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Cboe Plans to Launch New Cboe FTSE Bitcoin Index Futures, Further Expanding its Bitcoin Derivatives Offerings
Prnewswire· 2025-04-07 19:00
Core Viewpoint - Cboe Global Markets is set to launch Cboe FTSE Bitcoin Index futures on April 28, 2025, marking a significant expansion in its digital asset offerings and collaboration with FTSE Russell to enhance product innovation in the cryptocurrency market [1][3][7] Group 1: Product Launch Details - The new futures will be based on the FTSE Bitcoin Reduced Value (1/10th) Index (Ticker: XBTF) and will be cash-settled, settling on the last business day of each month [1][3] - This product is designed to complement Cboe's existing bitcoin derivatives, including options on the Cboe Bitcoin U.S. ETF Index [2][7] - Cboe plans to clear XBTF futures through the Options Clearing Corporation (OCC), which also clears existing options products [2][3] Group 2: Market Context and Demand - The launch is timely as demand for cryptocurrency exposure is increasing, with market participants seeking more capital-efficient and versatile trading strategies [3][4] - Cboe has been expanding its digital asset offerings, including spot U.S. bitcoin ETFs and cash-settled index options, to provide customers with greater flexibility [4][7] - The introduction of these futures is expected to enhance the trading ecosystem for bitcoin, allowing for advanced trading strategies and better management of bitcoin volatility [2][3] Group 3: Strategic Collaboration - Cboe's collaboration with FTSE Russell aims to establish industry standards for assessing digital assets and enhance the investability of the digital asset market [4] - The XBTF Index was developed in partnership with Digital Asset Research, ensuring a rigorous vetting process for the underlying assets [3][4] - This partnership reflects Cboe's commitment to innovation and growth in the digital assets sector [3][4]
Lipari Mining Starts Trading on Cboe Canada
Newsfile· 2025-03-31 11:30
Company Overview - Lipari Mining Ltd. is a Canadian diamond company operating the Braúna diamond mine in Brazil and developing the Tchitengo diamond property in Angola [2] - The company emphasizes collaboration with local communities to ensure sustainable operations with minimal environmental impact [2] Recent Developments - Lipari Mining's common shares began trading on Cboe Canada Inc. under the symbol "LML" on March 31, 2025, marking a significant milestone in the company's growth [1] - The listing is expected to enhance liquidity and market visibility, supporting the company's strategic objectives and long-term value for investors [1] Compliance and Certification - All natural diamond production from Lipari's operations is certified as "conflict-free" under the Kimberley Process Certification System (KPCS), which aims to prevent illegally produced diamonds from entering the legitimate trade [3]
Cboe Clear Europe Clears First Securities Financing Transactions
Prnewswire· 2025-03-31 07:12
Core Insights - Cboe Global Markets has launched a new clearing service for European Securities Financing Transactions (SFTs), marking a significant step in its strategy to become a leading multi-asset class clearing house in Europe [2][5][6] - The service aims to enhance capital efficiencies and reduce operational complexities associated with securities lending, responding to strong client demand for central clearing solutions [4][5][6] Group 1: Service Overview - Cboe Clear Europe is now offering central clearing, settlement, and post-trade lifecycle management for European SFTs in cash equities and ETFs, available to principal lenders, special participant lenders, and borrowers [2][7] - The service transforms the bilateral process of SFTs into a centrally cleared model, which is expected to support the growth of the securities lending market [2][5] Group 2: Strategic Partnerships - BNY and JP Morgan are utilized as Tri-Party Collateral Agents, while Pirum acts as the transmitter for new trade instructions and post-trade lifecycle events [3] - The collaboration with these firms is aimed at enhancing liquidity management and accessing both cleared and uncleared collateral markets globally [4][6] Group 3: Market Impact - The introduction of central clearing is designed to improve capital efficiency, particularly concerning risk-weighted assets, amidst evolving regulatory requirements such as CSDR and SFTR [6][7] - The service is expected to provide margin and operational advantages, including cross-margining savings and improved practices around fees management [7]
Lipari Mining Ltd. (formerly, Golden Share Resources Corporation) Receives Final Approval to Commence Trading on Cboe Canada on March 31, 2025
Newsfile· 2025-03-28 18:14
Core Points - Lipari Mining Ltd. has received final listing approval from Cboe Canada Inc. and will commence trading on March 31, 2025, under the symbol "LML" [2][9] - The CEO of Lipari Mining expressed that this milestone will enhance the company's visibility and liquidity, aiding in growth and maximizing shareholder value [3] - The company has filed a listing statement on SEDAR+ that includes comprehensive details about its business, management, and capital structure [3] Company Overview - Lipari Mining Ltd. is incorporated in Canada, focusing on the acquisition, exploration, and development of diamond mining properties, particularly in Angola and Brazil [4] - In Angola, the company holds a 75% equity interest in Tchitengo Mining, which controls the Tchitengo diamond project, encompassing 30 known kimberlite deposits [5] - The company owns 100% of the Braúna diamond mine in Brazil, which has produced 1,190,701 carats of natural rough diamonds from 6.54 million tonnes of kimberlite, with an average production grade of 18.2 carats per hundred tonnes (cpht) [6]
QuantHouse expands US equity market data offering with Cboe One Feed
