Cboe Outlines Global Market Plans

Craig Donohue, chief executive of Cboe Global Markets, took on his role in May this year and has completed a review of the derivatives and securities markets operator. The new strategy includes initiating a sales process for Cboe Australia and Cboe Canada according to a story in MarketsMedia news, discontinuing U.S. and European corporate listings efforts and reducing costs related to U.S. and European ETP listings businesses, Cboe Europe Derivatives and several of Cboe’s smaller risk and market analytics businesses. Donohue said that although the Australian and Canadian equities businesses are performing well, they fall outside Cboe’s core focus and strategy. “We see tremendous opportunities across index and multi-list options, futures, US and European equities, foreign exchange and Data Vantage,” he added. “In leveraging these core areas of strength for Cboe and the strong secular growth trends supporting them, we believe we are well positioned to fully capture their growth and earnings potential as we strengthen our competitive position.” Possibilities for continued investment include adding scale in derivatives, prediction markets, retail-oriented digital asset and crypto products, clearing capabilities in Europe and the U.S. and developing onchain capabilities as the industry migrates toward atomized settlement capabilities and extension of traditional trading hours.