Friday, 01 May 2020 08:18 PM MYT
NEW YORK, May 1 — Exchange operator Cboe Global Markets Inc beat market expectations for quarterly profit on Friday, earning more from clearing transactions as trading volumes increased due to market volatility during the Covid-19 pandemic. “During the quarter, increased trading activity across our asset classes led to record net revenues,” said Cboe Chief Executive Officer Edward Tilly.
Derivatives such as options and futures are traded on Cboe’s VIX index, Wall Street’s so-called “fear gauge”, which measures the 30-day expected market volatility of the S&P 500 index.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: