Cboe Secures SEC Approval for Extended Trading Hours
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: seekingalpha
Cboe Global Markets' stock fell 5.16% and hit a 5-day low amid mixed market conditions, with the Nasdaq-100 up slightly. The company received SEC approval to offer extended trading hours for multi-listed equity options starting July 13, which is expected to attract more investors and enhance market liquidity. This proactive strategy includes new trading sessions and a focus on high-demand equities, indicating Cboe's commitment to improving its market position.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CBOE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CBOE
Wall Street analysts forecast CBOE stock price to rise
8 Analyst Rating
2 Buy
5 Hold
1 Sell
Hold
Current: 275.590
Low
240.00
Averages
290.86
High
317.00
Current: 275.590
Low
240.00
Averages
290.86
High
317.00
About CBOE
Cboe Global Markets, Inc. is a derivatives and securities exchange network delivering trading, clearing, and investment solutions. The Company provides trading solutions and products in equities, derivatives, and foreign exchange (FX). Its segments include Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, as well as on the stocks of individual corporations and on exchange-traded products (ETPs) such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs), which are multi-listed options and listed on a non-exclusive basis. The North American Equities segment includes United States equities and ETP transaction services that occur on fully electronic exchanges. The Europe and Asia Pacific segment includes derivatives transaction services, ETPs, including exchange-traded funds, exchange-traded notes, exchange-traded commodities, and international depository receipts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Stocks Hit Record Highs, HPE and Marvell Surge
- Market Records: The S&P 500 index closed at an all-time high for the sixth consecutive day, surpassing 7,600 for the first time, indicating a robust market recovery and increased investor confidence, which may attract more capital inflows into equities.
- HPE Surge: Hewlett Packard Enterprise shares soared 19%, marking its best single-day performance ever, as CEO Antonio Neri stated the company has the “best portfolio we’ve ever had,” enhancing its competitive edge and driving future growth.
- Marvell's Major Gain: Marvell's stock jumped 32%, also achieving its largest one-day gain in history, after Nvidia's CEO Jensen Huang suggested it could be the “next trillion-dollar company,” providing investors with strong growth expectations.
- CME and Cboe Under Pressure: Shares of CME Group and Cboe Global Markets are on track for their worst week since 2020 following the regulatory approval of bitcoin futures, reflecting market concerns and selling pressure on cryptocurrency-related stocks.
See More
U.S. Stocks Hit Record Highs, Macy's Sales Surge
- Market Performance: The S&P 500 index achieved an all-time closing high for the sixth consecutive day, surpassing 7,600 points for the first time, reflecting strong market recovery and heightened investor confidence, particularly driven by technology stocks.
- Macy's Sales Surge: Macy's reported its strongest first-quarter comparable sales performance in four years, with the CEO stating that better-than-expected sales and profitability led to an upward revision of the full-year forecast, indicating early success in its turnaround strategy.
- Hewlett Packard Enterprise Soars: Hewlett Packard Enterprise shares surged 19%, marking its best single-day gain ever, as the CEO claimed the company has the
See More
Private Equity Withdrawal Caps Impact Market Movements
- Private Equity Market Volatility: Partners Group's decision to cap withdrawals from one of its funds led to a 6% drop in Blackstone's stock and over a 5.5% decline in KKR, indicating market concerns regarding liquidity risks in the private equity sector.
- Palo Alto's Cautious Outlook: Despite Palo Alto Networks providing stronger-than-expected revenue guidance, its stock fell 2%, reflecting market skepticism about future growth, even as it reported adjusted earnings of 85 cents per share, surpassing analyst expectations.
- GitLab's Workforce Reduction: GitLab shares dropped nearly 4% after guiding for adjusted earnings per share below analyst estimates and announcing a 14% workforce reduction, which is expected to incur restructuring charges between $30 million and $35 million, highlighting the challenges the company faces.
- Marvell Technology's Stock Surge: Following a remarkable 32% increase in a single day, Marvell Technology's stock jumped over 13% in premarket trading, reflecting strong investor confidence in its robust performance and future growth potential.
See More
Coinbase and Kalshi Launch Perpetual Futures, Sparking Competition Concerns
- Increased Market Competition: The recent launch of perpetual futures by Coinbase and Kalshi has led to declines in the stock prices of Cboe Global Markets, CME Group, and Intercontinental Exchange, with CBOE down 6.90% to $280.23, CME down 3.22% to $249.47, and ICE down 3.18% to $140.35, indicating market concerns over new competitors.
