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What's Driving Record Growth At Cboe Global Markets?

Benzinga

By Cboe Cboe Global Markets, Inc. (BATS: CBOE), a leading derivatives and securities exchange network, recently announced its Q1 2024 results. The firm said it delivered record quarterly net revenue and strong adjusted earnings over the quarter, led by the strength of its Derivatives and Data and Access Solutions business lines. First Quarter 2024: A Snapshot Of Performance Cboe’s net revenue for Q1 2024 was $502.1 million, a 7% increase compared to $471.4 million in the prior-year period. Earnings per share (EPS) at $2.15 for the quarter beat analysts’ consensus estimates of $2.04 by $0.11. The firm’s Options, Europe and Asia Pacific business segments strongly contributed to topline performance, each garnering 10% year-over-year growth, with net revenues of $307.4 million and $54.1 million, respectively. The company’s volatility products suite is continuing the growth in Q2, with VIX options volume rising to a six-year high in April. The strong performance of the Options business segment can be attributed to the growing demand for hedging products amid shifts in market volatility. The rise of geopolitical risk and macroeconomic uncertainties likely led investors and portfolio managers to hedge their positions. Fredric Tomczyk, Chief Executive Officer at Cboe Global Markets, stated on the Q1 2024 earnings call, “Given the secular and cyclical tailwinds in place, we are well positioned as investors continue to utilize options in their portfolio and trading strategies.” Exceptional Performance In April Cboe’s performance continued in April 2024. The latest trading volume statistics, spanning multiple business lines and global regions, underscore Cboe’s pivotal role in the financial markets. Cboe's Average Daily Trading Volume (ADV) for multiply-listed options reached 10.223 million contracts in April 2024, marking a 4.2% increase from April 2023. While there was a slight dip of 3.3% from March 2024, the year-to-date performance remains strong. Notably, index options saw a 23.9% year-over-year growth with an ADV of 4.347 million contracts. This substantial rise may reflect Cboe's adeptness at capturing market dynamics and investor interest in complex derivative products. Futures trading also experienced a significant increase, with a 66.2% increase from April 2023, amounting to an ADV of 309,000 contracts. This performance was further highlighted by a 42.5% increase from the previous month, demonstrating Cboe's important role in futures markets. Cboe’s Global Expansion Cboe's international markets continued to thrive, particularly in Japan, where the platform achieved a new lit market share record of 5.4% for the second consecutive month. This achievement underscores Cboe Japan's growing influence and market penetration. In the foreign exchange (FX) domain, Cboe reported a global spot ADNV of $51.307 billion, a 26.4% increase from April 2023. This increase includes a record-setting $15.1 billion in Spot Full Amount ADNV, cementing Cboe's status as a leading player in the FX market. Cboe's performance in global equities was also impressive. Canadian equities showed a notable 16.1% year-over-year growth in matched shares, reaching 157,295,000, highlighting Cboe's expanding footprint in North America. European equities also displayed resilience, with a modest 0.9% increase in matched shares amounting to €10.503 million. Cboe’s 2024 Fiscal Year Guidance Cboe’s 2024 full-year guidance put its total organic net revenue growth rate at the higher end of 5-7%. The firm reaffirmed that organic net revenue from Data and Access Solutions is expected to increase by approximately 7-10% points in 2024. Regarding expenditures, Cboe lowered its full-year 2024 adjusted operating expense guidance range to $795 million to $805 million from $798 million to $808 million. From derivatives to equities and FX, Cboe continues to set records and expand its influence, cementing its role as a critical infrastructure provider in the global financial system. As market dynamics evolve, Cboe says its strong performance and strategic initiatives position it for sustained growth and continued leadership in the industry. Featured photo by Khakimullin Aleksandr on Shutterstock Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 24, 2024 08:45 AM Eastern Daylight Time

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News Release

New Online Casino Site Instant Casino Partners with Italian Serie A Team Juventus

Finance News

Iconic Italian football club Juventus has announced top online gaming site Instant Casino will be its new regional partner in Europe. The agreement promises a wide range of entertainment opportunities and exclusive rewards for both Juventus fans and Instant Casino players. Alexandre Zodmi, Juventus Head of Partnerships Development and Academies, commented on the new partnership: “We are delighted to welcome Instant Casino to the Juventus family. Instant Casino shares our commitment to excellence and innovation, and we are confident that together, we will create unforgettable experiences for our fans.” Juventus & Instant Casino Sign Landmark Partnership The partnership between Juventus and Instant Casino aims to deliver an unforgettable chapter in sports entertainment. Despite being a relatively new brand, Instant Casino has quickly made a name for itself in the online gaming market, thanks to its instant payouts. The partnership aims to increase its brand visibility to a whole other level, making Instant Casino one of the most prominent new players into the iGaming industry. As per the agreement, Instant Casino will become an integral part of the Juventus ecosystem. For instance, the LED system at Allianz Stadium will feature the Instant Casino logo, accompanied by a range of exciting promotions. Moreover, the platform will offer opportunities for fans to win official jerseys and tickets to Juventus games. “We are honoured and excited to partner with the iconic Italian club Juventus”, said Greg Turner, the head of PR at Instant Casino. “We are looking forward to starting to work with Juventus, which has a rich history and has won countless trophies both domestically and in Europe. At Instant Casino, we will continue to disrupt the market with our simplified casino product, while also offering our players the fastest experience in the business” Website: Instant Casino X: https://twitter.com/_InstantCasino Telegram: https://t.me/Instant_Casino Contact Details PR News Group Alex Brown alex@prnewsgroup.com

