Cboe registers 5% Y/Y increase in global FX revenues in Q2 2020

Maria Nikolova

The rise was primarily due to higher access and capacity fees and net transaction fees compared with the second quarter of 2019.

Cboe Global Markets, Inc. today reported its financial results for the second quarter of 2020.

Global FX net revenue for the second quarter of 2020 amounted to $13.7 million, up 5%, primarily due to higher access and capacity fees and net transaction fees compared with the second quarter of 2019.

ADNV traded on the Cboe FX platform was $31.8 billion for the quarter, down 2% from last year’s second quarter. The decline in ADNV was offset by a 5% increase in net capture, with net capture per one million dollars traded of $2.77 for second quarter 2020 compared to $2.65 in the second quarter 2019.

Cboe FX market share reached a record high of 16.4% for the quarter compared to 15.2% in the second quarter of 2019.

Across all segments, net revenue for the second quarter of 2020 reached $296.9 million, marking an increase of 5% from the result of $283.2 million registered in the prior-year period, reflecting higher market data fees, primarily due to revenue contributed from the acquisitions of Hanweck and FT Options  in the first quarter of 2020, and record quarterly trading volumes in U.S. equities and multi-listed options.

Total operating expenses were $135.2 million versus $158.0 million in the second quarter of 2019.

Operating income increased by 29% to $161.7 million and adjusted operating income increased by 12% to $201.1 million as a result of higher net revenue and lower operating expenses.

Diluted EPS for the second quarter of 2020 was $1.03, up 32%. Adjusted diluted EPS of $1.31 increased 16% compared to 2019’s second-quarter results.

Read this next

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.


Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.


New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.


BlockDAG’s Lunar Teaser Skyrockets Presale to $17.8M! Polkadot’s Price Soars with Optimism & Chainlink Unveils Updates

Polkadot (DOT) price prediction expects a rally as DOT garners attention for its high development activity, whereas Chainlink launches a new bridging tool. Meanwhile, BlockDAG has entered stage 9, with an impressive $17.8 million garnered in its ongoing presale.


MetaWin Announces Innovative TOKENIZED Tesla Cybertruck Contest on Ethereum’s Base Layer 2 Blockchain

This NFT, which represents full ownership rights to The Cybertruck, has been launched on the Ethereum Base Layer 2 blockchain operated by cryptocurrency giant Coinbase.