- Potential of Perpetual Futures Market: Coinbase stated that the global crypto derivatives market has a trading volume of approximately trillions of dollars, with crypto perpetual futures and options accounting for 80% of that volume, highlighting the immense potential and appeal of this market, especially for U.S. customers.
- Kalshi's Product Expansion: Kalshi announced the launch of perpetual futures contracts, allowing U.S. investors to trade Bitcoin perpetual futures on its platform, with CEO Tarek Mansour emphasizing that this product represents the company's most significant expansion since the introduction of event contracts, further solidifying its position as a full-service financial exchange.
- Flexibility in Trading Mechanism: Kalshi's perpetual futures allow investors to choose leverage ratios, enabling them to respond flexibly to Bitcoin price fluctuations, with Mansour noting that investors can opt for 1:1 or 5:1 leverage, enhancing market participation flexibility and attractiveness.
See More
Bitcoin Perpetual Futures Approval Triggers Exchange Stock Plunge
- Market Reaction: CME Group's stock fell over 3% on Tuesday, with a total decline of around 9% over two days, poised for its largest weekly drop since 2020, indicating significant market anxiety regarding new trading products.
- Cboe Market Impact: Cboe Global Markets plunged 8% in Tuesday trading, bringing its weekly losses to over 16%, also on track for its largest weekly decline since 2020, reflecting investor panic over perpetual futures.
- Regulatory Approval Consequences: The CFTC's recent approval of bitcoin perpetual futures has raised concerns that this new product could pose a competitive threat to traditional exchanges, particularly affecting CME and CBOE's S&P products.
- Strong Market Demand: Kalshi's CEO noted that despite regulatory barriers preventing U.S. investor participation, perpetual futures see over $90 trillion in annual volume, highlighting a robust demand for these products in the U.S. market.
See More
Cboe Secures SEC Approval for Extended Trading Hours
- Trading Hours Expansion: Cboe Global Markets has received SEC approval to begin offering extended trading hours for multi-listed equity options starting July 13, indicating a proactive strategy in market competition.
- New Trading Sessions: The new trading hours will include a pre-market session from 7:30 AM to 9:25 AM ET and a post-market session from 4:00 PM to 4:15 PM ET, Monday to Friday, which is expected to attract more investors and enhance market liquidity.
- Initial Stock Offerings: Approximately 20 stocks, including the Magnificent 7 such as Nvidia, Tesla, and Apple, along with popular names like Palantir, Broadcom, and AMD, are expected to be available for trading at launch, highlighting Cboe's focus on high-demand equities.
- Market Safeguards: By initially launching with a select group of single-name options, Cboe is taking a measured approach to ensure market safeguards and investor protections remain intact, which will help align options trading with their underlying securities in a near 24x5 trading environment.
See More
U.S. Stocks Hit Record Highs, HPE and Marvell Surge
- Market Records: The S&P 500 index closed at an all-time high for the sixth consecutive day, surpassing 7,600 for the first time, indicating a robust market recovery and increased investor confidence, which may attract more capital inflows into equities.
- HPE Surge: Hewlett Packard Enterprise shares soared 19%, marking its best single-day performance ever, as CEO Antonio Neri stated the company has the “best portfolio we’ve ever had,” enhancing its competitive edge and driving future growth.
- Marvell's Major Gain: Marvell's stock jumped 32%, also achieving its largest one-day gain in history, after Nvidia's CEO Jensen Huang suggested it could be the “next trillion-dollar company,” providing investors with strong growth expectations.
- CME and Cboe Under Pressure: Shares of CME Group and Cboe Global Markets are on track for their worst week since 2020 following the regulatory approval of bitcoin futures, reflecting market concerns and selling pressure on cryptocurrency-related stocks.
See More
U.S. Stocks Hit Record Highs, Macy's Sales Surge
- Market Performance: The S&P 500 index achieved an all-time closing high for the sixth consecutive day, surpassing 7,600 points for the first time, reflecting strong market recovery and heightened investor confidence, particularly driven by technology stocks.
- Macy's Sales Surge: Macy's reported its strongest first-quarter comparable sales performance in four years, with the CEO stating that better-than-expected sales and profitability led to an upward revision of the full-year forecast, indicating early success in its turnaround strategy.
