Cboe Global Markets (CBOE)

Company ID: 130 | CIK: 0001374310
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

Average revenue per contract (arpu)

OCC clearing members (customers)

Average daily cleared value (gmv)

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Employees (headcount)

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U.S. ETP Launches (orders_received)

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ADNV (other)

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ADV (other)

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ADV (matched shares) (other)

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ADV (touched shares) (other)

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ADV matched shares (other)

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Adjusted EBITDA margin (other)

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Adjusted cash (other)

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Annual Contract Volume (other)

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Australian Equities ADNV (other)

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Australian Equities Market Share (other)

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Australian equities ADNV (other)

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Australian equities average daily notional volume (other)

Australian equities average daily volume (other)

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Australian equities market share (other)

Australian equities net capture (other)

Australian equities volume (other)

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Average Daily Cleared Value (other)

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Average Daily Notional Value (other)

Average Daily Volume (other)

Average EUR/GBP exchange rate (other)

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Average GBP/USD exchange rate (other)

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Average daily cleared value (other)

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Average daily notional value (other)

Average daily notional volume (other)

Average daily settlement value (other)

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Average daily trading volume (other)

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Average daily volume (other)

Average exchange rate (other)

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Average fee per contract (other)

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Average repurchase price (other)

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Average revenue per contract (other)

Average transaction fee (other)

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Average transaction fee per contract (other)

British pound/U.S. dollar exchange rate (other)

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Buyback authorization remaining (other)

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Canadian Equities ADV (other)

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Canadian equities ADV (other)

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Canadian equities average daily volume (other)

Canadian equities net capture (other)

Canadian equities volume (other)

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Cash dividends per share (other)

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Cboe Clear Europe Market Share (other)

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Cboe Clear Europe Trades (other)

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Cboe Clear Europe net settlement volume (other)

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Cboe European equities matched ADNV (other)

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Cleared options market share (other)

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Clearing fee per trade (other)

Clearing firms (other)

Clearing member Trading Permit Holders (other)

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Clearing members (other)

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Clearing participant deposits (other)

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Common Stock Outstanding (other)

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Common shares outstanding (other)

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Contract volume (other)

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Contract volume traded (other)

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Daily messages processed (other)

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Digital assets safeguarded (other)

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EBITDA margin (other)

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ETFs and ETNs with options (other)

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ETP Launches (other)

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ETP Listings (other)

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ETP Listings Added (other)

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ETP issuers (other)

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ETP launches (other)

ETP launches market share (other)

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ETP listings (other)

ETP listings market share (other)

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Electronic access permits (other)

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Euro/British pound exchange rate (other)

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EuroCCP Net Settlement Volume (other)

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EuroCCP Trades Cleared (other)

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EuroCCP net settlement volume (other)

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EuroCCP trades cleared (other)

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Europe equities ADNV (other)

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Europe equities market ADNV (other)

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Europe equities market share (other)

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Europe equities net capture (other)

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European Equities ADNV (other)

European Equities Average Daily Notional Value (other)

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European Equities Market ADNV (other)

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European Equities Market Share (other)

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European Equities Matched ADNV (other)

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European Equities average daily notional value (other)

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European Equities market ADNV (other)

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European Equities market share (other)

European Equities net capture (other)

European Trades Cleared (other)

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European clearing market share (other)

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European equities average daily notional value (other)

European equities average daily notional volume (other)

European equities average daily volume (other)

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European equities market ADNV (other)

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European equities market ADV (other)

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European equities market average daily notional value (other)

European equities market share (other)

European equities market share cleared (other)

European equities market volume (other)

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European equities matched ADNV (other)

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European equities net capture (other)

European equities volume (other)

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Exchange rate (other)

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Exchange-traded options market share (other)

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Exchanges operated (other)

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FX average daily notional volume (other)

FX net capture (other)

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FX volume (other)

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Fee Per Trade (other)

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Fee per trade cleared (other)

Foreign revenue exposure (other)

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Futures ADV (other)

Futures Average Daily Volume (other)

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Futures average daily volume (other)

Futures net capture (other)

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Futures products (other)

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Futures revenue per contract (other)

Futures volume (other)

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Global ETP listings (other)

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Global FX ADNV (other)

Global FX Average Daily Notional Value (other)

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Global FX Market Share (other)

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Global FX average daily notional value (other)

Global FX average daily notional volume (other)

Global FX average daily volume (other)

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Global FX market share (other)

Global FX net capture (other)

Global listings added (other)

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Index and futures volume share (other)

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Index contract ADV (other)

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Index options ADV (other)

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Index options RPC (other)

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Index options and futures volume mix (other)

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Index options average daily volume (other)

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Index options market share (other)

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Index options revenue per contract (other)

Industry cleared options volume (other)

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Japanese Equities ADNV (other)

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Japanese Equities Market Share (other)

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Japanese equities ADNV (other)

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Japanese equities average daily notional volume (other)

Japanese equities average daily volume (other)

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Japanese equities market share (other)

Japanese equities net capture (other)

Listed options underlyings (other)

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Listed underlying products (other)

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Listed underlyings (other)

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Listings (other)

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Listings added (other)

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Listings outstanding (other)

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Margin deposits and clearing funds (other)

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Market ADNV (other)

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Market ADV (other)

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Market Data Terminals (other)

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Market Share (other)

Market Value of Voting Common Equity (other)

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Market average daily notional volume (other)

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Market average daily volume (other)

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Market data terminals (other)

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Market share (other)

Market share - Continuous (other)

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Market share of options contracts (other)

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Market share of options contracts traded (other)

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Market share of options volume (other)

Matched ADNV (other)

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Multi-listed contract ADV (other)

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Multi-listed options ADV (other)

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Multi-listed options RPC (other)

