# Cboe Global Markets

> Cboe Global Markets is a publicly traded exchange operator and market-infrastructure company best known for creating listed options markets, S&P 500 Index options and the VIX volatility benchmark. It runs options, futures, equities and foreign-exchange venues across North America, Europe and Asia Pacific, then sells the resulting connectivity, data, indices, analytics and execution tools to brokers, market makers, asset managers, banks and traders.

- **Founded:** 1973
- **Headquarters:** Chicago, United States
- **Founders:** Joseph W. Sullivan (Founding president)
- **Team size:** Approximately 1,700 employees
- **Products:** Listed options markets, S&P 500 Index options, VIX Index and volatility products, The Options Institute, Cash equities and ETP markets
- **Notable:** Opened the world's first listed options exchange in 1973., Introduced S&P 500 Index options in 1983., Created the VIX Index in 1993 and later built listed options and futures around it.

## Products & services

- **Listed options markets** — Electronic and hybrid venues for index, equity and ETP options, including proprietary SPX, XSP and VIX-linked products.
- **S&P 500 Index options** — Cash-settled SPX options and smaller XSP and Nanos contracts used for hedging, exposure, income and tactical strategies.
- **VIX Index and volatility products** — A benchmark of expected S&P 500 volatility plus listed VIX options and futures.
- **The Options Institute** — Free courses, events and educational resources for beginners and professional market participants.
- **Cash equities and ETP markets** — U.S., Canadian, European and Australian equity trading, listings and related access services.
- **Cboe Futures Exchange** — Futures trading led by VIX futures and expanded credit and digital-asset derivative products.
- **Global FX** — Institutional spot foreign-exchange and non-deliverable forward execution venues.
- **Cboe Data Vantage** — Real-time and historical data, indices, options analytics, cloud delivery and Silexx execution tools spanning the trading lifecycle.
- **Cboe Predicts** — Defined-payout binary options based initially on the Mini-S&P 500 Index, distributed through retail brokers and centrally cleared by OCC.

## Achievements

- Opened the world's first listed options exchange in 1973.
- Introduced S&P 500 Index options in 1983.
- Created the VIX Index in 1993 and later built listed options and futures around it.
- Established the options industry's first dedicated education team in 1985.
- Acquired Bats Global Markets in 2017, adding scale in U.S. and European equities, FX and exchange technology.
- Reported record 2025 net revenue of $2.4 billion, up 17 percent year over year.
- Operated options exchanges with 29.2 percent U.S. options market share in the fourth quarter of 2025.
- Helped serve a U.S. options market that traded a record 15.2 billion contracts in 2025.

## Latest updates

- **2026-06** — Launched Cboe Predicts with binary options based on the Mini-S&P 500 Index through Interactive Brokers, with Charles Schwab access planned.
- **2026-03** — Announced a multi-year CNBC collaboration bringing daily broadcasts and a planned studio to Cboe's Chicago trading floor.
- **2026-03** — Filed a proposal for near-24x5 trading of U.S.-listed stocks on EDGX beginning as early as December 2026, subject to regulatory review and industry readiness.
- **2026-02** — Reported record full-year 2025 net revenue of $2.4 billion, up 17 percent, and record adjusted diluted EPS of $10.67.
- **2025-05** — Craig Donohue became chief executive, succeeding Fredric Tomczyk.

## Links

- Website: https://www.cboe.com/
- LinkedIn: https://www.linkedin.com/company/cboe
- Twitter/X: https://twitter.com/cboe
- YouTube: https://www.youtube.com/c/CboeGlobalMarkets
- Instagram: https://www.instagram.com/cboeglobalmarkets/
- Facebook: https://www.facebook.com/pages/cboe-chicago-board-options-exchange/177809058917950

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Last updated: 2026-08-12