In May, we announced plans to expand our North American equities business, shared details about the reopening of our Chicago trading floor, provided insights on trading during high volatility and more. Follow us on Twitter for daily updates as we continue defining markets and check back here at the end of June for our next monthly update.
Cboe Global Markets Reports Record Results for the First Quarter of 2020
Cboe reported its earnings for the first quarter of 2020 on May 1. Highlights from the quarterly earnings report included a number of trading volume records across business lines.
Meet Cboe’s Newest Leaders by Acquisition, Jerry Hanweck and Michael Izhaky
At the beginning of February, Cboe acquired data analytics firms Hanweck and FT Options to further build out its Information Solutions offering. Hanweck, founded by Jerry Hanweck, delivers real-time, high performance risk management analytics for banks, broker-dealers, hedge funds, clearing houses and exchanges. FT Options, founded by Michael Izhaky, offers a suite of customizable, automated, integrated applications that provide research and analytics functionality across options, futures and light exotics for proprietary trading firms, hedge funds and separately managed accounts.
We talked to Jerry and Michael about their how they got started in the industry, founding their respective companies and why they’re excited to be part of the Cboe team.
How to Enhance Order Execution During High Volatility
Asad Bhatti, Senior Director, U.S. Equities, shared a detailed analysis of how Retail Priority orders may enhance execution, especially during increased volatility. Asad’s brief is full of compelling insights and examples, along with new Retail Priority order execution data.
Cboe Global Markets Agrees to Acquire Leading Canadian ATS MATCHNow
On May 19, Cboe announced it entered into a definitive agreement to acquire MATCHNow, the largest equities alternative trading system (ATS) in Canada. The planned acquisition will enable Cboe to gain a foothold in a key capital market new to the company, while expanding the geographic presence and diversifying the product capabilities of its North American equities business. Ownership of MATCHNow is also expected to provide Cboe with a strategic pathway to build towards a comprehensive equities platform for the Canadian markets and potentially establish a significant presence in the region.
Cboe Global Markets Plans to Reopen Chicago Trading Floor on Monday, June 8
On Tuesday, May 26, Cboe announced its plans to reopen its trading floor, which has been available in an electronic-only trading mode since March 16, 2020. The floor reopening plan is designed to accommodate open outcry trading activity, while prioritizing the safety and well-being of the trading floor community, which includes Cboe associates and trading permit holders (TPHs). Upon reopening, the floor will operate under rigorous precautionary measures to limit exposure to the novel coronavirus (COVID-19). Cboe developed its plans in close consultation with an infectious disease expert and continues to monitor the guidance of health and governmental agencies.