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Multi-listed options market share (other)

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Multi-listed options revenue per contract (other)

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Multiply-listed options revenue per contract (other)

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Net Capture (other)

Net Fee Per Settlement (other)

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Net Settlement Value (other)

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Net Settlement Volume (other)

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Net capture (other)

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Net capture rate (other)

Net fee per settlement (other)

Net settlement volume (other)

Net settlements (other)

Netting Elimination (other)

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New ETP Launches (other)

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New U.S. ETP listing win rate (other)

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Nonvested restricted stock units (other)

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Notional volume cleared (other)

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Number of Reportable Segments (other)

OCC clearing member firms (other)

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OPRA cleared options share (other)

OPRA income share (other)

OPRA market data revenue share (other)

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OPRA market share (other)

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OPRA revenue share (other)

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OPRA share of cleared options (other)

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Off-exchange ADV (other)

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Off-exchange net capture (other)

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Options ADV (other)

Options Average Daily Volume (other)

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Options Index Contract ADV (other)

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Options Market ADV (other)

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Options Market Share (other)

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Options Multi-Listed Contract ADV (other)

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Options Total Touched Contracts (other)

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Options average daily volume (other)

Options contracts touched (other)

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Options exchanges (other)

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Options market ADV (other)

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Options market average daily volume (other)

Options market share (other)

Options market volume (other)

Options revenue per contract (other)

Options trading days (other)

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Options volume (other)

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Options volume touched (other)

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Outstanding Common Stock (other)

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Outstanding Shares (other)

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Outstanding shares (other)

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Peak inbound messages (other)

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Peak message traffic (other)

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Penny Pilot Program classes (other)

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Proprietary indexes (other)

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Regulatory capital minimum requirement (other)

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Repurchase authorization remaining (other)

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Restricted stock grants (other)

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Revenue Per Contract (other)

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Revenue per contract (other)

Revenue per contract growth (other)

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Share of OPRA income (other)

Share of cleared options (other)

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Share of cleared options transactions (other)

Share of new U.S. ETP listings (other)

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Share repurchase authorization remaining (other)

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Share repurchase availability (other)

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Shares outstanding (other)

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Shares repurchased (other)

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Total Contract Volume (other)

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Total Options market share (other)

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Total contract volume (other)

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Total contracts traded (other)

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Total matched shares (other)

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Total touched contracts (other)

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Total touched shares (other)

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Total trading volume (other)

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Trades Cleared (other)

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Trades cleared (other)

Trading Days (other)

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Trading Permit Holders (other)

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Trading Permits (other)

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Trading access permits (other)

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Trading days (other)

Trading permit access points (other)

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Trading venues (other)

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Trading volume (other)

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Trading volume change (other)

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Trading volume growth (other)

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Treasury shares (other)

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Treasury shares held (other)

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U.K. revenue share (other)

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U.S. ETP Launches (other)

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U.S. ETP Listings (other)

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U.S. ETP launches (other)

U.S. ETP listings (other)

U.S. ETPs launches (other)

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U.S. ETPs listings (other)

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U.S. ETPs: launches (other)

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U.S. ETPs: listings (other)

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U.S. Equities ADV (other)

U.S. Equities Average Daily Volume (other)

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U.S. Equities Market ADV (other)

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U.S. Equities Market Share (other)

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U.S. Equities Off-Exchange ADV (other)

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U.S. Equities Total Touched Shares (other)

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U.S. Equities average daily volume (other)

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U.S. Equities market ADV (other)

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U.S. Equities market share (other)

U.S. Equities net capture (other)

U.S. equities ADV (other)

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U.S. equities average daily volume (other)

U.S. equities exchange net capture (other)

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U.S. equities market ADV (other)

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U.S. equities market average daily volume (other)

U.S. equities market share (other)

U.S. equities market volume (other)

U.S. equities matched volume (other)

U.S. equities net capture (other)

U.S. equities off-exchange net capture (other)

U.S. equities off-exchange touched shares (other)

No 10-K data

U.S. equities off-exchange volume (other)

U.S. equities shares touched (other)

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U.S. equities touched shares (other)

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U.S. equities touched volume (other)

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U.S. equities volume touched (other)

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U.S. options market share (other)

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UK share of net revenue (other)

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Underlying products (other)

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Unrecognized compensation cost (other)

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Unrecognized stock compensation (other)

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Unvested restricted stock (other)

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Volume mix (other)

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Average daily volume (production_volume)

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U.S. ETP Listings (properties)

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Square footage occupied (square_footage)

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Average daily volume (throughput)

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Global FX ADNV (transactions)

Average Daily Volume (units_shipped)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

No 10-Q data
No 10-Q data

Demographics

No demographic data found.

