Core Insights - Cboe experienced significant growth in 2025, particularly in its proprietary SPX options complex, which grew over 20% [2] - The firm announced strategic pivots, including plans to divest non-U.S. businesses and focus on retail and new markets [2] Company Overview - Craig Donohue is the new CEO of Cboe, marking his first appearance in this role [3] - The leadership team includes Jill Griebenow as CFO and Robert Hocking as Global Head of Derivatives [2]

SGX's bitcoin (BTC) and ether (ETH) perpetual futures have become increasingly popular since their debut two weeks ago, and that growth represents new liquidity rather than cash redirected from elsewhere, said Michael Syn, president of the SGX Group. The products, cryptocurrency derivatives that allow institutional traders to speculate on the price of an asset without an expiration date, saw nearly 2,000 lots traded on Nov. 24, representing about $32 million in notional value. That's crept up to $250 mill ...

RT Timmy Shen (@timmyhmshen)Coinbase is reopening the doors in India after a two-year pause, and Robinhood is making its first big move into Indonesia with dual acquisitions. Big week for U.S. exchanges pushing deeper into Asia.Links to full stories in comment. @TheBlock__ ...

Core Insights - Euronext announced trading volumes for November 2025, highlighting its position as a leading European capital market infrastructure [1] Group 1: Company Overview - Euronext operates across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - The company runs MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] - Euronext provides clearing and settlement services through Euronext Clearing and its CSDs in Denmark, Italy, Norway, and Portugal [2] Group 2: Market Position - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in global debt and fund listings [3] - Euronext accounts for 25% of European lit equity trading, offering a diverse range of products including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3] Group 3: Recent Developments - In November 2025, Euronext successfully acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [4]

Core Insights - Cboe Global Markets plans to extend trading hours for its Russell 2000 Index (RUT) options to nearly 24 hours a day, five days a week, starting February 9, 2026 [1] - The addition of overnight trading sessions is expected to enhance investors' ability to respond to market events and manage risk more effectively [1][1] - Cboe's Global Trading Hours (GTH) have seen record volumes in 2025, increasing by 179% year-to-date compared to the full year 2022, indicating strong demand for overnight trading [1][1] Trading Hours and Options - RUT options will be available for trading during regular U.S. hours and will also trade from 8:15 p.m. ET to 9:25 a.m. ET the following morning, Monday through Friday [1][1] - Cboe offers a variety of index options during GTH, including S&P 500 Index (SPX), Mini-SPX (XSP), and Cboe Volatility Index (VIX) options [1][1] - The introduction of RUT options to GTH will provide investors with more tools for accessing U.S. equity markets, potentially increasing trading, hedging, and liquidity opportunities [1][1] Market Demand and Performance - Average daily volume in Cboe's RUT options has reached nearly 75 thousand contracts, a 66% increase compared to the full year 2022, as traders seek to manage risk [1][1] - The Russell 2000 Index is known for its volatility and sensitivity to interest rates, making RUT options a useful tool for trading small-cap volatility [1][1] - Cboe publishes the Cboe Russell 2000 Volatility Index (RVX) to track implied volatility for the Russell 2000, which has historically been higher than the VIX Index [1][1] Trading Features - RUT options and Russell 2000 Index Weeklys (RUTW) options are cash-settled, European-style options, eliminating the risk of early exercise [1][1] - Cboe offers a range of expirations for RUT options, including every weekday, end-of-month, and quarterly options, allowing for diverse trading strategies [1][1] - Cboe also plans to introduce Curb Trading Hours from 4:15 p.m. to 5:00 p.m. ET, Monday through Friday, further expanding trading opportunities [1][1] Company Overview - Cboe Global Markets operates as a leading derivatives and securities exchange network, providing trading, clearing, and investment solutions globally [1][1] - The company offers products across multiple asset classes, including equities, derivatives, and FX, in North America, Europe, and Asia Pacific [1][1] - Cboe is committed to fostering an inclusive global marketplace that supports sustainable financial futures for its participants [1][1]

分组1 - Robinhood's target price has been raised to 172 from 145, indicating a positive outlook with an outperform rating from Mazouo [1] - The company has diversified its product offerings and is considered one of the better exchanges in the financial sector [2] - Delta Airlines is expected to benefit from capacity cuts, with a price target set at 77 by City, suggesting a bullish outlook for 2026 [3] 分组2 - GE Verova's target price increased to 720 from 710, with an overweight rating, indicating strong performance expectations [4] - Verdive's target price has been raised to 181 from 170, reflecting confidence in its growth potential [4] - Utility companies, which make up 80% of GE Verova's customer base, are increasing spending on transmission and grid infrastructure, contributing to a 30% growth in backlog [5] 分组3 - Verdive is experiencing organic sales growth of 28.4%, significantly higher than competitors, with expanding margins of 220 basis points last quarter [6] - Power generation is becoming increasingly important, with industrial and utility names seen as replacements for traditional oil investments [7] - GE Aerospace has been initiated with a buy rating, reflecting positive sentiment in the market [7] 分组4 - GE's services segment, which accounts for 70% of revenues, has shown strong performance with trailing 12-month service orders at $31 billion [8] - Concerns about the services aftermarket in 2026 are countered by strong order performance, indicating continued demand [8]

