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About Us

Where trusted markets are built for the benefit of people everywhere.

Who We Are & What We Do

Cboe is the world's go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions to people around the world. We provide trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets, across North America, Europe and Asia Pacific. But we're more than just transactions. We are an exchange of ideas that spark innovation and a provider of services and education that help you navigate any market environment.

OUR MISSION

To build a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future.

Around the Globe
Data and Access Solutions

Our Data and Access Solutions provide access to comprehensive data and market intelligence through tools that enhance the trading experience for people around the world.

Global FX

Our FX offering brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading.

Global Listings

We facilitate access to global liquidity and capital for the purpose-driven Innovation Economy. Through our network of exchanges in the U.S., Canada, Europe and Australia, we’re building the first-ever global listing experience for corporates and ETFs.

Digital Assets

Cboe Digital is a digital asset spot market founded on principles of a regulated futures exchange and clearing house.

North America
North American Equities

We operate four U.S. equities exchanges – the BZX Exchange, BYX Exchange, EDGA Exchange, and EDGX Exchange, along with MATCHNow and BIDS Canada in Canada.

United States
U.S. Options

We operate four U.S. options exchanges – Cboe Options Exchange, C2 Options Exchange, Cboe BZX Options Exchange and Cboe EDGX Options Exchange.

U.S. Futures

Our Cboe Futures Exchange (CFE®) is the home of volatility and corporate bond index futures.

Europe
Europe Equities

Through our exchanges in the UK and the Netherlands, Cboe UK and Cboe NL, we offer trading in more than 6,000 securities across 18 markets, via one network connection and a common rule book.

Europe Derivatives

Cboe Europe Derivatives (CEDX) is a new pan-European marketplace that enables participants to access a vibrant equity derivatives market through a single access point.

Europe Clearing

EuroCCP is a leading pan-European equities and derivatives clearing house that champions competition, open access and clearing interoperability in Europe.

Japan
Cboe Japan

Cboe Japan is a leading proprietary trading system for Japanese equities and third largest equities venue in the country, offering four trading books including both displayed and non-displayed mechanisms.

Australia
Cboe Australia

Cboe Australia is a securities and derivatives exchange, offering trading in all Australian-listed securities, as well as the exclusive trading of Cboe Australia quoted Warrants and Funds (ETFs). Cboe quoted Funds are based on a variety of underlying assets including equity, fixed income, currency, commodity and crypto assets.

Around the Globe
Data and Access Solutions

Our Data and Access Solutions provide access to comprehensive data and market intelligence through tools that enhance the trading experience for people around the world.

Global FX

Our FX offering brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading.

Global Listings

We facilitate access to global liquidity and capital for the purpose-driven Innovation Economy. Through our network of exchanges in the U.S., Canada, Europe and Australia, we’re building the first-ever global listing experience for corporates and ETFs.

Digital Assets

Cboe Digital is a digital asset spot market founded on principles of a regulated futures exchange and clearing house.

North America
North American Equities

We operate four U.S. equities exchanges – the BZX Exchange, BYX Exchange, EDGA Exchange, and EDGX Exchange, along with MATCHNow and BIDS Canada in Canada.

United States
U.S. Options

We operate four U.S. options exchanges – Cboe Options Exchange, C2 Options Exchange, Cboe BZX Options Exchange and Cboe EDGX Options Exchange.

U.S. Futures

Our Cboe Futures Exchange (CFE®) is the home of volatility and corporate bond index futures.

Europe
Europe Equities

Through our exchanges in the UK and the Netherlands, Cboe UK and Cboe NL, we offer trading in more than 6,000 securities across 18 markets, via one network connection and a common rule book.

Europe Derivatives

Cboe Europe Derivatives (CEDX) is a new pan-European marketplace that enables participants to access a vibrant equity derivatives market through a single access point.

Europe Clearing

EuroCCP is a leading pan-European equities and derivatives clearing house that champions competition, open access and clearing interoperability in Europe.

Japan
Cboe Japan

Cboe Japan is a leading proprietary trading system for Japanese equities and third largest equities venue in the country, offering four trading books including both displayed and non-displayed mechanisms.

Australia
Cboe Australia

Cboe Australia is a securities and derivatives exchange, offering trading in all Australian-listed securities, as well as the exclusive trading of Cboe Australia quoted Warrants and Funds (ETFs). Cboe quoted Funds are based on a variety of underlying assets including equity, fixed income, currency, commodity and crypto assets.

Our Values

Guiding Principles

Our five guiding principles inspire us to be better teammates and partners, enabling us to provide best-in-class solutions for our markets and customers.

Navigating ESG

We believe social responsibility benefits everyone, from our investors and customers to our associates and community members.

Market Advocacy

As a global leader, we proactively address key issues that impact the world's markets and provide transparency into our strategic agenda.

Our Latest

Our Leaders

Image of Jill Profile

We always strive to act in the best interest of our investors, while also prioritizing the well-being of our associates so they can lead fulfilling professional and personal lives. Striking the right balance is essential to our long-term success.

Jill GriebenowExecutive Vice President, Chief Financial OfficerCboe Global Markets

Our Story

1973

Cboe is founded

The Chicago Board Options Exchange® (Cboe) is founded and becomes the first marketplace for trading listed options. There were only 16 stocks with listed options on the first day of trading on April 26, 1973—911 option contracts were traded.