Workforce Breakdowns

No 10-Q data
No 10-Q data

HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progress2026-05-012026-12-31GlobalMultiple segments including Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and CorporateUSD 29 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic realignment includes wind downs of Cboe Digital, Cboe Japan, and CEDX plus resource optimization. Six-month 2026 charges: $23.3M compensation and benefits, $4.0M professional fees, $1.9M technology support, net $(0.4)M other. Remaining estimated compensation and benefits costs of $13.0M. No employee count disclosed.
2026-06-30divestiture_reductionin_progress2026-04-22Australia and CanadaEurope and Asia Pacific; North American Equitiesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to sell Cboe Australia and Cboe Canada to TMX Group for approximately $300 million. Assets and liabilities classified as held for sale in April 2026. Cboe Australia sale expected to close Q3 2026. No headcount associated with the divestiture disclosed.
2026-06-30plant_closurecompleted2026-01-092026-02-23EuropeEurope and Asia Pacific (CEDX pan-European derivatives platform)USD 6 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CEDX exchange service wind down formally initiated January 2026; decommissioned effective February 23, 2026. $5.6M impairment charge on data processing software and prepaid expenses recorded in Q4 2025. No employee count disclosed.
2026-06-30restructuringin_progress2026-05-012026-12-31GlobalVarious (Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, Corporate)USD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced May 1, 2026. Includes severance, relocation, post-employment benefits, professional fees, and contract terminations. Q2 2026 charges: $21.7M compensation/benefits, $2.5M professional fees, $0.1M tech support. Remaining estimated costs: $13.0M in compensation and benefits.
2026-06-30plant_closurecompleted2025-07-232026-03-23JapanEurope and Asia Pacificrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Wind down of Cboe Japan proprietary trading system and BIDS Japan block trading platform. Operations suspended Aug 29, 2025; formally closed March 23, 2026. Impairment charges recorded in prior periods ($1.8M fixed assets, $2.7M software).
2026-06-30plant_closurecompleted2026-01-012026-02-28EuropeEurope and Asia Pacificrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Wind down of CEDX exchange service initiated Jan 2026, completed Feb 2026. Impairment charges recorded in prior periods ($5.6M software/prepaid expenses).
2026-06-30restructuringin_progressOperating Segments [Member] / Options [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / North American Equities [Member]USD 3,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / Europe And Asia Pacific [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / Futures [Member]USD 1,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / Global FX [Member]USD 600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressCorporate And Eliminations [Member]USD 300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressUSD 21,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringannounced2026-05-012026-12-31GlobalEnterprise-wideUSD 36 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax restructuring charge estimated at $36M to $46M, primarily severance, with most costs expected Q2–Q4 2026. Annualized pre-tax savings of $40M to $50M, of which $20M to $25M expected in 2026. Combined with earlier actions to sell, wind down and optimize businesses, the Company expects to reduce its workforce by approximately 20%. Position eliminations subject to local law and consultation requirements in certain countries, which may extend beyond end of 2026. No headcount figure disclosed for this action alone.
2026-03-31divestiture_reductionannounced2026-04-22Australia; CanadaEurope and Asia Pacific segment (Cboe Australia); North American Equities segment (Cboe Canada)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to sell both businesses to TMX Group Limited for approximately $300 million, subject to customary closing conditions and regulatory approvals; sales expected to close separately. Classified as held-for-sale in April 2026 but not discontinued operations. Transition services to be provided for a limited time after closing. No employee count disclosed.
2026-03-31restructuringcompleted2026-01-092026-02-23Europe (Netherlands)Europe and Asia Pacific segment — CEDX pan-European derivatives platformother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wind down of CEDX formally initiated January 2026 following strategic review; exchange service decommissioned effective 2026-02-23. A $5.6 million impairment charge for data processing software and prepaid expenses was recorded in Q4 2025. No employee count disclosed.
2026-03-31plant_closurecompleted2025-07-232026-03-23JapanEurope and Asia Pacific segment — Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platformother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Japanese equities business wind down announced 2025-07-23; operations suspended 2025-08-29 and business formally closed 2026-03-23 upon regulatory approval to discontinue Financial Instruments Business registration. Prior-period impairment charges totaled $18.9 million for intangible assets plus $1.8 million fixed assets and $2.7 million data processing software. No employee count disclosed.
2026-03-31restructuringin_progressGlobalEnterprise-wideUSD 5 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 business realignment costs of $5.1 million relating to previously announced business realignment initiatives: $1.6M compensation and benefits, $1.8M technology support services, $1.5M professional fees and outside services, $0.2M other expenses. No employee count or announcement date disclosed in this filing.
2026-03-31restructuringannounced20%2026-05-012026-12-31GlobalAll segmentsUSD 41 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced May 1, 2026. Expected pre-tax charges of $36M-$46M (midpoint used). Combined with earlier actions, expected to reduce workforce by approx 20%. Completion substantially by end of 2026, though local consultation may extend timeline.
2025-12-31plant_closurein_progress2025-07-23JapanEurope and Asia Pacific — Japanese equities business (Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform)USD 23 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Operations suspended 2025-08-29; formal closure pending regulator consultation. Charge comprises $18.9M intangibles, $1.8M fixed assets, $2.7M data processing software. Employees affected not disclosed; Japan headcount was 17 at year-end.
2025-12-31divestiture_reductionin_progress2025-01-01Australia; CanadaCboe Australia and Cboe Canada businessesUSD 18 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sales processes initiated during 2025 following a comprehensive strategic review; announcement date not specified beyond 'in 2025'. Charge is the Q4 2025 cumulative impairment of Cboe Canada intangible assets; no Australia charge disclosed. Employees affected not disclosed.
2025-12-31restructuringcompleted2025-01-01United States; EuropeCorporate Listings (US and European) — discontinuedItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