- Hewlett Packard Enterprise Soars: Hewlett Packard Enterprise shares surged 19%, marking its best single-day gain ever, as the CEO claimed the company has the
See More
Private Equity Withdrawal Caps Impact Market Movements
- Private Equity Market Volatility: Partners Group's decision to cap withdrawals from one of its funds led to a 6% drop in Blackstone's stock and over a 5.5% decline in KKR, indicating market concerns regarding liquidity risks in the private equity sector.
- Palo Alto's Cautious Outlook: Despite Palo Alto Networks providing stronger-than-expected revenue guidance, its stock fell 2%, reflecting market skepticism about future growth, even as it reported adjusted earnings of 85 cents per share, surpassing analyst expectations.
- GitLab's Workforce Reduction: GitLab shares dropped nearly 4% after guiding for adjusted earnings per share below analyst estimates and announcing a 14% workforce reduction, which is expected to incur restructuring charges between $30 million and $35 million, highlighting the challenges the company faces.
- Marvell Technology's Stock Surge: Following a remarkable 32% increase in a single day, Marvell Technology's stock jumped over 13% in premarket trading, reflecting strong investor confidence in its robust performance and future growth potential.
See More
Coinbase and Kalshi Launch Perpetual Futures, Sparking Competition Concerns
- Increased Market Competition: The recent launch of perpetual futures by Coinbase and Kalshi has led to declines in the stock prices of Cboe Global Markets, CME Group, and Intercontinental Exchange, with CBOE down 6.90% to $280.23, CME down 3.22% to $249.47, and ICE down 3.18% to $140.35, indicating market concerns over new competitors.
- Potential of Perpetual Futures Market: Coinbase stated that the global crypto derivatives market has a trading volume of approximately trillions of dollars, with crypto perpetual futures and options accounting for 80% of that volume, highlighting the immense potential and appeal of this market, especially for U.S. customers.
- Kalshi's Product Expansion: Kalshi announced the launch of perpetual futures contracts, allowing U.S. investors to trade Bitcoin perpetual futures on its platform, with CEO Tarek Mansour emphasizing that this product represents the company's most significant expansion since the introduction of event contracts, further solidifying its position as a full-service financial exchange.
- Flexibility in Trading Mechanism: Kalshi's perpetual futures allow investors to choose leverage ratios, enabling them to respond flexibly to Bitcoin price fluctuations, with Mansour noting that investors can opt for 1:1 or 5:1 leverage, enhancing market participation flexibility and attractiveness.
See More
Bitcoin Perpetual Futures Approval Triggers Exchange Stock Plunge
- Market Reaction: CME Group's stock fell over 3% on Tuesday, with a total decline of around 9% over two days, poised for its largest weekly drop since 2020, indicating significant market anxiety regarding new trading products.
- Cboe Market Impact: Cboe Global Markets plunged 8% in Tuesday trading, bringing its weekly losses to over 16%, also on track for its largest weekly decline since 2020, reflecting investor panic over perpetual futures.
- Regulatory Approval Consequences: The CFTC's recent approval of bitcoin perpetual futures has raised concerns that this new product could pose a competitive threat to traditional exchanges, particularly affecting CME and CBOE's S&P products.
- Strong Market Demand: Kalshi's CEO noted that despite regulatory barriers preventing U.S. investor participation, perpetual futures see over $90 trillion in annual volume, highlighting a robust demand for these products in the U.S. market.
See More
Cboe Secures SEC Approval for Extended Trading Hours
- Trading Hours Expansion: Cboe Global Markets has received SEC approval to begin offering extended trading hours for multi-listed equity options starting July 13, indicating a proactive strategy in market competition.
- New Trading Sessions: The new trading hours will include a pre-market session from 7:30 AM to 9:25 AM ET and a post-market session from 4:00 PM to 4:15 PM ET, Monday to Friday, which is expected to attract more investors and enhance market liquidity.
- Initial Stock Offerings: Approximately 20 stocks, including the Magnificent 7 such as Nvidia, Tesla, and Apple, along with popular names like Palantir, Broadcom, and AMD, are expected to be available for trading at launch, highlighting Cboe's focus on high-demand equities.
- Market Safeguards: By initially launching with a select group of single-name options, Cboe is taking a measured approach to ensure market safeguards and investor protections remain intact, which will help align options trading with their underlying securities in a near 24x5 trading environment.
See More
