CHICAGO, June 16, 2020 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), one of the world's largest exchange
holding companies, announced it reopened its Cboe Options Exchange
trading floor in Chicago on
Monday, June 15, 2020, and
successfully resumed hybrid trading – which includes open-outcry
and electronic trading mechanisms.
On March 16, the Cboe Options
Exchange trading floor was temporarily closed and transitioned to
all-electronic trading mode as a precautionary measure to reduce
the risk of the novel coronavirus disease (COVID-19). The Cboe
Options Exchange trading floor reopened yesterday and is
accommodating open-outcry trading activity with a modified floor
layout, with stringent health and safety protocols in place
for the well-being of the trading floor community, which includes
Cboe associates and trading permit holders (TPHs).
Ed Tilly, Chairman, President and
Chief Executive Officer of Cboe Global Markets, said: "The health
and safety of our trading floor community is paramount and
continues to guide our decision-making process. I am deeply
grateful to our trading floor participants for their flexibility
and patience when health concerns necessitated the floor's
temporary closure, and for their collaboration in helping us to map
out yesterday's reopening. We are pleased to have reopened the
floor and we will remain vigilant in monitoring the new trading
environment and any new developments related to workplace
safety."
Chris Isaacson, Executive Vice
President, Chief Operating Officer of Cboe Global Markets, said:
"We are pleased with the successful reopening of the trading floor.
The Cboe team worked tirelessly to provide for a safe and seamless
return to the trading floor. From consulting with public health
experts and developing enhanced safety protocols, engaging with our
regulators on rule changes, to reconfiguring the entire floor
and testing equipment with our TPH members, brokers and market
makers – we have restored the benefits of hybrid trading with both
open outcry and electronic trading, while taking into consideration
the health and safety of our trading floor community."
Cboe has implemented extensive health and safety protocols for
the trading floor, including social distancing, modified capacity
limits, required face coverings, enhanced daily cleaning and
sanitizing procedures, medical screenings at entry points of the
building, and restricted trading floor access. All individuals on
the Cboe trading floor are also required to comply with new
standards of conduct related to COVID-19.
While Cboe's Chicago trading floor in the 400 South
LaSalle Street building has reopened, the Cboe office
in Chicago, along with the company's other locations across
the globe, remain closed. All Cboe staff, with the exception
of a limited number of essential personnel, continue to work
remotely. Cboe is closely monitoring developments around COVID-19
and guidance provided by governmental and public health
agencies.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) is one of the world's largest
exchange holding companies, offering cutting-edge trading and
investment solutions to investors around the world. The company is
committed to defining markets to benefit its participants and drive
the global marketplace forward through product innovation, leading
edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and volatility products based on the Cboe
Volatility Index (VIX Index), recognized as the world's premier
gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe and is a leading market
globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
|
|
Analyst
Contact
|
Angela
Tu
|
Stacie
Fleming
|
|
Debbie
Koopman
|
|
+1-646-856-8734
|
+44-20-7012-8950
|
|
+1-312-786-7136
|
|
atu@cboe.com
|
sfleming@cboe.com
|
|
dkoopman@cboe.com
|
|
|
|
|
|
|
|
|
CBOE-C
CBOE-OE
Cboe®, Cboe Volatility Index®, VIX® and Cboe Global Markets®
are registered trademarks of Cboe Exchange, Inc. All other
trademarks and service marks are the property of their respective
owners.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve a number of risks and
uncertainties. You can identify these statements by forward-looking
words such as "may," "might," "should," "expect," "plan,"
"anticipate," "believe," "estimate," "predict," "potential" or
"continue," and the negative of these terms and other comparable
terminology. All statements that reflect our expectations,
assumptions or projections about the future other than statements
of historical fact are forward-looking statements. These
forward-looking statements, which are subject to known and unknown
risks, uncertainties and assumptions about us, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current expectations and
projections about future events. There are important factors that
could cause our actual results, level of activity, performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements.
We operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ
include: the impact of the novel coronavirus ("COVID-19")
pandemic, including changes to trading behavior broadly in the
market as well as due to the temporary suspension of open outcry
trading in response to COVID-19; the loss of our right to
exclusively list and trade certain index options and futures
products; economic, political and market conditions; compliance
with legal and regulatory obligations; price competition and
consolidation in our industry; decreases in trading volumes, market
data fees or a shift in the mix of products traded on our
exchanges; legislative or regulatory changes; our ability to
protect our systems and communication networks from security risks,
cybersecurity risks, insider threats and unauthorized disclosure of
confidential information; increasing competition by foreign and
domestic entities; our dependence on and exposure to risk from
third parties; fluctuations to currency exchange rates; our index
providers' ability to maintain the quality and integrity of their
indexes and to perform under our agreements; our ability to operate
our business without violating the intellectual property rights of
others and the costs associated with protecting our intellectual
property rights; our ability to attract and retain skilled
management and other personnel; our ability to accommodate trading
volume and transaction traffic, including significant increases,
without failure or degradation of performance of our systems;
misconduct by those who use our markets or our products; challenges
to our use of open source software code; our ability to meet our
compliance obligations, including managing potential conflicts
between our regulatory responsibilities and our for-profit status;
damage to our reputation; the ability of our compliance and risk
management methods to effectively monitor and manage our risks; our
ability to manage our growth and strategic acquisitions or
alliances effectively; restrictions imposed by our debt
obligations; our ability to maintain an investment grade credit
rating; impairment of our goodwill, long-lived assets, investments
or intangible assets; and the accuracy of our estimates and
expectations. More detailed information about factors that may
affect our actual results to differ may be found in our filings
with the SEC, including in our Annual Report on Form 10-K for the
year ended December 31, 2019 and
other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cboe-global-markets-reopens-chicago-trading-floor-301077744.html
SOURCE Cboe Global Markets, Inc.