DJ Cboe Expects Recent Acquisitions to Boost Revenue

· 02/05/2021 08:08

By Dave Sebastian

Cboe Global Markets Inc. said it expects recently closed acquisitions to boost revenue by four to six percentage points as the company reported higher fourth-quarter earnings and revenue.

The exchange operator Friday said it is targeting recurring non-transactional revenue--access and capacity fees plus proprietary market data--to increase 7% to 8% from $342 million in 2020.

The company sees adjusted operating expenses of $531 million to $539 million, excluding the amortization of acquired intangible assets, which are expected to be $116 million.

Cboe said it expects depreciation and amortization expense of $38 million to $42 million. It anticipates capital expenditures of $60 million to $65 million, reflecting expenditures associated with its planned trading-floor relocation in 20201 and ongoing capacity and technology-related investments, the company said.

The company recently completed its acquisition of BIDS Trading LP, which runs an off-exchange "dark pool" for stock trades.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

February 05, 2021 08:08 ET (13:08 GMT)