Core Insights - Cboe Global Markets, Inc. (CBOE) is anticipated to show improvements in both revenue and earnings for the fourth quarter of 2025, with revenue expected to reach $633.29 million, reflecting a 20.7% year-over-year growth [2] - The earnings consensus estimate stands at $2.93 per share, indicating a 39.5% increase compared to the previous year, with a 12.6% upward revision in the last 30 days [3] Financial Performance Expectations - The fourth-quarter performance is likely to be bolstered by growth in index options, higher transaction and clearing fees, and increased access and capacity fees [6] - Revenue from derivatives markets is expected to rise due to improved trading volumes on Cboe options exchanges [6] - Cboe Data Vantage revenues are projected to benefit from increased access and capacity fees as well as proprietary market data fees [7] Fee Structure and Revenue Drivers - Higher regulatory fees and transaction and clearing fees are anticipated to positively impact Cash and Spot Markets [7] - An increase in logical port fees in various segments is expected to support access and capacity fees, driven by customer demand [8] - The Options segment is likely to see improved performance due to a rise in net transaction and clearing fees, influenced by higher index options and multi-listed options volumes [9] Overall Revenue Growth Factors - CBOE's Q4 results are expected to benefit from increased transaction, clearing, regulatory, and market data fees [10] - Continued share buybacks are anticipated to support earnings in the upcoming quarter [12] - The company is expected to experience solid growth in proprietary products, including VIX futures and SPX options [12]

Key Takeaways Cboe is exploring an options-based product with all-or-none payouts. The push targets retail traders, and comes amid broader interest in prediction markets and event contracts. U.S. regulators are also moving on the category, with the Commodity Futures Trading Commission planning to draft new rules for “event contracts.” Cboe Global Markets is exploring a regulated options product that would deliver an “all-or-none” payout, according to a source familiar with the matter, as the excha ...

A major derivatives exchange, Cboe Global Markets, is considering a revival of all-or-nothing binary options to retail investors in order to rival the fast-growing prediction markets, as reported by the Wall Street Journal. The report said that Cboe is in preliminary discussions with retail brokerages to renew the fixed-return options contracts, which would allow single investors to make simple yes-or-no trades on the financial performance. The exchange is also negotiating with market makers that could ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum i ...

Cboe Global Markets正与零售经纪商洽谈，拟为散户重新推出"二元期权"，与预测市场展开竞争。Cboe 表示，与经纪商的谈判仍处于早期阶段。该交易所也在与将执行这些交易的做市商讨论其新合约计划， 其中可能包括经过改造的二元期权（有时也称固定回报合约）。交易员利用二元期权对某一特定事件进 行是/否押注。这些衍生品与预测市场合约非常相似，要么支付固定的现金结算金，要么分文不值。例 如，与标普500指数收于7000点挂钩的二元看涨期权到期时，若该指数的结算价达到或高于这一水平， 那么期权持有人将获得一笔固定报酬。然而，如果标普500指数收盘低于该点位，持有人将损失全部初 始押注。此举将使Cboe与预测市场展开直接竞争。过去一年，随著散户对高风险交易越来越习以为 常，并对自身预测从"超级碗"(Super Bowl)结果、股市走向到"金球奖"(Golden Globes)得主等各类新闻事 件的能力越来越有信心，Kalshi和Polymarket等平台的人气飙升。 来源：滚动播报 ...

