Cboe Data Vantage Benefits from Overseas Growth

In December last year, Cboe Global Markets changed the name of its Data and Access Solutions business to Cboe Data Vantage, which it said better represents the breadth of its offerings across data and access, analytics and execution, and indices and better represents its growth potential. In the first quarter of this year, Cboe Data Vantage reported an 8% increase in organic net revenue to $149.4 m. The group said continued expansion in transaction capabilities drove solid access and capacity fees and a comprehensive suite of data solutions across geographies and asset classes translated to strong revenue results. Organic net revenue growth target for the segment for 2025 is mid to high single digits. Adam Inzirillo, global head of Cboe Data Vantage,  said that in the first quarter of this year the majority, 55%, of new data sales and 85% of Cboe Global Cloud sales were outside the U.S.. Cboe uses Amazon Web Services (AWS) to power Cboe Global Cloud which provides real-time, cloud-based market data streaming service for market participants globally. Cboe operates 27 markets across five asset classes in the U.S., Europe and Asia Pacific, which includes equity trading venues in Australia and Japan.