Cboe

Cboe Global Markets is a U.S.-headquartered public financial exchange operator delivering platforms for trading equities, options, futures, and digital assets across North America, Europe, and Asia-Pacific. Founded in 1973 as the Chicago Board Options Exchange, Cboe operates the world’s largest options exchange and prominent stock exchanges in the U.S., Canada, the Netherlands, and Australia, alongside the digital asset marketplace Cboe Digital. Products lude the proprietary VIX Volatility Index and index derivatives, serving a client base of institutional investors, brokers, banks, and proprietary trading firms. Cboe's business model ludes transaction-based, market data, and technology revenues, underpinned by regulatory compliance, cyber risk controls, and technology vendor partnerships. Mergers such as BATS Global Markets, EuroCCP, and Chi-X Asia Pacific have expanded its global reach, while operations emphasize adherence to SEC, FCA, and other regulatory frameworks with vendor management covering clearing, technology, and market data partners.​