Reported 25 days ago
Cboe Global Markets exceeded third-quarter profit expectations, achieving a net income of $232.9 million, up from $218.9 million a year prior, due to strong options trading as investors sought to hedge against geopolitical and economic uncertainties. The company saw a 10% increase in options trading revenue and a 17% rise in futures revenue, with average daily volumes rising to nearly 15 million contracts. Looking forward, Cboe anticipates 2024 net revenue growth of 7 to 9%.
Source: YAHOO