GlobeNewswire News Room· 2025-03-18 08:00
Group 1 - Iress's QuantHouse division is partnering with Cboe Global Markets to enhance its US equity market data offering through the Cboe One Feed [1][2] - The Cboe One Feed provides a consolidated view of the market from Cboe's US equity exchanges, with real-time reference quotes and trade data, and is known for its high reliability, with quotes being within 1% of the National Best Bid and Offer (NBBO) 97.26% of the time [2][3] - The collaboration aims to meet the growing demand for access to US markets, particularly from Asia Pacific investors, by providing high-quality and real-time market data [2][3] Group 2 - QuantHouse has over 20 years of experience in delivering high-performance API data feeds, historical and analytics data products to various financial entities, including hedge funds and investment banks [4] - Iress is a technology company that provides software and services across multiple financial sectors, including trading, market data, and investment management, operating in regions such as Asia-Pacific, North America, and Europe [5]
Britannia Mining Solutions Announces Go Public Transaction, Concurrent $10 Million Equity Financing, Name Change, and Plans to List on Cboe Canada
GlobeNewswire News Room· 2025-03-10 13:00
Proposed transaction is a reverse takeover transaction with 1317220 B.C. Ltd.Concurrent $10 million equity financing brokered by Clarus Securities and Cormark Securities as co-book runners.The resulting issuer, to be renamed Paragon Advanced Inc., will apply to list its shares on Cboe Canada.Proceeds to support global lab buildout and PhotonAssay™ deployment. TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- Britannia Mining Solutions Inc. (the "Company" or "BMS") is pleased to announce that it has entered into a ...
CBOE Stock Rises 9.1% YTD: A Signal for Investors to Hold Tight?
ZACKS· 2025-03-07 14:40
Core Insights - Cboe Global Markets, Inc. (CBOE) shares have increased by 9.1% year-to-date, outperforming the industry growth of 8.7%, the Finance sector's return of 3.5%, and the Zacks S&P 500 composite's decline of 0.9% [1] - The company has a market capitalization of $22.30 billion and an average trading volume of 0.7 million shares over the last three months [1] Performance Metrics - CBOE has a solid track record of beating earnings estimates in three of the last four quarters, with an average beat of 1.81% [1] - The Zacks Consensus Estimate for CBOE's 2025 earnings per share indicates a year-over-year increase of 4.1%, with revenues projected at $2.18 billion, reflecting a 5.1% improvement [4] - Earnings have grown by 11.4% over the past five years, surpassing the industry average of 8.8%, with a long-term earnings growth rate expected at 13.4% compared to the industry average of 9% [5] Business Strengths - Cboe Global's diversified business mix supports uninterrupted revenue generation and recurring non-transaction revenues, with a projected three-year CAGR of 6.2% for the 2026 top line [6] - The company is expected to see growth in recurring non-transaction revenues, particularly from increases in access and capacity fees and proprietary market data fees [7] - CBOE has expanded its global services and products, generating revenue and cost synergies through strategic acquisitions while improving its cash position and reducing debt [8] Competitive Landscape - CBOE faces intense competition due to market consolidation, which can reduce market share through both product and price competition [9] - The company’s investments in international operations are subject to currency exchange rate volatility and credit risk from third parties [10] Valuation and Strategy - Cboe Global shares are currently trading at a forward price-to-earnings ratio of 23.43X, lower than the industry average of 24.41X, indicating a potential undervaluation [11] - The company has a growth strategy focused on expanding its product line, broadening geographic reach, and diversifying its business mix with recurring revenues [12] - CBOE has increased dividends for 13 consecutive years and has $679.8 million remaining under its current share repurchase authorization [12]
Cboe Announces Promotion of Chief Technology Officer Tim Lipscomb to Executive Vice President
Prnewswire· 2025-03-07 14:00
CHICAGO, March 7, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the promotion of Tim Lipscomb to Executive Vice President, Chief Technology Officer, and appointment to the company's executive leadership team. In this role, Mr. Lipscomb will continue to oversee the expansion of Cboe's technology platform globally, further reinforcing the importance of technology and innovation to the company's organic growth strat ...
Cboe Canada Completes Technology Migration
Prnewswire· 2025-03-06 14:00
Cboe Canada's exchange platform successfully migrated to the Cboe TitaniumSM technology platform on March 3, completing 15-month integration effort Cboe Canada joins Cboe's equities and derivatives markets across the U.S., UK, Europe, Australia, and Japan running on Cboe Titanium Cboe Titanium positions Cboe Canada to further grow its business, address diverse needs of clients, and expand trading solutions it provides in the Canadian market Highly performant technology platform to make trading experience ...
4 Securities and Exchanges Stocks to Watch With Increased Volatility
ZACKS· 2025-03-04 17:05
A compelling and diversified product portfolio helps drive revenues of the Zacks Securities and Exchanges industry players. A rise in trading volumes, product expansion through prudent acquisitions and the increased adoption of a greater number of crypto assets are expected to benefit Intercontinental Exchange (ICE) , CME Group (CME) , Nasdaq Inc. (NDAQ) and Cboe Global Markets (CBOE) . Increased focus on accelerating their non-trading revenue base, which comprises market technology, listing and information ...