Cboe Global Markets, Inc. - Third Quarter 2023 Earnings Call

3Q23: Record Net Revenue and Adjusted Earnings

Net revenues grew 9% Y/Y, a product of continued strong transaction and non-transaction growth

15% increase in Derivatives Markets organic net revenue

• ADV up 28% in index options and 2% in multi-listed options

9% increase in Data and Access Solutions organic net revenue

• Continued expansion in transaction capabilities drove increased access and capacity units 
• Comprehensive suite of data solutions across geographies and asset classes translated to strong user and unit growth

6% decrease in Cash and Spot Markets organic net revenue

• FX ADNV up 8% y/y and market share up 2.4% to a record 20.2% 
• Lower industry volumes in equities weighed on transaction revenues

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