Latest news with #FredricTomczyk
Reuters
02-05-2025
- Business
- Reuters
Exchange operator Cboe posts record profit on hedging rush
May 2 (Reuters) - Derivatives exchange Cboe Global Markets (CBOE.Z), opens new tab reported a record first-quarter profit on Friday and boosted its annual revenue growth forecast as heightened market volatility fueled strong growth in options trading. Exchanges thrive during times of market turmoil as trading volumes surge and investors hedge their portfolios to manage risk, driving up transaction and clearing fees for companies such as Cboe. Rivals CME Group (CME.O), opens new tab and NYSE-parent Intercontinental Exchange (ICE.N), opens new tab also had record-breaking quarters as a barrage of tariff-related headlines and the emergence of Chinese startup DeepSeek's low-cost AI model drove up market volatility. Revenue from Cboe's options trading arm jumped 15% to an all-time high of $352.4 million. Its global FX and Europe and Asia Pacific businesses also fetched record revenue in the quarter. Cboe now expects full-year revenue growth in the mid- to high-single-digit percentage range, up from its previous forecast of mid-single-digit growth. "The second quarter is off to a robust start, and we look forward to ... providing clients with a diverse toolkit of products for any market environment," outgoing CEO Fredric Tomczyk said. Its average daily volume in index options hit a quarterly record of 4.8 million contracts, a 17% jump from a year earlier. The rising popularity of options trading as well as increased activity from retail investors also boosted Cboe's business. Cboe late on Thursday named rival CME former top boss Craig Donohue as its new CEO, effective May 7. He succeeds Tomczyk, who has been at the helm since September 2023 and steered Cboe through a challenging time after the abrupt departure of former CEO Edward Tilly. Excluding one-time costs, Cboe earned a record $2.50 per share for the quarter, beating analysts' expectations of $2.36, according to estimates compiled by LSEG. Revenue jumped 13% to a quarterly record of $565.2 million, beating expectations of $560 million.
Yahoo
02-05-2025
- Business
- Yahoo
Exchange operator Cboe posts record profit on hedging rush
(Reuters) -Derivatives exchange Cboe Global Markets reported a record first-quarter profit on Friday and boosted its annual revenue growth forecast as heightened market volatility fueled strong growth in options trading. Exchanges thrive during times of market turmoil as trading volumes surge and investors hedge their portfolios to manage risk, driving up transaction and clearing fees for companies such as Cboe. Rivals CME Group and NYSE-parent Intercontinental Exchange also had record-breaking quarters as a barrage of tariff-related headlines and the emergence of Chinese startup DeepSeek's low-cost AI model drove up market volatility. Revenue from Cboe's options trading arm jumped 15% to an all-time high of $352.4 million. Its global FX and Europe and Asia Pacific businesses also fetched record revenue in the quarter. Cboe now expects full-year revenue growth in the mid- to high-single-digit percentage range, up from its previous forecast of mid-single-digit growth. "The second quarter is off to a robust start, and we look forward to ... providing clients with a diverse toolkit of products for any market environment," outgoing CEO Fredric Tomczyk said. Its average daily volume in index options hit a quarterly record of 4.8 million contracts, a 17% jump from a year earlier. The rising popularity of options trading as well as increased activity from retail investors also boosted Cboe's business. NEW GUARD Cboe late on Thursday named rival CME former top boss Craig Donohue as its new CEO, effective May 7. He succeeds Tomczyk, who has been at the helm since September 2023 and steered Cboe through a challenging time after the abrupt departure of former CEO Edward Tilly. Excluding one-time costs, Cboe earned a record $2.50 per share for the quarter, beating analysts' expectations of $2.36, according to estimates compiled by LSEG. Revenue jumped 13% to a quarterly record of $565.2 million, beating expectations of $560 million. Sign in to access your portfolio
Bloomberg
01-05-2025
- Business
- Bloomberg
Cboe Names Former CME Leader Craig Donohue as Next CEO
By Updated on Save Cboe Global Markets Inc. tapped its rival's former leader, Craig Donohue, to become chief executive officer of one of the largest derivatives exchanges. He will replace Fredric Tomczyk, who has been serving as interim leader of the Chicago-based company, it said in a statement Thursday. Donohue will join the board and take over the chief role effective May 7.
Yahoo
07-02-2025
- Business
- Yahoo
Cboe Global Markets to Present at the BofA Securities 2025 Financial Services Conference on February 12
CHICAGO, Feb. 7, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, announced today that Fredric Tomczyk, Chief Executive Officer, Jill Griebenow, Executive Vice President and Chief Financial Officer, David Howson, Executive Vice President and Global President, and Chris Isaacson, Executive Vice President and Chief Operating Officer, will present at the BofA Securities 2025 Financial Services Conference in Miami, Florida on Wednesday, February 12 at 12:10 p.m. ET. The live webcast and replay of the presentation will be accessible at under Events and Presentations. The archived webcast is expected to be available within an hour of the presentation. About Cboe Global MarketsCboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit Cboe Media Contacts Cboe Analyst Contact Angela Tu Tim Cave Kenneth Hill, CFA +1-646-856-8734 +44 (0) 7593-506-719 +1-312-786-7559 atu@ tcave@ khill@ CBOE-CCBOE-OE Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. View original content to download multimedia: SOURCE Cboe Global Markets, Inc. Sign in to access your portfolio
