Cboe Global Markets: This exchange operator profits from investor nervousness

Cboe Global Markets operates exchanges and trading platforms for options, futures, stocks, and foreign currencies. The company holds a special position in options on the S&P 500 and in products linked to the Volatility Index VIX, which allow investors to trade price fluctuations or hedge portfolios. Cboe primarily earns money from trading and clearing fees, as well as from market data and access to its infrastructure. This positions the exchange operator as a benefactor of growing trading activity, even when stock markets are falling. Structural...