Cboe Global Markets Inc.

**Strong Financial Performance:** Cboe Global Markets reported a record net revenue of $532 million for the third quarter, an 11% year-over-year increase, with adjusted diluted earnings per share rising 8% to a record $2.22. This growth was largely attributed to strong volumes in their Derivatives business, particularly proprietary index options and futures, alongside solid performance in Cash and Spot Markets.

**Optimistic Outlook for 2024:** The company raised its full-year organic net revenue growth guidance to 7%-9%, up from the previous range of 6%-8%. This optimistic outlook reflects robust year-to-date results and anticipated favorable market conditions. Cboe's Data and Access Solutions (D&A) revenue is expected to benefit from continued strength, especially in international sales.

**Strategic Focus on Organic Growth:** The management emphasized a shift towards organic growth strategies after previously focusing on mergers and acquisitions. Investments will be directed towards enhancing existing franchises in Derivatives and D&A, leveraging technology for innovation, and educating retail investors about options.