CBOE Holdings Releases Q4 2014 Metrics, Revenues Surge 17% YoY

The Chicago Board Options Exchange (CBOE) Holdings, a primary operator of the US stock options market, has released its Q4 operating metrics, which showed a 17% QoQ jump in revenue.

CBOE Holdings recently posted its December 2014 metrics, which also experienced a robust growth MoM as well as record highs. During Q4, CBOE reported GAAP net income allocated to common stockholders of $49.1 million in Q4 2014, compared to $45.6 million in Q4 2013 (7.7% YoY).

In terms of operating revenue Q4 2014, CBOE yielded $166.5 million, corresponding to a rise of 17% YoY from $141.8 million in Q4 2013.

According to Edward T. Tilly, CBOE Holdings Chief Executive Officer, in a recent statement on the metrics, “We are pleased to report that fourth-quarter trading across all product lines led to a new annual record for total options and futures traded at CBOE Holdings. Record trading in our premium proprietary products, S&P 500 Index options and CBOE Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term Index futures and options, helped fuel our fourth consecutive year of record revenue and earnings.”

“We have carried that positive momentum into the new year, and our entire team is committed to executing on our initiatives to engage customers, develop products and broaden access to our marketplace. I am confident in our ability to continue to drive sustainable profitable growth and to enable CBOE Holdings to deliver value for our shareholders and our customers,” he added.

"We were extremely pleased with our results for the fourth quarter and year. Adjusted diluted earnings per share for the quarter grew 23 percent over 2013's fourth quarter, outpacing our strong top-line growth of 17 percent. We have a business model that generates significant cash flow and our strong financial results allowed us to return more capital to our shareholders in 2014, through dividend Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term of nearly $111 million and share repurchases of $177 million,” noted Alan J. Dean, CBOE Holdings Executive Vice President and Chief Financial Officer.

CBOE Rolls out New Trading Hour Schedule

The CBOE also announced its expanded trading hours for both its Volatility Index options and S&P 500 Index (SPX) options, which in total will augment the schedule by more than six hours of additional trading five days a week – this is slated to take effect March 2, with the extension for the SPX options targeting a March 9^th start date.

“Following the successful rollout of extended trading hours for VIX futures, we look forward to expanding trading for both SPX and VIX options by more than six hours a day,” CBOE Holdings CEO, Edward T. Tilly said. “Overseas investors continue to embrace SPX and VIX options as a means to efficiently gain exposure to the U.S. market and equity market volatility, respectively. We’re pleased to provide a growing worldwide customer base with greater access for trading these key products,” added Mr. Tilly.