Cboe reports strong Q2 but misses target for data and access business
On its Q2 results call, Cboe detailed plans to increase 2024 revenue for its non-transaction business amid growth numbers that fell short of the company's stated expectations.
Despite posting record quarterly results of $974 million overall, revenue for equities and derivatives exchange operator Cboe’s data and access solutions business fell short of the exchange’s expectations in the second quarter of 2024.
The business line, which includes sales of market data, analytics, indices, order entry systems, and execution platforms, was projected to grow by 7 to 10% compared to $135.3 million in Q2 last year. Instead, it grew 5% to $142.1 million in Q2, falling short of
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