May 24, 2024 08:37 AM Eastern Daylight Time

Two-Thirds Of Top 20 Pharmaceutical Companies Have Prohibited AI – Brand Engagement Network Aims To Change That Perception With Its Solutions

Benzinga

By Faith Ashmore, Benzinga According to a recent survey conducted by ZoomRx involving 200 professionals in the life sciences industry, over 50% of the respondents indicated that their respective companies had implemented a ban on the usage of ChatGPT, a popular generative artificial intelligence tool developed by OpenAI. Interestingly, around 65% of the largest 20 pharmaceutical companies have prohibited the tool's usage. Participants in the survey stated that the reason for this policy was mostly associated with concerns that confidential company information could be accidentally exposed to rival organizations. It is understandable that some companies may be struggling with implementing new technology, especially in an industry where confidentiality is paramount. There have even been leaks associated with OpenAI that raise concerns for companies looking to adopt new technology but are still wary of execution. Some have even called artificial intelligence (AI) “overrated.” And while ChaptGPT may be one of the bigger names in the burgeoning field of AI, that doesn’t make it the best – there are companies offering AI that could meet the needs and allay the concerns of such healthcare companies. Simply put, not all AI platforms are created equal. The AI Company That Is Bringing Security And Assurance To The Industry Brand Engagement Network (NASDAQ: BNAI) (BEN), an AI company that is cementing its place against big tech giants, is working to secure a firm foothold in the AI space. The company has spent the past several years acquiring patents to enhance sound and image processing, sensor data and AI perception and understanding. The company released its AI/3D avatar prototype in 2020, showcasing BEN's ability to blend cutting-edge technology with immersive user experiences. BEN says its AI has distinguished itself from competitors through 16+ perception, understanding and response AI modules that facilitate a truly human-like interaction in the ways it can listen, see, speak and react. BEN retains a laser focus on offering the right solution to healthcare companies and has been making progress. The company recently partnered with MedAdvisor Solutions, a global leader of pharmacy-driven patient engagement solutions, to bring BEN’s AI assistants to certain pharmacies to help enhance patient outcomes. BEN’s AI Assistant technology will be a part of MedAdvisor Solutions’ Medication Advisor product, offering its vast pharmacy network configurable, easy-to-deploy and effective AI technology. BEN's success hinges on its lineup of conversational AI applications that facilitate superior customer experience, higher levels of automation and enhanced operational efficiency. This has been made possible by leveraging highly sophisticated proprietary large language models. These models, based on updated training and fine tuning of open-sourced large language models, are the product of extensive research and development by renowned AI thought leaders as well as advanced security methodologies. BEN’s AI assistants are walled gardens for each business, meaning they learn and are trained on what the business specifies they learn and train on and the benefits are contained to that individual instance. It truly is the businesses’ AI. BEN’s full-stack solutions can be ring-fenced and operate without access to 3rd party systems or without an external Internet connection for companies where maximum data security and compliance are a must. BEN says it is committed to weaving mutually beneficial relationships with businesses that have complementary capabilities and networks to deliver tangible outcomes that foster growth and success. By utilizing a proprietary model designed specifically for their needs, BEN ensures that their client's sensitive data is secure and safeguarded more effectively than if they were to opt for less protective AI programs. While there are still companies that are nervous about adopting new technology, it is unlikely that the industry is going away; the global AI in healthcare market size was valued at $20.9 billion in 2024 and is expected to reach $148.4 billion by 2029 at a CAGR of 48.1%. For companies that are hesitant, platforms like BEN may offer the security and reassurance that is needed to adapt to newer technology. Featured photo by National Cancer Institute on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 24, 2024 08:30 AM Eastern Daylight Time

