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CHICAGO - Cboe Global Markets, Inc. (CBOE: CBOE), a prominent player in the derivatives and securities exchange arena, has announced the elevation of Tim Lipscomb to the role of Executive Vice President and Chief Technology Officer. Lipscomb, who has been instrumental in advancing the company’s technology platform, also joins the executive leadership team. The appointment comes as Cboe maintains strong financial performance, with revenue reaching $4.09 billion in the last twelve months and an impressive 8.51% growth rate. According to InvestingPro analysis, the company maintains a "GREAT" overall financial health score, reflecting its robust market position.
Lipscomb’s tenure at Cboe has been marked by significant technological advancements and strategic growth. Since assuming the role of Senior Vice President, Chief Technology Officer in 2022, he has led multiple successful migrations to Cboe’s unified global technology platform, Cboe Titanium. These migrations have been pivotal in expanding Cboe’s market share across new markets and maintaining high levels of uptime, with 100% uptime across 25 of its 27 global platforms in 2024, and over 99.9% uptime across all platforms. This operational excellence is reflected in the company’s strong financial metrics, with InvestingPro data showing robust cash flows and liquid assets exceeding short-term obligations. For detailed insights into Cboe’s operational and financial performance, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
Before his tenure as CTO, Lipscomb contributed to Cboe as Chief Operating Officer of Cboe Europe, following a 20-year career at Bank of America. His extensive experience in technology within the financial sector positions him as a key figure in driving Cboe’s future growth and innovation.
The company’s commitment to technology and customer-first approach is evident in their global expansion efforts. As markets evolve, Cboe aims to scale and optimize its technology infrastructure to meet increasing demand and enhance market access. Lipscomb’s promotion reflects the company’s strategic focus on technology as a cornerstone for future development.
This announcement is based on a press release statement from Cboe Global Markets. Cboe is known for providing advanced trading and investment solutions across various asset classes and regions, emphasizing a trusted and inclusive global marketplace.
In other recent news, Cboe Global Markets reported record options trading volumes for February, achieving an average daily trading volume of 18.0 million contracts in U.S. options. This included a significant milestone on February 21, with a total U.S. options volume of 25.7 million contracts. The futures market also saw notable activity, with Cboe iBoxx iShares $ Investment Grade Corporate Bond Index futures reaching a record block trade of 2,200 contracts. Meanwhile, Keefe, Bruyette & Woods slightly raised their price target for Cboe Holdings to $216, despite a recent earnings miss attributed to lower net revenues and higher non-operating expenses. RBC Capital Markets maintained a $220 price target, citing expected growth in Cboe’s Data Vantage segment and upcoming expansions in the U.S., Europe, and Australia. William Blair reiterated a Market Perform rating, noting robust trading volumes but a slowdown in core derivatives revenue growth. BofA Securities increased their price target to $251, maintaining a Buy rating, following Robinhood’s integration of Cboe’s index options and updated earnings estimates for the coming years. These developments highlight Cboe’s continued market activity and strategic adjustments.
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