cboe Global Markets, Inc. Key Performance Statistics by Business Segment 4Q 2020 3Q 2020 2Q 2020 1Q 2020 4Q 2019 Options (ADV in thousands) Total industry ADV 32,197 29,535 28,243 28,014 19,492 Total company Options ADV 10,299 9,569 9,944 10,731 7,297 Multi-listed options 8,705 8,136 8,354 8,069 5,552 Index options 1,595 1,433 1,590 2,663 1,745 Total Options Market Share 32.0 % 32.4 % 35.2 % 38.3 % 37.4 % Multi-listed options 28.5 % 29.0 % 31.4 % 31.9 % 31.3 % Index options 99.3 % 98.9 % 99.4 % 99.2 % 99.0 % Total Options RPC: $ 0.182 $ 0.173 $ 0.182 $ 0.234 $ 0.225 Multi-listed options $ 0.068 $ 0.056 $ 0.051 $ 0.053 $ 0.055 Index options $ 0.809 $ 0.842 $ 0.870 $ 0.781 $ 0.766 North American Equities U.S. Equities: Total industry ADV (shares in billions) 10.5 9.9 12.4 11.0 6.8 Market share % 15.1 % 15.1 % 16.1 % 16.7 % 16.4 % Net capture (per 100 touched shares) $ 0.015 $ 0.017 $ 0.025 $ 0.026 $ 0.023 Canadian Equities: ADV (matched shares, in millions) 45.2 40.0 N/A N/A N/A Total market share % 3.3 % 3.3 % N/A N/A N/A Market share % - TSX listed volume 4.7 % 4.7 % N/A N/A N/A Net capture (per 10,000 shares, in Canadian Dollars) $ 8.300 $ 8.200 N/A N/A N/A Futures ADV (in thousands) 159 172 144 331 228 RPC $ 1.575 $ 1.527 $ 1.743 $ 1.750 $ 1.794 European Equities Total industry ADNV (Euros - in billions) EUR 37.5 EUR 31.5 EUR 40.1 EUR 51.5 EUR 35.1 Market share % 17.5 % 17.7 % 15.8 % 17.7 % 18.4 % Net capture (bps) 0.259 0.245 0.248 0.244 0.248 EuroCCP: Trades cleared (in thousands) 290,181.9 255,293.1 N/A N/A N/A Net settlement volume (shares in thousands) 2,132.7 2,038.1 N/A N/A N/A Global FX Market share % 16.7 % 15.9 % 16.4 % 15.7 % 16.0 % ADNV ($ in billions) $ 33.7 $ 30.2 $ 31.8 $ 43.3 $ 30.1 Net revenue (per one million dollars traded) $ 2.64 $ 2.70 $ 2.77 $ 2.69 $ 2.80Cboe Media Contacts: Analyst Contact: Angela Tu Tim Cave Debbie Koopman (646) 856--8734 +44 (0) 7593 506 719 (312) 786--7136 atu@cboe.com tcave@cboe.com dkoopman@cboe.com

The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the impact of the novel coronavirus ("COVID-19") pandemic, including changes to trading behavior broadly in the market; the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading and clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indexes and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel; our ability to minimize the risks, including our credit and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2019 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

The condensed consolidated statements of income and balance sheets are unaudited and subject to reclassification.



Cboe(R), Cboe Global Markets(R), Cboe Volatility Index(R), Bats(R), BIDS Trading(R), BZX(R), BYX(R), EDGX(R), EDGA(R), EuroCCP(R), MATCHNow(R), and VIX(R) are registered trademarks of Cboe Global Markets, Inc. and its subsidiaries. All other trademarks and service marks are the property of their respective owners.

ADV = average daily volume; ADNV = average daily notional value.

RPC, average revenue per contract, for options and futures represents total net transaction fees recognized for the period divided by total contracts traded during the period.

U.S. Equities, "net capture per 100 touched shares" refers to transaction fees less liquidity payments and routing and clearing costs divided by the product of one-hundredth ADV of touched shares on BZX, BYX, EDGX and EDGA and the number of trading days.

(MORE TO FOLLOW) Dow Jones Newswires

February 05, 2021 07:30 ET (12:30 GMT)