1983

Cboe launches index options

Cboe creates options based on the S&P 100 (OEX) and S&P 500 (SPX) Indices. Cboe remains the exclusive home to S&P 500 Index Option trading today with SPX, XSP and Nano options, as well as options on the S&P 500 ESG Index and certain S&P Select Sector Indices.

1985

Cboe Options Institute established

Empowering seasoned options traders and beginners alike, The Options Institute (OI) has been teaching curious minds since 1985. The OI advances its vision of increasing investor IQ by making product and markets knowledge accessible and memorable.

1993

VIX Index created

Cboe develops the Cboe Volatility Index (VIX)—a financial benchmark designed to be an up-to-the-minute market estimate of expected volatility of the S&P 500 Index. It is calculated by using the midpoint of real-time SPX option bid/ask quotes.

2004

Cboe Futures Exchange (CFE) launches

To support the development of VIX futures, Cboe launches its own futures exchange. VIX futures provide market participants with the ability to trade a liquid volatility product based on the VIX Index methodology. VIX options launched in 2006.

2005

Bats Trading Inc. is founded

After Bats launched trading, it quickly became the third-largest U.S. equities market by volume. As part of Cboe, the company operates four U.S. equities exchanges the BZX Exchange, BYX Exchange, EDGA Exchange and EDGX Exchange.

2008

Bats Europe launches

Since its launch, Bats Europe has been one of the largest truly pan-European equities exchanges by value-traded and market share and continues to promote competition and innovation in Europe's equity trading landscape as Cboe Europe today.

2010

Cboe goes public

Cboe demutualized and completed its Initial Public Offering on June 15, 2010. Local political leaders joined Cboe associates and Chairman Bill Brodsky to celebrate the momentous occasion with a confetti-blasted bellringing on the trading floor.

2015

Bats acquires Hotspot FX

Bats Global Markets acquired global FX platform Hotspot, enabling the firm to offer foreign exchange trading. Today, Cboe FX brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading.

Cboe acquires LiveVol

Cboe's acquisition of LiveVol set a path for a reimagined market data business. Since then, Cboe has made four additional acquisitions to round out its portfolio of products and services designed to help customers through every step of the trading life cycle.

2016

Bats Global Markets completes IPO

Bats completed its Initial Public Offering in 2016, listing its stock on its own BZX Equities Exchange at $19 per share—making it one of the Kansas City area’s largest IPOs at the time.

2017

Cboe and Bats come together

Cboe acquired Bats on February 28, 2017, creating a new company called Cboe Global Markets to reflect its asset class diversification across the globe.

Cboe acquires Silexx

Cboe acquires multi-asset order execution management system (OEMS) Silexx. Today, Cboe Silexx provides broker- and exchange-neutral access, along with risk management capabilities, post-trade allocation, regulatory and compliance checks, order staging and basket trading.

2018

Cboe lists on BZX Exchange

Cboe transfers the primary listing of its common stock to Cboe BZX Exchange—exclusively listing its stock on its own listing venue to leverage its strengths as a leading equities operator.

2019

Cboe completes all exchange migrations

Since acquiring Bats in 2017, Cboe embarked on a multi-year exchange migration to Bats proprietary technology. In 2019, the company completed the migration of all options, equities and futures markets to one technology platform.

2020

Cboe adds clearing capabilities in Europe

Cboe acquired pan-European clearing house EuroCCP to enhance its European equities business and support equity derivatives trading and clearing in the region. In 2022, the subsidiary rebranded to Cboe Clear and now provides clearing services to 47 venues.

Cboe creates Data and Access Solutions Division

Cboe acquired FT Options, Hanweck and Trade Alert in 2020, laying the foundation for the creation of Data and Access Solutions the following year. The global division integrates Cboe’s suite of data solutions, analytics and indices with market data services offerings.

Cboe acquires MATCHNow

By acquiring MATCHNow, the largest equities ATS in Canada, Cboe gained a foothold in a key global capital market, while expanding the company's geographic presence and diversifying the product capabilities of its equities business.

Cboe acquires BIDS Trading

Cboe acquired BIDS Trading, a registered broker-dealer and the operator of the BIDS ATS, gaining a foothold in the off-exchange segment of the U.S. equities market. BIDS Trading operates as an independently managed trading venue separate from the Cboe U.S. securities exchanges.

2021

Cboe acquires Chi-X Asia Pacific

Through ownership of Chi-X Asia Pacific, Cboe gained entrance into two of the world's largest securities markets—Japan and Australia—to establish a significant presence in the Asia Pacific region for the first time.

Cboe launches Cboe Europe Derivatives

Cboe Europe Derivatives offers futures and options based on Cboe Europe single country and pan-European indices. Contracts traded on CEDX are cleared at EuroCCP, allowing customers to benefit from efficiencies in trading and clearing.

2022

Cboe BIDS Canada Launches

Cboe launched Cboe BIDS Canada on February 1, 2022, marking its first new Canadian offering following the integration of MATCHNow. With this offering, Cboe brings BIDS' leading block trading capabilities to Canadian investors.

Cboe acquires ErisX, launches Cboe Digital

Cboe acquired ErisX on May 2, 2022, entering the digital asset spot and derivatives marketplaces while emphasizing the exchange principles of transparency and regulatory compliance. Later that year, 13 firms signed on as investors in the newly rebranded Cboe Digital business.

Cboe acquires NEO

By acquiring NEO, Cboe expands its North American footprint, adding a registered Canadian securities exchange with diverse products and services such as corporate listings, cash equities trading and a non-listed securities distribution platform.