Cboe profit grows as volatility boosts options trading
Cboe reported a first-quarter profit of $384.1 million as market volatility boosted options trading. This marks an increase from $249.4 million a year ago.
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CBOE GLOBAL MARKETS INC grew first-quarter net income 54% to $384.1 million, or $3.66 per share, on Friday. Profit rose from $249.4 million, or $2.37 per share, recorded during the same period one year earlier. Heightened market volatility driven by Middle East conflict increased demand for hedging tools and options trading volume.
