Cboe Global Markets to Wind Down Japanese Equities Operations

Cboe Global Markets has announced its decision to discontinue its Japanese equities operations, including the Cboe Japan proprietary trading system and the Cboe BIDS Japan block trading platform, with operations set to suspend on August 29, 2025. This move is part of Cboe’s strategy to allocate resources more effectively towards areas with higher potential returns for shareholders, amidst changing business conditions that have made the Japanese equities business financially unsustainable.

Craig Donohue, CEO of Cboe Global Markets, emphasized the company’s ongoing commitment to Japan through its global derivatives and data services, highlighting the demand among Japanese market participants for international market access. The closure is expected to have a negligible effect on Cboe’s 2025 financial projections, with anticipated adjusted expense savings of $2 million to $4 million in 2025, and $10 million to $12 million annually thereafter.

Further details regarding the wind-down will be discussed during Cboe’s second-quarter 2025 earnings call on August 1, 2025. The call will be accessible via a live audio webcast on the Investor Relations section of Cboe’s website at https://ir.cboe.com under Events.

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