How this company measures up on the fundamentals that matter
Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers cutting-edge trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, as well as on the stocks of individual corporations and on trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific (ETPs), such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs); and trading in listed options through a single system. The North American Equities segment comprising U.S. equities and ETP transaction services. This segment also includes listing services on Cboe Canada, ETP listings on BZX, the Cboe Global Markets, Inc. common stock listing, and applicable market data. The Europe and Asia Pacific segment provides pan-European derivatives transaction services, ETPs, including exchange traded funds, exchange traded notes, and exchange traded commodities, and international depository receipts; and ETP listings business on regulated markets and clearing activities, as well as the equities services. The Futures segment offers transaction services, which includes trading of VIX futures and other futures products, the licensing of proprietary market data, as well as access and capacity services. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transactions services. It has strategic relationships with S&P Dow Jones Indices, LLC; Frank Russell Company; and FTSE International Limited. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.
Five compliance checks based on AAOIFI standards — all must pass for ethical clearance
Trading at $349, 21% above fair value of $288. Strong competitive moat. Fails ethical screen (Business activity screen). Ranks better than 18% of screened stocks.
Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data
Trading characteristics and market positioning
Balance sheet strength and cash generation — the foundation of long-term value
SEC Form 4 filings — what company insiders are buying and selling
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-18 | FROETSCHER JANET P | Director | 1,223 | $437,944 | |
| 2026-05-14 | GOODMAN JILL R | Director | 530 | — | |
| 2026-05-14 | MCPEEK JENNIFER J | Director | 530 | — | |
| 2026-05-14 | FITZPATRICK EDWARD J | Director | 530 | — | |
| 2026-05-14 | FROETSCHER JANET P | Director | 530 | — | |
| 2026-05-14 | MANSFIELD ERIN | Director | 530 | — | |
| 2026-05-14 | MAO CECILIA H. | Director | 530 | — | |
| 2026-02-23 | WILKINSON ALLEN | Officer | 248 | $72,612 | |
| 2026-02-19 | DONOHUE CRAIG STEVEN | Chief Executive Officer | 4,683 | $1,340,134 | |
| 2026-02-19 | TOMCZYK FREDRIC J. | Director | 10,965 | $3,137,854 |
Data sourced from public filings and market feeds. Not financial advice. Updated: