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News Release For Immediate Release, Page 1 of 2 @Cboe | /Cboe | /Company/Cboe | Cboe.com Cboe FX Reports Record Market Share in October Reports 14.5% market share, up from its previous record of 13.6% set in December 2013 Increased volume and activity from European and Asian trading sessions helps set new record Cboe FX London matching engine now handling over 15% of total Cboe FX volume Overall Cboe FX October average daily volume (ADV) was $32.0 billion NEW YORK and LONDON – November 16, 2017 Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced its foreign exchange (FX) market, Cboe FX, reported record market share of 14.5% in October, surpassing its previous record of 13.6% set in December 2013 1 . Year-over-year, Cboe FX ADV increased 26.7% to $32.0 billion in October. The record performance was driven by a number of factors, including increased volumes from European and Asian customers as the company continues to enhance its offering and expand its customer base around the globe. Cboe FX’s London matching engine, launched in September 2015 to better serve the London and Asian markets and the specific FX currency pairs that dominate the European and Asian trading hours, has nearly doubled its volume this year with ADV traded in October exceeding $4.8 billion, its second-best month on record. The London matching engine now accounts for more than 15% of Cboe FX volume, up from 8% in the fourth quarter of 2016. Growth in Cboe FX’s Asian trading session has increased 30% year-on-year. Additionally, volume in CNH (Chinese renminbi) exceeded 2.25% of volume on Cboe FX in October, a new record. Cboe FX’s Asian trading session is on pace for its highest annual ADV, with year-to-date ADV standing at $4.6 billion. Bryan Harkins, Head of U.S. Equities and Global FX at Cboe, said: “Our record month in October was really a testament to the efforts we’re putting forth to meet the needs of our expanding customer base across Europe and Asia. Our growing market share is an indication that customers are beginning to see the benefits of our investment in analytics and liquidity management, and we plan to continue to proactively partner with them to improve their trading experience.” Cboe FX is coupling quantitative metrics with qualitative FX knowledge to proactively increase matches on the platform. Using a proprietary suite of analytics, the Cboe FX team works with clients to construct pools of liquidity to help fulfill client-driven execution goals. Cboe FX’s dedicated liquidity team is in contact with clients to gather feedback as to how their curated liquidity can be further optimized. 1 Market share represents Cboe FX spot volume divided by the total volume of publicly reporting spot FX venues (Cboe FX, NEX, Reuters/FXall, and FastMatch). Effective May 2016, NEX volume included FX products beyond spot, impacting market share and historical performance comparisons.

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Page 1: Cboe FX Reports Record Market Share in Octoberir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2017/cboe-fx... · Cboe FX Reports Record Market Share in October ... world’s

News Release For Immediate Release, Page 1 of 2

@Cboe | /Cboe | /Company/Cboe | Cboe.com

Cboe FX Reports Record Market Share in October Reports 14.5% market share, up from its previous record of 13.6% set in December 2013

Increased volume and activity from European and Asian trading sessions helps set new record

Cboe FX London matching engine now handling over 15% of total Cboe FX volume

Overall Cboe FX October average daily volume (ADV) was $32.0 billion

NEW YORK and LONDON – November 16, 2017 – Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the

world’s largest exchange holding companies, today announced its foreign exchange (FX) market, Cboe FX, reported record

market share of 14.5% in October, surpassing its previous record of 13.6% set in December 20131. Year-over-year, Cboe FX

ADV increased 26.7% to $32.0 billion in October.

The record performance was driven by a number of factors, including increased volumes from European and Asian

customers as the company continues to enhance its offering and expand its customer base around the globe. Cboe FX’s

London matching engine, launched in September 2015 to better serve the London and Asian markets and the specific FX

currency pairs that dominate the European and Asian trading hours, has nearly doubled its volume this year with ADV

traded in October exceeding $4.8 billion, its second-best month on record. The London matching engine now accounts for

more than 15% of Cboe FX volume, up from 8% in the fourth quarter of 2016.

Growth in Cboe FX’s Asian trading session has increased 30% year-on-year. Additionally, volume in CNH (Chinese renminbi)

exceeded 2.25% of volume on Cboe FX in October, a new record. Cboe FX’s Asian trading session is on pace for its highest

annual ADV, with year-to-date ADV standing at $4.6 billion.

Bryan Harkins, Head of U.S. Equities and Global FX at Cboe, said: “Our record month in October was really a testament to

the efforts we’re putting forth to meet the needs of our expanding customer base across Europe and Asia. Our growing

market share is an indication that customers are beginning to see the benefits of our investment in analytics and liquidity

management, and we plan to continue to proactively partner with them to improve their trading experience.”

Cboe FX is coupling quantitative metrics with qualitative FX knowledge to proactively increase matches on the platform.

Using a proprietary suite of analytics, the Cboe FX team works with clients to construct pools of liquidity to help fulfill

client-driven execution goals. Cboe FX’s dedicated liquidity team is in contact with clients to gather feedback as to how

their curated liquidity can be further optimized.

1 Market share represents Cboe FX spot volume divided by the total volume of publicly reporting spot FX venues (Cboe FX, NEX,

Reuters/FXall, and FastMatch). Effective May 2016, NEX volume included FX products beyond spot, impacting market share and historical

performance comparisons.

Page 2: Cboe FX Reports Record Market Share in Octoberir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2017/cboe-fx... · Cboe FX Reports Record Market Share in October ... world’s

News Release For Immediate Release, Page 2 of 2

@Cboe | /Cboe | /Company/Cboe | Cboe.com

About Cboe Global Markets, Inc.

Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) is one of the world’s largest exchange holding companies, offering

cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless

innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the

customer experience.

Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures,

U.S. and European equities, exchange-traded products (ETPs), global FX and multi-asset volatility products based on the

Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.

Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in

Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally

for ETP trading.

The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong

Kong and Quito, Ecuador. For more information, visit www.cboe.com.

Media Contacts Analyst Contact

Stacie Fleming Hannah Randall Suzanne Cosgrove Debbie Koopman +44-20-7012-8950 +1-646-856-8809 +1-312-786-7123 +1-312-786-7136

[email protected] [email protected] [email protected] [email protected] CBOE-FX

CBOE-OE

Cboe®, VIX® and Cboe Volatility Index® are registered trademarks and Cboe Global MarketsSM is a service mark of Cboe Exchange, Inc. All other trademarks

and service marks are the property of their respective owners.