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News Release

Quarktwin Electronics Unveils Revolutionary Innovations in Consumer Technology

Rev Up Marketers

Quarktwin Electronics, a leading figure in consumer technology, announces a series of groundbreaking innovations poised to redefine the industry. With an unwavering commitment to technological advancement, Quarktwin Electronics introduces new products and advancements set to elevate user experiences worldwide. Introducing the Quarktwin QuantumChip Processor Central to Quarktwin Electronics’ latest offerings is the groundbreaking QuantumChip processor. Harnessing the power of quantum computing, the QuantumChip processor significantly boosts computational speeds while reducing energy consumption. This cutting-edge technology promises unparalleled performance for personal and professional computing needs, establishing a new industry standard. Launch of the Quarktwin Infinity Smartphone Series Expanding upon its tradition of innovation, Quarktwin Electronics proudly presents the Quarktwin Infinity Smartphone Series. These smartphones integrate the QuantumChip processor, delivering rapid processing capabilities, advanced AI functionalities, and extended battery life. The Infinity series features an impressive edge-to-edge OLED display and an advanced camera system, making it the ultimate device for work and leisure. Expanding the Smart Home Ecosystem Quarktwin Electronics is further expanding its smart home ecosystem with the introduction of Quarktwin HomeHub. This comprehensive smart home controller seamlessly integrates with existing devices, offering enhanced security, energy management, and home automation. With intuitive voice control and AI-driven insights, Quarktwin HomeHub aims to streamline and enhance modern living. Commitment to Sustainability In addition to technological breakthroughs, Quarktwin Electronics reaffirms its commitment to sustainability. The company strives to minimize its carbon footprint by employing eco-friendly materials and implementing energy-efficient manufacturing processes. The new product line reflects this dedication, with packaging crafted from 100% recycled materials and devices engineered for longevity and recyclability. About Quarktwin Electronics Quarktwin Electronics stands as a global leader in consumer electronics, renowned for its innovative spirit and cutting-edge products. Established in 2010, the company consistently pushes technological boundaries, delivering high-quality, user-centric solutions to a global clientele. With a steadfast focus on innovation, sustainability, and customer satisfaction, Quarktwin Electronics continues to shape the landscape of consumer technology. Contact Details Quarktwin Ellen Zhang info@quarktwin.com Company Website https://www.quarktwin.com/

May 24, 2024 04:09 AM Eastern Daylight Time

Government Warns Families to Stock Up on At Least Three Days of Food

ReadyWise

ReadyWise, a leader in emergency preparedness, is here to help households prepare for what's coming. Oliver Dowden recently urged families to stockpile at least three days' worth of food and water to build national resilience. Dowden highlighted the global fears of prolonged power cuts, cyber-attacks, and floods, emphasizing the critical necessity of preparedness. He noted, "But as we have been increasing our defenses, the threats we face have been proliferating. Geopolitical tensions have risen to heights not seen for decades… climate change has compounded the risk from natural disasters…" The time to prepare is now, and ReadyWise is here to help families face these potential crises. Americans can prepare at great prices during ReadyWise’s Memorial Day Sale with up to 60% off emergency food supplies. A featured item on sale is the convenient 14-Day Bucket, which contains two weeks' worth of food in one easy-to-store and grab-and-go container. This Memorial Day, we reflect on the sacrifices made by true heroes – the brave men and women who committed their lives to service for a better future. ReadyWise expresses deep gratitude to all those who have served. As a special thanks, ReadyWise is offering active-duty military members, veterans, and their dependents an extra 10% off during this time. Use code REMEMBER10 at checkout. Brandon Eriksson, spokesperson for ReadyWise, said, "We hope families can take advantage of this offer and have better access to emergency preparedness products. Our goal remains that everyone has the resources they need to stay safe and prepared." The Memorial Day Sale ends on 5/27/24. To learn more, visit readywise.com. About ReadyWise: ReadyWise, based in Salt Lake City, UT, is a leading provider of high-quality emergency food supplies. Committed to ensuring that families and individuals are prepared for any crisis, ReadyWise offers a wide range of freeze-dried meals designed to sustain and comfort in times of need. With a focus on convenience and long-term storage, ReadyWise products are trusted by preppers, outdoor enthusiasts, and anyone looking to secure their food supply for unforeseen emergencies. Learn more at www.readywise.com. Contact Details ReadyWise Amalie Jorgensen ajorgensen@readywise.com Company Website https://readywise.com/

May 23, 2024 04:49 PM Eastern Daylight Time

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News Release

Avenix Fzco Introduces New Expert Advisor Pivozon for Enhanced Forex Trading on EURUSD