US and European Corporate Listings efforts discontinued during 2025; no specific announcement date, employee count, or charge disclosed.
2025-12-31restructuringin_progress2025-01-01United States; EuropeETP Listings businesses, Cboe Europe Derivatives (CEDX), and smaller Risk and Market Analytics businesses — cost reductionsUSD 7 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 business realignment costs of $7.0M comprise $5.1M compensation and benefits, $0.5M professional fees, $1.4M other. Employees affected not disclosed; announcement date not specified beyond 'in 2025'.
2025-12-31plant_closureannounced2026-01-092026-02-23Netherlands / EuropeEurope and Asia Pacific — CEDX pan-European derivatives exchangeUSD 6 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Wind down formally initiated January 2026; CEDX release to participants 2026-01-09; exchange service decommissioned effective 2026-02-23. Charge of $5.6M for data processing software and prepaid expenses was recorded in FY2025. Employees affected not disclosed.
2025-12-31restructuringcompleted2025-07-232025-08-29JapanCboe JapanUSD 23 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Wind down of Japanese equities business, including cessation of Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. Operations suspended August 29, 2025. Charge includes $17.1M interim impairment and $1.8M additional impairment plus $1.8M fixed asset impairment (total $23.4M mentioned in context of wind down costs/impairments).
2025-12-31restructuringcompleted2025-01-012025-12-31CanadaCboe CanadaUSD 18 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sales process initiated for Cboe Canada business. Recorded $17.7M impairment charge related to Cboe Canada's intangible assets in Q4 2025.
2025-12-31restructuringcompleted2025-01-012025-12-31EuropeCboe Clear Europe / CEDXUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduced costs associated with CEDX. Recorded $5.6M impairment charge of internally developed software and prepaid expenses on Cboe Clear Europe related to CEDX wind down.
2025-12-31restructuringannounced2026-01-012026-02-23EuropeCEDXsubsequent_events
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Subsequent to December 31, 2025, Cboe initiated the wind down of CEDX. Exchange service decommissioned effective February 23, 2026.
2025-12-31restructuringin_progress2025-07-23JapanEquitiesUSD 23 (millions)Item 1. Business - Risk Factors
f5-10k / Qwen3.6-27B-Q8_0
Company announced wind down of Cboe Japan proprietary trading system and BIDS Japan block trading platform. Operations suspended August 29, 2025. Impairment charge of $23.4 million recorded for assets. Employee count affected not explicitly disclosed.
2025-12-31restructuringin_progress2025-12-31EuropeDerivativesUSD 6 (millions)Item 1. Business - Risk Factors
f5-10k / Qwen3.6-27B-Q8_0
Subsequent to Dec 31, 2025, initiated wind down of CEDX pan-European derivatives platform. Impairment charge of $5.6 million recorded for software and prepaid expenses. Employee count affected not explicitly disclosed.
2025-12-31restructuringin_progress2025-12-31AustraliaEquitiesItem 1. Business - Risk Factors
f5-10k / Qwen3.6-27B-Q8_0
Initiated sale processes for Australia equities business. No specific employee count or charge disclosed.
2025-12-31restructuringin_progress2025-12-31CanadaEquitiesUSD 18 (millions)Item 1. Business - Risk Factors
f5-10k / Qwen3.6-27B-Q8_0
Initiated sale processes for Canada equities business. Impairment charge of $17.7 million recorded for intangible assets. Employee count affected not explicitly disclosed.
2025-09-30plant_closurein_progress2025-07-23JapanEurope and Asia PacificUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wind down of Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform; operations suspended 2025-08-29, formal closure pending regulator consultation. Charge shown is Q3 impairment of assets; an additional $2.4M of wind-down costs was recorded in the quarter. No employee count disclosed.
2025-09-30divestiture_reductionannouncedCanada, AustraliaNorth American Equities; Europe and Asia Pacificsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement of a sales process for the Canadian equities and Australian equities businesses; management assessing fair value against carrying values. Filer states year-to-date impact on net revenue, expenses, and net income is not material. No employee count or announcement date disclosed.
2025-09-30restructuringin_progress2025-07-23JapanEurope and Asia PacificUSD 5 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Wind down of Cboe Japan equities business, including proprietary trading system and BIDS Japan block trading platform. Operations suspended August 29, 2025. Impairment charge of $4.5 million recorded for Q3 2025 related to indefinite-lived intangible assets and technology-related software.
2025-09-30othercompleted2025-05-282025-08-01GlobalExecutive ManagementMD&A
f5-10q / Qwen3.6-27B-Q8_0
Resignation of Dave Howson, Executive Vice President and Global President. Employment terminated August 1, 2025. Craig S. Donohue appointed President effective August 2, 2025.
2025-06-30plant_closureannounced2025-07-232025-08-29JapanEurope and Asia Pacific — Cboe Japan equities business (proprietary trading system and BIDS Japan block trading platform)USD 5 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Estimated pre-tax charge expected in Q3 2025, primarily non-cash impairment of indefinite-lived intangibles and technology software; no employee count disclosed. Cboe Japan net revenue was $3.3M in Q2 2025.
2025-06-30plant_closureannounced2025-07-232025-08-29JapanEurope and Asia PacificUSD 5 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced wind down of Cboe Japan proprietary trading system and BIDS Japan block trading platform. Expected pre-tax charge of $4.6 million primarily for non-cash impairment of indefinite-lived intangible assets and technology-related software.
2024-12-31othercompleted2024-04-252024-05-31United StatesDigitalUSD 2 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cboe announced wind-down of the Cboe Digital spot market (closed 2024-05-31) and unwinding of the minority ownership structure; no employee impact or headcount reduction was disclosed. Related costs of $2.1 million recorded in 2024 and an $81.0 million intangible asset impairment in Q2 2024. Digital expected to cease as a distinct reportable segment in Q1 2025.
2024-03-31restructuringannounced2024-04-25United StatesDigitalUSD 39 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Company announced plans to wind down Cboe Digital spot crypto market and unwind minority ownership structure. Estimated pre-tax charge of $39 million to $82 million expected in Q2 2024, primarily for non-cash impairment of long-lived and indefinite-lived intangible assets. No specific employee count disclosed.
2022-12-31acquisition_additioncompleted2021-10-202022-05-02United StatesDigitalbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of ErisX, rebranded Cboe Digital, closed May 2, 2022; headcount added not disclosed.
