Cboe Global Markets to Wind Down Japanese Equities Operations
Cboe Global Markets announces the closure of its Japanese equities business, focusing on more profitable opportunities and maintaining its commitment to Japan through derivatives and data services.
Cboe Global Markets has decided to discontinue its Japanese equities operations, including the Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform, with operations expected to suspend by August 29, 2025. This move aligns with Cboe's strategy to allocate resources towards higher-return opportunities 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, highlighting its global derivatives and data services as key areas for future engagement. The closure is projected to have a minimal impact on Cboe's 2025 revenue growth and operating expenses, with anticipated savings of $2 million to $4 million in 2025 and $10 million to $12 million annually thereafter. Further details will be shared during Cboe's second-quarter 2025 earnings call on August 1, 2025, accessible via a live webcast on the company's Investor Relations page.