Cboe Global Markets reports higher fourth quarter profit as options trading volumes surge
Cboe reported higher fourth-quarter profit today as market volatility boosted options trading. The firm is now focusing on high-growth prediction markets.
Insights:
Cboe Global Markets, Inc. reported a rise in fourth-quarter profit as elevated market volatility increased options trading volumes and revenue for its options trading arm. The company's net income allocated to common stockholders reached $312 million, or $2.97 per share, up from approximately $196 million, or $1.86 per share, in the prior-year period. This material improvement in financial performance was driven by a 34% increase in net revenue from the options trading arm, which totaled $433 million, alongside a 24% rise in total average daily options volume.
