Cboe Global Markets, Inc. CBOE

CBOE Company Overview

Cboe Global Markets, Inc. is a U.S.-based financial exchange and market infrastructure company that operates securities, derivatives, and foreign exchange marketplaces globally. The company serves institutional investors, broker-dealers, proprietary trading firms, asset managers, and retail intermediaries through trading, clearing, market data, and technology services. Cboe operates across the financial exchange and capital markets infrastructure industries, with core businesses spanning options, equities, futures, foreign exchange, and digital asset-related products. Its principal revenue drivers include transaction and clearing fees, market data services, access and capacity fees, and technology solutions.

The company is widely recognized for operating the Cboe Options Exchange, where the Cboe Volatility Index (VIX Index) originated and remains a flagship product. Cboe’s strategic positioning is tied to its scale in U.S. options trading, proprietary index products, and diversified global exchange footprint. Originally founded in 1973 as the Chicago Board Options Exchange, the company evolved from a U.S. options marketplace into a multi-asset global exchange operator through organic expansion and acquisitions, including the acquisition of BATS Global Markets in 2017 and ErisX in 2022. Public disclosures in SEC filings and company annual reports consistently identify diversification of recurring revenues and expansion of global derivatives offerings as central to its business model.