Cboe Global Markets Plans to Reopen Chicago Trading Floor on Monday, June 8, 2020

CHICAGO, May 26, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today announced it plans to reopen its Cboe Options Exchange (C1) trading floor in Chicago and resume trading operations on the floor in a modified manner on Monday, June 8, 2020.  

Trading on C1, Cboe's hybrid open outcry and electronic exchange, has been available in an electronic-only trading mode since March 16, 2020. The C1 floor reopening plan is designed to accommodate open outcry trading activity, while prioritizing the safety and well-being of the trading floor community, which includes Cboe associates and trading permit holders (TPHs). Upon reopening, the floor will operate under rigorous precautionary measures to limit exposure to the novel coronavirus (COVID-19).

Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, said: "A global community of market participants finds tremendous value in our hybrid model, which has always provided best-in-class liquidity and access through open-outcry and electronic trading mechanisms. Since the temporary closure of our floor, the Cboe team has worked tirelessly to provide electronic solutions to replicate the benefits of floor trading. As a result, our markets continued to function well and allowed investors to express their views and manage risk throughout this period of extreme market conditions. Still, customers have awaited a return to hybrid trading at Cboe and all of the unique benefits it provides. We look forward to satisfying that demand and welcoming back our trading floor community."

Following close consultation with an infectious disease expert, Cboe has developed and will implement extensive health and safety protocols, which currently include, but are not limited to: reconfiguring the trading floor layout to allow for social distancing and capacity limits, the wearing of face coverings, enhancing daily cleaning and sanitizing procedures, conducting medical screenings at entry points of the building, and restricting trading floor access only to trading floor personnel who the TPH organization has notified Cboe of in advance. All individuals on the Cboe trading floor will also be required to comply with new standards of conduct related to COVID-19. Given the safety protocols in place, Cboe expects approximately 50% of the trading floor participants to return on June 8 to the newly reconfigured and larger trading space.

While Cboe's Chicago trading floor in the 400 South LaSalle Street building will reopen, the Cboe office in Chicago, along with the company's other locations across the globe, remain closed.  All Cboe staff, with the exception of a limited number of essential personnel, is continuing to work remotely. Cboe is closely monitoring developments around COVID-19 and guidance provided by governmental and public health agencies. 

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: 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 defining markets to benefit its participants and drive the global marketplace forward through product innovation, leading edge technology and seamless trading solutions.

The company 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 foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world's premier gauge of U.S. equity market volatility.

Cboe's subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe and is a leading market globally for ETP listings and trading. 

The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.

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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.

Cautionary Statements Regarding Forward-Looking Information
This press release 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: the impact of the novel coronavirus ("COVID-19") pandemic, including changes to trading behavior broadly in the market as well as due to the temporary suspension of open outcry trading in response to 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.

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.

SOURCE Cboe Global Markets, Inc.

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