Home Featured Cboe reports 21% increase in global FX net revenues in Q3

Cboe reports 21% increase in global FX net revenues in Q3

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Cboe reports 21% increase in global FX net revenues in Q3



Cboe FX reported that the average daily notional value for forex trading was $41.3 billion for Q3 2022. This is a 27% increase compared to the previous year.

In the official announcement, the company noted that Cboe FX commanded 17.8% of the market share, compared to 17% in last year’s third quarter.

Edward T. Tilly (Cboe Global Markets Chairman and President, Chief Executive Officer) said:

Cboe achieved record adjusted earnings for the third quarter 2022. This was in addition to the excellent results from the first half. Our derivatives franchise drove the strong trends, with substantial contributions from our cash and spot markets and data access solutions.

Brian N. Schell (Cboe Global Markets Executive vice president, Chief Financial Officer and Treasurer) added:

Cboe achieved record-breaking net revenue and adjusted earnings results in the third quarter. Continued market uncertainty, coupled with the investments we have made across our cash, data and derivatives categories, helped drive Cboe’s outperformance in the third quarter. The net revenues from derivatives markets grew 31%, while data and access solutions grew 15%



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