Index falls as earnings results weigh; pound above $1.33, Bodycote soars
CHICAGO - Cboe Global Markets, Inc. (CBOE:CBOE), a prominent derivatives and securities exchange network with a "GREAT" financial health score according to InvestingPro, disclosed its trading volume statistics for May 2025, presenting a varied landscape of trading activity across its global business lines. The company has demonstrated strong financial performance, with revenue growth of 15.76% over the last twelve months.
The exchange witnessed a year-over-year increase in its multiply-listed options contracts with an average daily volume (ADV) of 12,711 thousand for May 2025, marking a 27.6% rise from May 2024. However, this represented a 4.1% decrease from the previous month, April 2025. Index options also saw an uptick from the previous year with a 14.7% increase, despite a 14.9% drop from April 2025. These volume fluctuations come as Cboe maintains strong profitability metrics, with a return on equity of 19% and a healthy current ratio of 1.6.
Trading in futures contracts experienced a decline, dropping 22.5% from May 2024 and a significant 46.4% from April 2025. In the U.S. equities market, on-exchange matched shares rose by 30.7% compared to May 2024, while off-exchange matched shares surged by 62.0%. Canadian equities saw a slight decrease of 3.6% year-over-year.
European equities trading volume showed a substantial gain of 40.2% from May 2024, although it fell by 30.5% from April 2025. Cboe Clear Europe reported increases in both cleared trades, up by 27.4%, and net settlements, which rose by 15.4% compared to the previous year.
In contrast, Japanese equities faced a downturn with a 32.4% decline from May 2024. The Australian equities market, however, experienced a 19.3% increase year-over-year. Global FX trading volumes were higher with a 17.8% rise from the previous year but saw a 21.9% decrease from the prior month.
Cboe Global Markets is recognized for its diverse trading solutions and products in various asset classes, including equities, derivatives, and FX, catering to North America, Europe, and Asia Pacific regions. The company emphasizes its commitment to creating an inclusive global marketplace conducive to sustainable financial futures.
This report is based on a press release statement and provides a snapshot of Cboe’s trading activity, offering insights into the performance of different segments of the financial market.
In other recent news, Cboe Global Markets reported a strong first quarter in 2025, surpassing expectations with adjusted earnings per share of $2.50, exceeding the forecast of $2.24. The company also achieved a 13% year-over-year increase in net revenue, totaling $565 million. This performance was driven by significant growth across various business segments, including a 15% increase in the options segment and an 18% rise in Europe and APAC regions. Meanwhile, Cboe announced executive leadership changes, with Dave Howson resigning and Cathy Clay and Chris Isaacson assuming expanded roles. In analyst updates, Morgan Stanley downgraded Cboe’s stock from Overweight to Underweight, lowering the price target to $215, citing concerns over declining volatility potentially affecting trading volumes. Conversely, UBS raised Cboe’s price target to $245 while maintaining a Neutral rating, following better-than-expected first-quarter results. These developments indicate a dynamic period for Cboe Global Markets, with significant financial performance and strategic leadership changes.
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