Core Thesis - Intercontinental Exchange, Inc. (ICE) is viewed positively due to its strong market position and diversified revenue streams, with shares trading at $156.94 and trailing and forward P/E ratios of 28.65 and 20.83 respectively [1][2] Competitive Advantage - ICE operates with a robust moat in financial infrastructure, combining its NYSE exchange, clearinghouses, and global data business, which are difficult for competitors to replicate [2] - The company's clearinghouses create regulatory barriers and capital efficiency, making it challenging for participants to switch once integrated [3] Revenue Model - ICE's business model is characterized as "own the casino," where every trade, stock listing, and data stream generates fees, allowing the company to thrive in various market conditions [4] - The firm benefits from trading volatility that boosts derivatives activity and stable periods that sustain demand for data and listings [4] Growth Catalysts - Growth is driven by expanding digital ecosystems, including scaling in the U.S. mortgage market, extending expertise into carbon and ESG markets, and enhancing fixed-income execution capabilities [5] - These initiatives replicate the structural economics that have made ICE's core businesses durable and high-margin [5] Market Position - Despite a recent stock price depreciation of approximately 11.09% since previous coverage, the bullish thesis remains intact as ICE's competitive advantages continue to hold [6][7]

Core Insights - Cboe Global Markets reported significant increases in trading volumes across various segments for November 2025 compared to November 2024, indicating strong market activity and growth in derivatives and securities trading [1] Trading Volume Highlights - Average Daily Trading Volume (ADV) for multi-listed options reached 14,429 thousand contracts, a 16.8% increase from November 2024 and a 9.2% decrease from October 2025 [1] - Index options ADV was 5,856 thousand contracts, marking a 41.4% increase year-over-year and a 6.3% increase from the previous month [1] - U.S. equities on-exchange matched shares totaled 1,802 million, up 12.5% from November 2024 but down 10.8% from October 2025 [1] - U.S. equities off-exchange matched shares surged to 202 million, a 115.0% increase compared to November 2024 [1] - Canadian equities matched shares were 186,073 thousand, reflecting a 17.0% increase year-over-year [1] - European equities in euros reached 12,772 million, a 13.4% increase from the previous year [1] - Global FX trading volume was $53,120 million, a 7.2% increase from November 2024 [1] Record Achievements - Cboe's proprietary index options suite set multiple volume records in November 2025, including an ADV record of 5.9 million contracts for proprietary index options and 4.6 million contracts for S&P 500 Index (SPX) options [1] - SPX zero-days-to-expiry (0DTE) options achieved an ADV record of 2.8 million contracts [1] - Cboe's global trading hours session saw an ADV record of 122 thousand contracts for SPX [1] - Mini-SPX (XSP) options also set an ADV record of 132 thousand contracts [1] - Global FX set a new Cboe SEF Non-Deliverable Forwards average daily notional value record of $3.5 billion [1]

塞舌尔维多利亚, Dec. 04, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所 (UEX) Bitget 今日宣布，其美国股票期货累计交易额已超过 100 亿美元。 该里程碑距离其首次突破 50 亿美元关口仅过去两周，充分印证了市场的强劲动能，以及用户对代币化股票期货需求的迅猛增长。 这一快速增长反映了宏观利好因素与产品创新之间的完美结合。 随着美国股市持续创下历史新高，交易者越来越多地转向 Bitget 的股票期货来表达方向性观点、对冲风险敞口，并通过加密原生执行方式参与全球股市动向。 在所有交易对中，最活跃的合约标的为：Tesla (TSLA)，以 27.2 亿美元的交易额领先；Meta (META)，达 21.4 亿美元；以及 Strategy (MSTR)，为 14.5 亿美元。这充分显示出市场对科技与加密领域的强烈关注。 Bitget 推出了基于超过 30 只美股蓝筹的 USDT 保证金永续期货，支持高达 25 倍杠杆，和极具竞争力的 0.0065% 费率。 该产品线已迅速成长为 Bitget 期货产品矩阵中增速最快的板块之一，吸引了众多寻求在统一平台无缝贯通传统市场与 ...

Core Viewpoint - Cboe Global Markets plans to extend trading hours for its Russell 2000 Index options to nearly 24 hours a day, five days a week, starting February 9, 2026, to enhance global access and trading flexibility for investors [1][9]. Trading Hours Expansion - Currently, RUT options are traded during regular U.S. hours from 9:30 a.m. ET to 4:15 p.m. ET, Monday through Friday. The new overnight session will allow trading from 8:15 p.m. ET to 9:25 a.m. ET the following morning, Monday through Friday [2][3]. - This extension aims to help global investors respond to market-moving events and manage risk more effectively in real time [2][5]. Market Demand and Growth - Cboe's Global Trading Hours (GTH) sessions have seen record volumes in 2025, with a 179% increase year-to-date compared to the full year 2022, indicating a growing global appetite for U.S. markets [4]. - The average daily volume in Cboe's RUT options has reached nearly 75 thousand contracts, up 66% compared to the full year 2022, reflecting increased interest in managing risk and implementing options strategies [5]. Product Offering and Flexibility - The addition of RUT options to GTH will expand Cboe's existing offerings, which include S&P 500 Index and Cboe Volatility Index options, providing investors with more tools for trading, hedging, and liquidity opportunities [3][9]. - RUT options are cash-settled, European-style options, allowing for a diverse range of trading strategies without the risk of early exercise [7]. Volatility Tracking - Cboe publishes the Cboe Russell 2000 Volatility Index (RVX) to track implied volatility for the Russell 2000, which has historically shown higher volatility than the VIX Index, reflecting the unique risk profile of small-cap stocks [6].