Group 1 - The Wall Street derivatives exchange is looking to leverage the growing interest in yes-or-no betting markets while maintaining a focus on financial markets [1] - The initiative reflects a broader trend in the financial industry towards incorporating more diverse betting options [1] - The exchange aims to attract a new demographic of traders who are interested in binary options [1] Group 2 - The move is part of a strategy to enhance trading volumes and market engagement [1] - The exchange is positioning itself to capitalize on the popularity of these types of wagers without deviating from its core financial offerings [1] - This approach may lead to increased competition among exchanges as they adapt to changing market preferences [1]

Core Insights - Cboe Global Markets announced the appointments of Scott Johnston as Executive Vice President, Chief Operating Officer, and Heidi Fischer as Executive Vice President, Global Head of Equities and Spot Markets, effective in 2026 [1][9] Leadership Changes - Scott Johnston will replace Chris Isaacson, who is retiring on March 6, 2026, and will serve as an advisor until the end of 2026 to ensure a smooth transition [2][9] - Heidi Fischer will take over oversight of Cboe's global cash equities and spot markets, previously managed by Isaacson [2] - Alex Dalley has been promoted to Senior Vice President, overseeing Cboe's European Equities business, pending regulatory approval [3] - Jon Weinberg will expand his role to oversee Cboe's global FX and off-exchange trading business lines [4] Strategic Initiatives - Cboe is implementing a regional office leadership structure to enhance its globalization strategy, with key leaders assigned to various locations including Kansas City, New York, London, and Amsterdam [5] - Johnston will focus on day-to-day operations, market operations, infrastructure, and clearing teams, collaborating with Tim Lipscomb, Chief Technology Officer, to drive innovation and operational capabilities [6][10] - Fischer aims to enhance client engagement and product development for both on-exchange and off-exchange solutions [7] Executive Statements - Craig Donohue, CEO of Cboe, expressed confidence in the new leadership team, highlighting their industry experience and strategic vision [6] - Johnston expressed enthusiasm for joining Cboe and aims to leverage his experience to scale the business and enhance operational performance [7] - Fischer emphasized the exceptional momentum at Cboe and her commitment to expanding the company's global footprint and strengthening client relationships [8]

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Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: CBOE Global - CBOE Global currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [3] Performance Metrics - CBOE shares have increased by 5.18% over the past week, outperforming the Zacks Securities and Exchanges industry, which rose by 2.39% [5] - Over the past month, CBOE's price change is 8.91%, compared to the industry's 4.96% [5] - In the last quarter, CBOE shares rose by 14.15%, and over the past year, they increased by 39.66%, while the S&P 500 only moved 4.41% and 18.09%, respectively [6] Trading Volume - CBOE's average 20-day trading volume is 646,518 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 6 earnings estimates for CBOE have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.08 to $10.27 [9] - For the next fiscal year, 6 estimates have also moved upwards, indicating positive sentiment [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CBOE Global is positioned as a promising investment opportunity with a Momentum Score of A [11]

Core Viewpoint - Cboe Global Markets, Inc. is set to announce its fiscal fourth-quarter earnings for 2025, with analysts expecting a significant increase in profit per share compared to the previous year [1][2]. Financial Performance - Analysts anticipate CBOE will report a profit of $2.60 per share on a diluted basis, reflecting a 23.8% increase from $2.15 per share in the same quarter last year [2]. - For the full fiscal year, CBOE's expected EPS is $10.21, which is an 18.6% increase from $8.61 in fiscal 2024, with further growth projected to $10.80 in fiscal 2026, representing a 5.8% year-over-year rise [3]. Stock Performance - CBOE stock has outperformed the S&P 500 Index, gaining 38.3% over the past 52 weeks compared to the S&P 500's 19.7% increase, and also surpassed the Financial Select Sector SPDR Fund's 16.8% gains during the same period [4]. - Following the Q3 results announcement, CBOE shares closed up by 3.7%, with revenue reported at $605.5 million, marking a 13.8% year-over-year increase, and adjusted EPS rising 20.3% to $2.67 [5]. Analyst Ratings - The consensus opinion on CBOE stock is cautious, with a "Hold" rating overall; among 16 analysts, three recommend a "Strong Buy," ten suggest a "Hold," and three advise a "Strong Sell" [6]. - CBOE currently trades above its mean price target of $263.62, with a Street-high price target of $310 indicating a potential upside of 17.4% [6].