DJ Cboe Expects Recent Acquisitions to Boost Revenue
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.
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(END) Dow Jones Newswires
February 05, 2021 08:08 ET (13:08 GMT)
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