On September 29, Cboe Global Markets, Inc. rose 10.56% in regular trading, trading at $270.875/share, with turnover of $36.75 million. The surge was primarily driven by the announcement that the company and S&P Dow Jones Indices have formally signed a 25-year exclusive licensing extension agreement, securing Cboe's exclusive rights to trade and list SPX index options through 2051.
The SPX options franchise, launched in 1983, remains a cornerstone of global equity hedging and investment. Annual trading volume reached a record 970.6 million contracts, with average daily volume of 3.9 million contracts, marking a fourth consecutive year of record highs. Zero-day-to-expiry SPX options have been a significant contributor, averaging 3.1 million contracts per day in Q2 and rising to 3.3 million in June alone. Separately, Bank of America issued a bullish view on major exchanges, further boosting sector sentiment.
On the fundamental side, the company reported Q2 adjusted EPS of $3.56, beating estimates of $3.48 by 2.3%, while revenue of $731.6 million represented approximately 23.6% year-over-year growth, surpassing the $712.2 million consensus. The company also recently secured a $400 million five-year revolving credit facility, reinforcing its capital structure and financial flexibility.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)