Cboe Wins SEC Approval for Extended Options Hours, Names New Risk Chief as Shares Hit $333.56
Updated
Updated · Simply Wall St · May 30
Cboe Wins SEC Approval for Extended Options Hours, Names New Risk Chief as Shares Hit $333.56
2 articles · Updated · Simply Wall St · May 30
$333.56 Cboe said it won SEC approval to extend trading hours for select multi-listed equity options and plans to appoint Boudewijn Duinstra as chief risk officer.
The longer sessions could reshape when liquidity forms in key options, with potential effects on trading volumes, spreads and Cboe's revenue mix as activity shifts into the new hours.
Duinstra's arrival adds global risk leadership as Cboe expands market access, with investors watching how the exchange handles operational, market and compliance risks under a longer trading day.
Cboe shares are up 34.4% year to date and 47.1% over the past year, leaving the stock about 1% above the $330.43 analyst target as the company pushes business and governance changes.
Cboe is betting on longer hours for growth; can its new risk chief prevent this expansion from becoming its biggest liability?
With exchanges racing towards 24/7 markets, is Wall Street sacrificing stability and fairness for the sake of constant trading?