Cboe Global Markets, Inc. is a leading global operator of financial exchanges and trading venues, providing market infrastructure and tradable products across multiple asset classes. Founded in 1973 and headquartered in Chicago, the company offers a broad range of core products and services, including equity and options trading on U.S. exchanges BZX, BYX, EDGX, and EDGA; futures trading primarily through Cboe Futures Exchange (CFE) with products like VIX volatility index futures and bitcoin futures; foreign exchange trading via its Global FX segment; and European and Asia-Pacific equities and derivatives trading through its pan-regional platforms, including RIE and Cboe Clear Europe. The company also provides digital asset derivatives and market data analytics solutions.
In terms of recent major changes, Cboe completed the acquisition of BIDS Trading, the largest U.S. block-trading alternative trading system, enhancing its footprint in off-exchange U.S. equities trading and diversifying its product offerings. The company strategically exited the Australian and Canadian market businesses in 2025 as part of a global realignment to focus on its core derivatives business. It launched new futures and options products on the Cboe Magnificent 10 Index in December 2025, targeting large-cap technology and growth stocks. Additionally, Cboe integrated the technology platform migration for its Canadian acquisition by early 2025, which CEO Fredric Tomczyk emphasized as a turning point to enable accelerated growth. The firm has also reported record trading volumes in proprietary index options and increased market shares in key regions like Australia and Japan following recent acquisitions and integrations.
Cboe operates through key segments: Options, North American Equities, Futures, Europe and Asia-Pacific equities and derivatives, Global FX, and Digital assets. It serves institutional investors, traders, and market participants globally with platforms spanning North America, Europe, and Asia-Pacific. The company owns several exchanges, including BATS Global Markets and the Chicago Board Options Exchange. Its strategic focuses are on expanding derivative market infrastructure, data and analytics offerings, and maintaining leadership in volatility and options markets.
This comprehensive product suite, geographic diversification, and recent strategic realignment establish Cboe Global Markets as a premier global exchange and market infrastructure provider in the financial services industry.