In Case You Missed It: February 2021
The Year Ahead for North American Equities
Adam Inzirillo, Head of North American Equities, recently laid out his team's plans for 2021 in a letter to Cboe's customers. In the coming year, Cboe’s North American equities team plans to continue its expansion in Canada, provide more support to the retail trading community, remain a strong industry advocate and more.
Cboe Global Markets™ Reports January 2021 Trading Volume
Cboe™ reported January 2021 trading volume on February 3. In January, options average daily volume (ADV) was up 48 percent, U.S. equities ADV was up 85 percent and Global FX ADNV was up 5 percent, all compared to the prior year. Additionally, Cboe’s four options exchanges combined set a new single-day volume record with 18.5 million contracts traded and Cboe EDGX Equities Exchange set a new monthly total volume record with nearly 23 billion shares traded.
Cboe Global Markets Reports 2020 Fourth Quarter and Full Year Results
Cboe reported solid fourth quarter and record full-year results during the company’s earnings conference call on February 5. Highlights included net revenue of $307 million for the fourth quarter of 2020 and $1.3 billion for the year, up 10 percent compared to the previous year. Additionally, Cboe returned $520 million to shareholders through share repurchases and dividends for the year.
Cboe EDGX Equities Exchange to Introduce Early Trading Hours
Cboe announced plans to introduce early trading on Cboe EDGX Equities Exchange beginning at 4:00 a.m. ET, with order acceptance beginning at 3:30 a.m. ET, starting Monday, March 8, pending regulatory approval.
The move to expand early trading hours on Cboe EDGX aims to meet growing customer demand particularly among retail investors throughout the world, who seek to execute their trading strategies on Cboe's U.S. equities markets during global trading hours.
Nine Key Features of the Russell 2000 Index and New Mini-Russell 2000 Index Options
Cboe™ is launching Mini-Russell 2000 Index options (ticker: MRUT) on Monday, March 1. In anticipation of the launch, we compiled a list of nine features that may help investors better understand the Russell 2000 Index and the new Cboe Mini-Russell 2000 Index options. Visit Cboe Insights to learn more about the benefits of the index and new mini options, including European exercise, cash settlement and potentially better tax treatment.
Cboe Global Markets Declares First-Quarter 2021 Dividend
Cboe Global Markets’ Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock for the first quarter of 2021. The first-quarter 2021 dividend is payable on March 15, 2021, to stockholders of record as of February 26, 2021.
Cboe to Enable Electronic Auction Mechanism for SP 500 Index Options Products, Beginning February 22
Cboe announced plans to activate its electronic crossing auction functionality, AIM (Automated Improvement Mechanism), for S&P 500® Index options (SPX) and S&P 500 Index Weeklys℠ options (SPXW) on Cboe Options Exchange. The added functionality is now available during regular trading hours for trades up to a maximum size of 10 contracts and is intended to help meet the growing demand from sophisticated retail investors seeking to trade smaller-sized orders
What’s Next for MATCHNow
In a recent note to customers, Bryan Blake, Vice President, Canadian Equities, detailed MATCHNow's 2021 strategic vision, including plans to migrate to Cboe technology, growth in conditional orders and more.
Cboe and CoinRoutes: The Path to Creating Crypto Indices
In December, Cboe signed an exclusive licensing agreement with CoinRoutes, a trading software firm that provides a suite of algorithmic trading tools for digital assets, FX and derivatives. The agreement enables Cboe to disseminate CoinRoutes’ market data and create potential derived data and analytics products using its RealPrice data. Highlighting Cboe’s commitment to defining markets, the agreement allows Cboe to help customers further understand cryptocurrencies and encourage their participation in this growing market. Cboe’s Catherine Clay, Senior Vice President, Head of Information Solutions, recently joined The Block to discuss Cboe’s agreement with CoinRoutes and the potential path to a bitcoin ETF.
The information in this article is provided for general education and information purposes only. No statement(s) within this article should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons, statistics or other technical data in this article is available by contacting Cboe Global Markets at www.cboe.com/Contact. Cboe is a registered trademark of Cboe Exchange, Inc. All other trademarks and service marks are property of their respective owners. © 2020 Cboe Exchange, Inc. All Rights Reserved.