Cboe Global Markets to Wind Down Japanese Equities Operations

Cboe Global Markets, a premier derivatives and securities exchange network, has decided to discontinue its Japanese equities operations, including the Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform, with operations set to suspend on August 29, 2025. This strategic move is part of Cboe's effort to allocate resources more effectively towards areas with higher potential returns for shareholders, amidst changing business dynamics that have impacted the viability of its equities business in Japan.

Craig Donohue, CEO of Cboe Global Markets, emphasized the company's ongoing dedication to Japan, highlighting its global derivatives and data services as key offerings to meet the needs of Japanese market participants seeking 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 and its financial implications will be discussed during Cboe's second-quarter 2025 earnings call on August 1, 2025. The call will be accessible via a live webcast on the Investor Relations section of Cboe's website at https://ir.cboe.com under Events. This decision underscores Cboe's strategic pivot towards more lucrative segments of its global operations, while continuing to support the Japanese financial community through its robust derivatives and data solutions.