Cboe Global Markets : Options Exchange Plans to Suspend Open Outcry Trading as a Precautionary Measure

Supplemental Volume Statistics for Cboe Options Exchange

March 12, 2020

Cboe Options Exchange Plans to Suspend Open Outcry Trading as a Precautionary Measure

On March 12, 2020, Cboe announced that it will temporarily close its Cboe Options Exchange (C1) trading floor at the close of business on Friday, March 13, 2020 as a precautionary measure in light of the novel coronavirus (COVID-19)

Trading on C1 will continue to be available in an electronic-only trading mode until further notice

Below is selected information on the percentage of contracts traded electronically at C1

Contracts Traded on	Percent of Contracts Traded
Cboe Options Exchange		Electronically
		2020 YTD through
	2019	March 11, 2020
SPX Options (SPX & SPXW)	44%	48%
VIX Options	47%	51%
Cboe Options Exchange excluding VIX and SPX	89%	88%
Cboe Options Exchange total volume traded	72%	73%

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(in thousands)

(in thousands)

Cboe's Proprietary Index Suite Provides a "Toolbox"

of Products for Index Customers

Cboe's suite of SPX and VIX index products provide customers with cutting-edge tools to manage risk, particularly in times of extreme market volatility

Customers are more sophisticated than ever before on how to access our markets and deploy these tools to express their market views, gain exposure and hedge risk

Quarterly ADV for Index Options and VIX Futures

2,877							2,919
334	2,077	2,187	2,284	1,973	345
660	229	255	279	751
228
			557
			515	530	409
1,787	1,252	1,272	1,324	1,213	1,657
4Q18	1Q19	2Q19	3Q19	4Q19	1Q20 TD¹
		SPX Options				VIX Options
		Other Index Options			VIX Futures

Annual ADV for Index Options and VIX Futures

									2,919
			1,959	2,271	2,526	2,131	345
1,825	294	295		248	751
239	667
205
722		503
573	588
					1,657
939	1,024	1,164	1,479	1,266
2015	2016	2017	2018	2019	2020 TD¹
		SPX Options					VIX Options
		Other Index Options				VIX Futures

¹1Q20 TD and 2020 TD through March 11, 2020

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Cautionary Statements Regarding

Forward-Looking Information

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: changes to trading behavior due to the temporary suspension of open outcry trading in response to the novel coronavirus (COVID-19); the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indexes and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel; our ability to accommodate trading volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2019 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

This presentation includes market share, financials and industry data that we obtained from industry publications and surveys, reports of governmental agencies, third-parties and internal company surveys. Industry publications and surveys generally state that the information they contain has been obtained from sources believed to be reliable, but we cannot assure you that this information is accurate or complete. We have not independently verified any of the data and financials from third-party sources nor have we ascertained the underlying economic assumptions relied upon therein. Statements as to our market position are based on the most currently available market data. While we are not aware of any misstatements regarding industry data and financials presented herein, our estimates involve risks and uncertainties and are subject to change based on various factors.

Trademarks:Cboe®, Cboe Volatility Index®, VIX® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

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