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Cboe profit rises as market volatility boosts hedging activity

Cboe Global Markets reported a significant increase in second-quarter profit, driven by heightened market volatility and a surge in options trading. Economic uncertainties, including geopolitical tensions in the Middle East and unpredictable trade policies, prompted investors to seek hedging strategies, resulting in higher trading volumes. The company's options trading revenue rose by 19 percent, while revenue from Europe and Asia Pacific grew by 30 percent. Cboe achieved record net revenue of $587.3 million and strong adjusted earnings growth, reflecting the resilience of its exchange ecosystem.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14962451/Cboe-profit-rises-market-volatility-boosts-hedging-activity.html
Source Id: 8796225910

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