2022-12-31acquisition_additioncompleted2021-11-152022-06-01CanadaNorth American Equitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of NEO Exchange Inc. closed June 1, 2022; headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-05-02United StatesDigitalItem 1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of ErisX (rebranded Cboe Digital) completed May 2, 2022. Specific headcount addition not disclosed.
2022-12-31acquisition_additioncompleted2022-06-01CanadaNorth American EquitiesItem 1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of NEO Exchange Inc. completed June 1, 2022. Specific headcount addition not disclosed.
2022-06-30acquisition_additioncompleted2021-10-202022-05-02United StatesDigitalbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of ErisX completed May 2, 2022. No employee headcount added disclosed.
2022-06-30acquisition_additioncompleted2021-11-152022-06-01CanadaNorth American Equitiesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of NEO completed June 1, 2022. No employee headcount added disclosed.
2022-06-30acquisition_additioncompleted2022-05-022022-05-02United StatesDigitalbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of ErisX completed May 2, 2022. Headcount not disclosed.
2022-06-30acquisition_additioncompleted2022-06-012022-06-01CanadaNorth American Equitiesbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of NEO completed June 1, 2022. Headcount not disclosed.
2021-12-31acquisition_additioncompleted2021-07-012021-07-01Australia and JapanEurope and Asia Pacificbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Chi-X Asia Pacific Holdings, Ltd. closed 2021-07-01; acquired business had total assets of $266.5M and total revenues of $17.1M for the stub period. Headcount added not disclosed.
2021-12-31acquisition_additionannounced2021-10-202022-06-30United StatesDigital assets (planned Cboe Digital)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Eris Digital Holdings, LLC announced 2021-10-20; expected to close in the first half of 2022 subject to regulatory approvals. Headcount not disclosed.
2021-12-31acquisition_additionannounced2021-11-152022-06-30CanadaNorth American Equitiessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Aequitas Innovations, Inc. (NEO Exchange) announced 2021-11-15; expected to close in the first half of 2022 subject to regulatory review. Headcount not disclosed.
2021-06-30acquisition_additioncompleted2021-03-242021-07-01Asia Pacific (Australia and Japan)North American Equities / global equities expansionother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement announced 2021-03-24; transaction closed 2021-07-01 (after quarter end). No headcount added disclosed in the filing.
2020-12-31acquisition_additioncompleted2020-02-032020-02-03United StatesOptionsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of Hanweck Associates and FT Providers assets; headcount added not disclosed
2020-12-31acquisition_additioncompleted2020-06-012020-06-01United StatesOptionsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of Trade Alert assets; headcount added not disclosed
2020-12-31acquisition_additioncompleted2020-07-012020-07-01NetherlandsEuropean Equitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of remaining 80% interest in EuroCCP; headcount added not disclosed
2020-12-31acquisition_additioncompleted2020-08-042020-08-04CanadaNorth American Equitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of MATCHNow equities ATS; headcount added not disclosed
2020-12-31acquisition_additioncompleted2020-12-312020-12-31United StatesNorth American Equitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of BIDS Holdings (BIDS Trading ATS); headcount added not disclosed
2020-12-31acquisition_additioncompleted2020-02-032020-02-03United StatesOptionsItem 1 - Business - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Purchased Hanweck Associates, LLC and assets of FT Providers, LLC. Specific headcount not disclosed.
2020-12-31acquisition_additioncompleted2020-06-012020-06-01United StatesOptionsItem 1 - Business - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Purchased assets of Trade Alert, LLC. Specific headcount not disclosed.
2020-12-31acquisition_additioncompleted2020-07-012020-07-01EuropeEuropean EquitiesItem 1 - Business - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Completed acquisition of remaining 80% interest in EuroCCP. Specific headcount not disclosed.
2020-12-31acquisition_additioncompleted2020-08-042020-08-04CanadaNorth American EquitiesItem 1 - Business - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Completed acquisition of MATCHNow. Specific headcount not disclosed.
2020-12-31acquisition_additioncompleted2020-12-312020-12-31United StatesNorth American EquitiesItem 1 - Business - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Completed acquisition of BIDS Holdings. Specific headcount not disclosed.
2020-06-30acquisition_additioncompleted2020-02-032020-02-03United StatesOptionsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase of Hanweck Associates, LLC and assets of FT Providers, LLC (risk analytics providers); no headcount added disclosed. Closed within the six-month YTD period.
2020-06-30acquisition_additioncompleted2020-06-012020-06-01United StatesOptionsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase of assets of Trade Alert, LLC (real-time alerts and order flow analysis); no headcount added disclosed.
2020-06-30acquisition_additionannounced2020-07-012020-07-01EuropeEuropean Equities / clearingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the remaining 80% interest in European Central Counterparty N.V. (EuroCCP); no headcount disclosed.
2019-12-31restructuringin_progressUnited StatesCorporateUSD 11 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Current-year accrual only; $10.1M paid during 2019, $6.7M balance at year-end. Positions deemed redundant after the Bats acquisition; no employee count disclosed.
2019-12-31acquisition_additionannounced2020-022020-02United StatesOthersubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event acquisitions of Hanweck Associates and FT Providers completed with cash on hand; no headcount disclosed.
2019-12-31restructuringcompletedGlobalCorporate / OptionsUSD 11 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Termination benefits accrued of $10.7 million recognized in compensation and benefits. Balance at year-end was $6.7 million.
2019-12-31acquisition_additioncompleted2020-02-01United StatesRisk Analytics / Portfolio ManagementItem 1 - Recent Developments
f5-10k / Qwen3.6-27B-Q8_0
Acquired Hanweck Associates, LLC and FT Providers, LLC in February 2020. Headcount not disclosed.
2019-12-31restructuringcompleted2019-12-31Chicago, IllinoisCorporate / FacilitiesUSD 6 (millions)MD&A - Operating Expenses
f5-10k / Qwen3.6-27B-Q8_0
Write down of Chicago headquarters location attributed to reduction in employee workspace needed as a result of the Bats acquisition. Impairment charge of $6.1 million recorded.
2019-12-31restructuringin_progressUSD 10,700,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progressChicago, IllinoisCorporate / OptionsUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Balance of employee termination benefits as of Sept 30, 2019. Related to redundant positions post-Bats acquisition. No specific headcount disclosed.
