Cboe Global Markets: A 24-Hour Trading Winner
Cboe Global Markets is positioned to benefit from the shift toward 24-hour trading, leveraging its high-margin index options franchise, including SPX and 0DTE contracts, which generate 50–60% of net revenue. Upcoming 23/5 and 24/7 trading infrastructure are cited as key catalysts, with even modest index volume growth adding significant high-margin revenue.
Why it matters — A CBOE watcher would care because the expansion of trading hours and growth in its index options franchise represent key growth catalysts for the company's high-margin revenue.