Cboe joins Citadel Securities and the Healthy Markets Association to seek injunctive relief against CFTC-authorized single-stock perpetuals.

Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today issued the following statement in support of legal action filed by the Capital Markets Alliance (CMA) challenging the CFTC's approval of perpetual derivatives on U.S. stocks and ETFs. The CMA includes Cboe, Citadel Securities and Healthy Markets Association: "Cboe has joined this action alongside some of the largest U.S. market participants and investor advocates because we believe the CFTC's actions threaten to erode the regulatory framework that has protected investors and governed U.S. securities markets for more than nine decades," said Craig Donohue, CEO of Cboe Global Markets. "Single-stock perpetual derivatives are the latest example of a troubling trend in which securities products are being offered on CFTC platforms – outside the appropriate regulatory framework and customer protection regime established by Congress. Whether tied to individual issuers, broad-based security indices, corporate events, or other securities-related outcomes, these securities products belong on registered securities platforms and should be subject to the investor protections, oversight, and safeguards required under U.S. securities laws. Cboe and others, including legislators, have raised concerns with these developments through public comments and industry forums, to no avail. "Cboe is no stranger to competition. For more than 50 years, Cboe has competed successfully in some of the world's most competitive markets and we welcome new entrants and innovation. If this were simply a commercial issue, Cboe could bring these products to market on CFTC regulated trading and clearing platforms that it operates. We support the mission and purpose of the CFTC to oversee the products that Congress has placed under its authority. "This issue, however, is about investor protection for securities trading and the rule of law. Investors deserve the specific protections Congress established for securities markets, and regulators have a responsibility to enforce the framework Congress created. When securities products are permitted to trade outside that framework, it creates regulatory arbitrage, bypasses both federal and state laws, and undermines the integrity of those markets. "The CFTC has authorized a multitude of filings for securities-related products that break with decades of precedent and its own prior determinations, without providing a clear public explanation of the legal basis for doing so. Through this action and our request for injunctive relief, we look forward to resolving the uncertainty created by these actions and preserving the laws and principles that have made U.S. capital markets the strongest and most trusted in the world."

The Cboe Options Exchange (Cboe) and the Capital Markets Alliance (CMA) have initiated legal action against the U.S. Commodity Futures Trading Commission (CFTC) to contest the recent approval of single-stock perpetual de…

Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today reported October trading volume statistics across its global business lines. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain October trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines. Average Daily Trading Volume (ADV) by Month  Year-To-Date  Oct 2026 Oct 2025 % Chg Sep 2026 %    Chg Oct 2026 Oct 2025 %    Chg Multi-listed options (contracts, k) 14,253 15,892 -10.3 % 15,382 -7.3 % 14,897 13,601 9.5 % Index options (contracts, k) 6,889 5,511 25.0 % 6,422 7.3 % 6,211 4,856 27.9 % Futures (contracts, k)1 237 259 -8.3 % 191 24.3 % 231 227 1.8 % U.S. Equities - On-Exchange (matched shares, mn) 1,528 2,020 -24.4 % 1,453 5.1 % 1,756 1,789 -1.8 % U.S. Equities - Off-Exchange (matched shares, mn) 260 227 14.9 % 222 17.4 % 236 150 57.2 % Canadian Equities (matched shares, k) 165,837 211,986 -21.8 % 165,156 0.4 % 184,545 163,623 12.8 % European Equities (€, mn) 13,449 13,192 1.9 % 11,922 12.8 % 14,859 13,060 13.8 % Global FX ($, mn) 60,388 55,134 9.5 % 66,363 -9.0 % 63,604 52,857 20.3 % Cboe Clear Europe Cleared Trades (k) 142,254 125,392 13.4 % 132,130 7.7 % 1,397,225 1,267,693 10.2 % Cboe Clear Europe Net Settlements (k) 1,489 1,305 14.1 % 1,448 2.9 % 13,616 11,337 20.1 % 1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products. On July 31, 2026, Cboe completed the sale of Cboe Australia to TMX Group Limited. As the divestiture is now complete, all Australian Equities metrics have been removed from this report. October 2026 Trading Volume Highlights   U.S. Options * Cboe's proprietary index options set a monthly ADV record of 6.9 million contracts, driven by record monthly ADV in S&P 500 Index (SPX) options (5.5 million contracts) and mini-SPX (XSP) options (303 thousand contracts). * The two most-active trading days on record in Cboe's proprietary index options occurred in October, with 10.4 million and 10.2 million contracts traded on October 16 and 30, respectively. * Zero-days-to-expiry (0DTE) trading in SPX options set a monthly ADV record of 3.6 million contracts. * XSP options set a new daily record on October 30, with 515 thousand contracts traded, eclipsing the previous record set on July 16, 2019. * Cboe's Global Trading Hours (GTH) session (8:15 p.m. to 9:25 a.m. ET) set a monthly ADV record of 284 thousand contracts, and SPX trading in GTH set a daily record of 327 thousand contracts on October 1.

Cboe Global Markets has reported trading volume metrics for October 2026, showcasing substantial activity across various segments, including record-breaking index options.

Cboe Global Markets supports a legal challenge by the Capital Markets Alliance against CFTC's approval of perpetual derivatives, citing investor protection concerns.

Cboe Global Markets' (CBOE) SPX options volume continued to grow in Q3, with index-options average d

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