2019-09-30restructuringin_progressUSD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition program for employees whose positions were deemed redundant; termination-benefit accrual fell from $6.1M at 2018-12-31 to $1.0M at 2019-06-30 via a $2.7M accrual adjustment and $2.4M of payments. No employee count, charge for the period, or completion date disclosed.
2019-06-30restructuringannouncedCboe Vest (Corporate and Other segment)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Anticipated restructuring of Cboe Vest triggered a goodwill impairment test and a $10.5M impairment charge in Q2 2019; no workforce figures, headcount impact, or timing disclosed.
2019-06-30restructuringin_progressChicagoCorporate / OptionsUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Impairment of facilities charges related to headquarters location classified as held for sale due to reduction in employee workspace needed post-Bats acquisition.
2019-06-30restructuringin_progressCorporate and OtherUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Impairment of goodwill related to Cboe Vest entity due to anticipated restructuring.
2019-06-30restructuringin_progressUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination payments made for redundant positions identified subsequent to Bats acquisition. Balance reduced from $6.1M to $1.0M.
2019-06-30restructuringin_progressUSD -2,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressUnited StatesCorporate / post-Bats integrationUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition employee termination benefits; accrual reduced by $2.3M adjustment and $2.1M payments in Q1 2019, leaving $1.7M balance at 2019-03-31. No employee count disclosed.
2019-03-31restructuringin_progressUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination benefits accrual adjustment of $2.3 million and payments of $2.1 million related to redundant positions from the Bats acquisition. Employee count not disclosed.
2019-03-31restructuringin_progressUSD -2,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31restructuringcompletedUnited StatesCorporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition, the Company determined certain employees' positions were redundant and communicated termination benefits; headcount affected not disclosed. Combined 2018 termination benefits accrual of $15.3M (shared with the VSP record) is not split between the two actions.
2018-12-31voluntary_separationcompleted2018-07United StatesCorporateUSD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Voluntary separation plan established July 2018 for select associates; irrevocable acceptance period has ended. Charge shown is total employee termination benefits accrued during 2018, which also covers positions determined redundant post-Bats; participants not separately counted. Termination benefits balance was $6.1M at 2018-12-31.
2018-12-31voluntary_separationin_progress2018-07GlobalVariousUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
In July 2018, the Company established a voluntary separation plan (VSP) for select associates. Termination benefits accrued totaled $15.3 million. The irrevocable acceptance period for most VSP associates has ended.
2018-12-31voluntary_separationin_progress2018-07GlobalVariousUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation plan established in July 2018 for select associates. Termination benefits accrued of $15.3 million.
2018-12-31restructuringin_progressUSD 15,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-09-30restructuringin_progressUnited StatesCorporate Items and EliminationsUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition redundancy terminations; $11.9M benefits accrued in nine months ended 2018-09-30, $13.5M paid, $3.2M balance at quarter-end. No employee count or completion date disclosed.
2018-09-30restructuringin_progressCorporate Items and EliminationsUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination benefits accrued for redundant positions subsequent to the Bats acquisition. Employee count not disclosed.
2018-09-30restructuringin_progressUSD 11,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressUnited StatesCorporate Items and EliminationsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats merger redundancy terminations; $9.4M accrued in H1 2018, $12.0M paid, $2.2M balance at quarter-end. No employee count disclosed.
2018-06-30restructuringin_progressCorporate Items and EliminationsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination benefits accrued related to redundant positions subsequent to the Bats acquisition. Balance at June 30, 2018 was $2.2 million.
2018-06-30restructuringin_progressUSD 9,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressCorporate Items and EliminationsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination benefits accrued for redundant positions subsequent to the Bats acquisition. Employee count not disclosed.
2018-03-31restructuringin_progressUSD 4,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-31acquisition_additioncompleted2017-02-282017-02-28United States, Europe, GlobalU.S. Equities, European Equities, Global FX, Optionsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger completed February 28, 2017; Bats results consolidated from March 1, 2017. Bats headcount added is not disclosed in the filing.
2017-12-31restructuringin_progress2017-02-28United StatesCorporate / multiple segmentsUSD 24 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-Bats redundancy terminations; $24.3M termination benefits accrued during 2017, $19.9M paid, $4.8M balance at year-end. Employee count affected not disclosed. Charge sits within compensation and benefits expense.
2017-12-31acquisition_additioncompleted2017-11-302017-11-30United StatesOptionsUSD 9 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset acquisition completed November 2017 for $9.0M cash; headcount acquired not disclosed.
2017-12-31restructuringcompleted2017-02-28GlobalVariousUSD 24 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Following the Bats acquisition, certain employees' positions were determined to be redundant. Termination benefits accrued were $24.3 million. Employee count not explicitly disclosed in footnote.
2017-12-31acquisition_additioncompleted2017-02-28GlobalVariousItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Bats Global Markets completed on February 28, 2017. Total headcount increased to 889 as of Dec 31, 2017. Specific headcount added via acquisition not explicitly isolated in text, but implied by total count and geographic breakdowns.
2017-12-31restructuringin_progress2017-02-28GlobalVariousUSD 24 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Termination benefits accrued subsequent to Bats acquisition. Employee count not explicitly disclosed in footnote, only financial accruals.
2017-12-31acquisition_additioncompleted2017-02-282017-02-28GlobalVariousbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Bats Global Markets, Inc. completed. Specific headcount added not explicitly disclosed in the footnote, though total employee count increased to 889.
2017-12-31restructuringin_progressUSD 24,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-09-30restructuringin_progressCorporate Items and EliminationsUSD 21 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition redundancies; $20.7M accrued and $19.7M paid during nine months ended 2017-09-30, leaving $1.4M balance. Headcount not disclosed.
2017-09-30acquisition_additioncompleted2017-02-28United States, EuropeU.S. Equities, European Equities, Global FX, Optionsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Bats merger closed 2017-02-28; headcount added not disclosed in filing.
2017-09-30restructuringin_progress2017-02-28Corporate Items and EliminationsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-Bats acquisition redundancy elimination. $20.7M accrued, $19.7M paid, $1.4M balance as of Sept 30, 2017. Employee count not disclosed.
2017-09-30restructuringin_progressEmployee Severance [Member]USD 20,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-06-30restructuringin_progressUnited StatesCorporate Items and EliminationsUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition, the Company identified redundant positions and communicated termination benefits; $20.3M accrued and $15.2M paid in the six months ended June 30, 2017, leaving a $5.5M balance at quarter-end. Number of employees affected not disclosed.
2017-06-30acquisition_additioncompleted2017-02-282017-02-28United States, EuropeU.S. Equities, European Equities, Global FX, Optionsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed February 28, 2017; Bats became a wholly-owned subsidiary. Headcount added through the acquisition is not quantified in this filing.
2017-06-30restructuringin_progress2017-02-28Corporate Items and EliminationsUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-acquisition redundancy elimination. $20.3M accrued, $15.2M paid, $5.5M balance at June 30, 2017. Employee count not disclosed.
2017-06-30restructuringin_progressEmployee Severance [Member]USD 20,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-03-31restructuringin_progress2017-02-28United StatesCorporate Items and EliminationsUSD 21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-Bats acquisition redundancies; $20.5M accrued, $9.2M paid, $11.7M balance at quarter-end. Completion dates not disclosed due to ongoing integration.
2017-03-31acquisition_additioncompleted2017-02-282017-02-28United States, EuropeU.S. Equities, European Equities, Global FXbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Bats acquisition closed 2017-02-28; headcount added not separately disclosed. $37.4M equity awards issued to Bats employees as part of consideration.
2017-03-31restructuringin_progress2017-02-28GlobalCorporate Items and EliminationsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-acquisition redundancy elimination. Employee count not disclosed; completion date not provided.
2017-03-31restructuringin_progressEmployee Severance [Member]USD 20,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-12-31acquisition_additioncompleted2016-01-31United StatesAsset management (CBOE Vest)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2016 acquisition of a 60% majority interest in Vest, an asset management firm, for $18.9 million cash; headcount added through the acquisition not disclosed.
2016-12-31acquisition_additionannounced2016-09-252017-02-28United StatesExchange operations (Bats Global Markets, Inc.)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger agreement with Bats signed 2016-09-25; stockholder approvals 2017-01-17 and closing expected 2017-02-28. Bats employee headcount not disclosed in this filing.
2016-06-30acquisition_additioncompleted2016-01-01business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired majority equity of Vest Financial Group Inc. in January 2016. Headcount not disclosed.
2016-06-30acquisition_additioncompleted2015-08-07business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired market data services and trading analytics platforms of Livevol, Inc. in August 2015. Headcount not disclosed.
2016-03-31acquisition_additioncompleted2016-01-312016-01-31United StatesAsset management (CBOE Vest)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
CBOE acquired 60% of Vest Financial Group for $18.9M cash, consolidating its operations; employee headcount added was not disclosed.
2015-12-31acquisition_additioncompleted2015-08-072015-08-07United StatesExchange services and other fees (market data services and trading analytics)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the market data services and trading analytics platforms of Livevol, Inc.; purchase price $7.0 million cash plus $3.3 million contingent consideration. Headcount added through the acquisition is not disclosed.
2015-12-31acquisition_additionannounced2016-01-25United StatesInvestment advisory (options-centric products)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Majority equity investment in Vest Financial Group Inc., making Vest a majority-owned subsidiary; announced after fiscal year-end and before the filing date. Headcount not disclosed.
2015-12-31restructuringcompleted2014-12-012015-01-01United StatesRegulatory and Systems SupportUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Transition of regulatory functions to FINRA resulted in headcount reduction and $2.5M accelerated stock-based compensation expense for certain executives. Specific employee count not disclosed.
2015-12-31acquisition_additioncompleted2015-08-072015-08-07United StatesMarket Data ServicesUSD 7 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Livevol, Inc. market data services and trading analytics platforms. Employee count not disclosed.
2015-12-31restructuringcompleted2014-12-012014-12-31United StatesRegulatory and Systems SupportUSD 3 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Transition of certain regulatory functions to FINRA occurred in December 2014, resulting in a headcount reduction of over 100 employees. The filing discloses $2.5 million in severance expense related to this transition in the 2014 period, but the action is noted as a driver for 2015 compensation decreases. The exact employee count affected is stated as 'over 100' in the 2014 comparison section, but no specific count is tied to the 2015 fiscal year activity other than the resulting lower headcount.
2015-09-30acquisition_additioncompleted2015-08-07United StatesMarket data services and trading analyticsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired Livevol market data and trading analytics platforms on 2015-08-07; no employee count disclosed for the acquired workforce.
2015-09-30acquisition_additioncompleted2015-08-07business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Livevol, Inc. market data services and trading analytics platforms. Headcount not disclosed.
2014-12-31restructuringin_progress2014-12-312015-01-01United StatesRegulatory functions (with certain supporting systems staff)USD 2 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement entered in December 2014 (exact day not disclosed) to outsource a majority of regulatory services for the CBOE and C2 options markets to FINRA; filer states a headcount reduction of over 100 employees as regulatory and supporting systems staff transitioned. $1.9M severance recorded in Q4 2014; MD&A also cites $2.4M of higher severance expense for the full year primarily due to this transition. FINRA began performing the services on 2015-01-01; filer expects lower employee costs and higher outside services in 2015.
2014-12-31plant_closurecompleted2014-04-30United StatesCBOE Stock Exchange, LLC (CBSX)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CBSX, a non-SRO stock trading facility of CBOE, ceased trading operations on 2014-04-30; no associated headcount figure or severance charge disclosed. Announcement date not disclosed.
2014-12-31restructuringcompleted2014-12-312014-12-31United StatesRegulatory and Systems SupportUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Headcount reduction of over 100 employees due to transition of regulatory services to FINRA. Severance expense of $2.4 million recorded.
2014-12-31restructuringcompleted2014-12-012015-01-01United StatesRegulatory and Systems SupportUSD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Transition of regulatory services to FINRA resulted in headcount reduction of over 100 employees. Severance expense of $2.4 million recorded in 2014.
2012-12-31reduction_in_forcecompleted302012-09United StatesCorporate / enterprise-wideUSD 2 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Filer announced a reduction in force in September 2012 eliminating 30 positions with $2.1 million of severance charges; total headcount at year-end versus period start remained relatively constant because eliminated roles were mostly replaced by new regulatory staffing.
2012-12-31reduction_in_forcecompleted302012-09USD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
In September 2012, the Company announced a reduction in force which resulted in the elimination of 30 positions and severance charges of $2.1 million.
2012-12-31reduction_in_forcecompleted302012-09USD 2 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced in September 2012; resulted in elimination of 30 positions and severance charges of $2.1 million.
2012-12-31reduction_in_forcecompleted302012-09-01United StatesCorporate — positions eliminated across functions; headcount held roughly flat as eliminated roles were mostly offset by new regulatory hiresUSD 2 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
September 2012 reduction in force eliminating 30 positions with $2.1 million of severance charges; total headcount at year-end remained relatively constant versus the start of the period. Announcement date given only to month precision (September 2012).
2012-09-30restructuringin_progressUnited StatesCorporate / staff functionsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Elimination of staff positions drove higher severance expense ($2.0M in Q3; $3.2M YTD); no employee count, announcement date, or completion date disclosed. MD&A also notes additions of staff, primarily for regulatory functions, mostly offset the eliminated positions, leaving total headcount relatively unchanged versus the start of 2012.
2012-09-30restructuringcompletedStaff positionsUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increase in severance expense of $2.0 million resulting from the elimination of staff positions for the three months ended September 30, 2012.
2012-09-30restructuringcompletedStaff positionsUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increase in severance expense of $3.2 million resulting from the elimination of staff positions for the nine months ended September 30, 2012.
2011-12-31othercompleted1United StatesSenior managementUSD 4 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance expense recorded for a senior executive's departure under his employment agreement; recognized in employee costs in Q4 2011. Count reflects a single executive; no aggregate program disclosed.
2011-12-31restructuringcompleted2011-12-312011-12-31United StatesExecutive ManagementUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Company recorded $3.7 million in severance expense for payments in connection with the departure of a senior executive pursuant to his employment agreement.
2011-12-31othercompleted12011-12-312011-12-31USD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Severance expense for payments in connection with the departure of a senior executive pursuant to employment agreement.
2011-09-30otherannounced12011-11-01United StatesExecutive management (President and Chief Operating Officer)USD 4 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board terminated Edward J. Joyce as President and COO, citing disability under his employment agreement; severance expected to be recorded in Q4 2011 employee costs. Edward T. Tilly appointed President and COO the same day.
2011-09-30otherannounced2011-11-012011-12-31Executive ManagementUSD 4 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Termination of President and COO Edward J. Joyce due to disability; severance expense expected in Q4 2011.
2010-12-31reduction_in_forcecompletedUnited StatesNot specifiedUSD 1 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes part of the $21.7M increase in 2010 employee costs to higher severance expense from targeted staff reductions; the $0.6M is the year-over-year increase in severance expense, not a total program charge. Headcount affected not disclosed.
2010-12-31restructuringcompleted2010-12-312010-12-31United StatesCorporateUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Increased severance expense of $0.6 million from targeted staff reductions.
2010-09-30reduction_in_forcein_progressUnited StatesUSD 1 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense rose $1.0 million year over year due to targeted staff reductions; no headcount affected or timing disclosed.
2010-09-30otherannounced2010-10-022011-01-01United StatesSenior managementUSD 2 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Executive Severance Plan filed with the SEC on 2010-10-02, effective 2011-01-01; about $2.0 million of accelerated stock-based compensation expected in Q4 2010. Charge is non-cash equity acceleration, not severance cash.
2010-09-30restructuringcompletedUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increased severance expense of $1.0 million due to targeted staff reductions for the nine months ended September 30, 2010.
2010-06-30restructuringin_progressMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes part of the employee cost increase to severance expense from targeted staff reductions: $0.4 million for the three months and $1.0 million for the six months ended June 30, 2010. No affected-employee count, announcement date, or completion timing is disclosed.
2010-06-30restructuringcompletedUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increase in severance expense of $0.4 million due to targeted staff reductions for the three months ended June 30, 2010.
2010-06-30restructuringcompletedUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increased severance expense of $1.0 million due to targeted staff reductions for the six months ended June 30, 2010.
2010-03-31layoffin_progressUnited StatesCorporateUSD 1 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes a $0.6 million increase in employee costs to severance from targeted staff reductions; no employee count, announcement date, or completion timing disclosed.
2010-03-31restructuringcompletedUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Increased severance expense of $0.6 million due to targeted staff reductions.