Rev Up Marketers

Avenix Fzco is thrilled to announce the launch of its latest innovation, the Pivozon Expert Advisor (EA), a sophisticated forex robot specifically designed for the EURUSD currency pair on the D1 timeframe. This new tool leverages advanced technical indicators and robust risk management systems to provide precision and reliability in Forex trading. Pivozon EA sets a new standard in the Forex trading world by utilizing a strategic design that focuses on trend reversals. The EA is engineered to maximize accuracy and profitability, ensuring traders can make informed decisions based on reliable data. With a keen emphasis on safety and risk management, Pivozon EA avoids risky strategies, opting instead for fixed lot sizes, Take Profit, and Stop Loss orders to safeguard traders' investments. One of the standout features of Pivozon EA is its use of trailing stops and break-even functions. These features automatically adjust the stop loss to secure profits as the market moves in the trader's favor and shift the stop loss to the entry point once a predefined profit level is achieved. This dynamic approach to risk management allows traders to lock in gains while minimizing potential losses. Pivozon EA is designed with both novice and experienced traders in mind. Its user-friendly interface and straightforward setup make it accessible to those new to Forex trading, while its advanced features and strategic insights appeal to seasoned traders looking for a reliable tool to enhance their trading strategies. The EA operates seamlessly on the MT4 and MT5 platforms, with regular updates ensuring it adapts to ever-changing market conditions. Avenix Fzco is committed to continuous improvement, regularly updating the EA to incorporate the latest advancements in trading technology. This dedication to innovation ensures that users always have access to the most effective trading strategies and tools. For more information about Pivozon EA and to start enhancing your trading experience, visit Pivozon. About Avenix Fzco: Avenix Fzco is a leading provider of Forex trading solutions, specializing in the development of expert advisors and trading tools that empower traders to achieve greater precision and profitability. With a focus on innovation and user-friendly design, Avenix Fzco is dedicated to helping traders succeed in the dynamic world of Forex trading. Contact Details Avenix Fzco Robert Swanton support@pivozon.com Company Website https://pivozon.com

May 23, 2024 03:16 PM Eastern Daylight Time

Catalyst Marketing Agency Wins Prestigious Awards for Creative Brand Campaign

Catalyst Marketing Agency

Catalyst, a leading global marketing agency headquartered in Denver, Colorado, wins multiple awards for the high-performing brand campaign they created for Streamlabs, a division of Logitech. These accolades highlight the agency’s commitment to creativity, strategic execution, and impactful storytelling. The award-winning campaign, titled “Unleash Your Live,” showcases live streamers who have built communities around their passions by using Streamlabs’ comprehensive suite products. This initiative not only captivated the live-streaming creators, but also significantly boosted brand awareness and engagement for Streamlabs. “We are incredibly honored to be recognized for our work on the Unleash Your Live campaign,” said Carlos Musquez, executive creative director at Catalyst Marketing Agency. “Our team put a tremendous amount of passion and creativity into this project, and it is rewarding to see our efforts acknowledged by industry peers and professionals.” The campaign earned accolades in the following categories: Silver Telly Award for Online Commercials Silver American Advertising Award for Internet Commercials Platinum Muse Creative Award for Social Media Gold Hermes Creative Award for Strategic Campaigns Each award underscores the agency’s expertise in delivering highly creative marketing solutions that drive results. The Unleash Your Live campaign was particularly noted for its creative design, strategic insight, and unique collaboration. Streamlabs also shared in the excitement of these achievements. Mikey Kilun, global head of marketing at Streamlabs, stated, “Working with Catalyst has been a transformative experience for our brand. Their ability to understand our vision and translate it into a compelling and effective campaign has been instrumental in our success.” As Catalyst Marketing Agency continues to push the boundaries of creativity and strategy in the marketing world, these awards serve as a testament to the agency’s dedication to excellence and innovation. About Catalyst Marketing Agency Catalyst is an award-winning creative marketing agency that prevents brands from being ignored. The agency offers a wide range of services, including branding, digital marketing, content creation, and strategic planning. Catalyst is dedicated to relentlessly helping brands connect with their audience in more meaningful ways, even when it defies convention. Contact Details Catalyst Marketing Agency Robin Emiliani robin@catalystmarketing.io Company Website https://catalystmarketing.io/

May 23, 2024 01:00 PM Mountain Daylight Time

Cyprium Metals confirms economic viability of Nifty Surface Mine

CYPRIUM METALS LIMITED

Cyprium Metals Ltd (ASX:CYM) executive chair Matt Fifield joins Proactive’s Jonathan Jackson after the company completed and published the Nifty Surface Mine Scoping Study, confirming the economic viability of a large surface mine.The study highlights that the optimal pit is estimated to contain 70 million tonnes of sulphide ore at 0.9% copper, leading to an expected recovery of 570,000 tonnes of copper through a concentrator over the mine's life. The proposed truck-shovel surface mine is expected to generate approximately 4.5 million tonnes of ore feed per year, with anticipated average annual production of 36,000 tonnes of contained copper-in-concentrate through an expanded plant.The projected capital expenditure is A$175 million, covering plant refurbishment, expansion and ancillary site capital, excluding the cost of the mobile fleet. The preliminary design ensures that 89% of life-of-mine waste disposal requirements can be met within currently permitted disturbance areas. The study reports a Net Present Value (NPV8%) of $880 million and an Internal Rate of Return (IRR) of 46% at a copper price of A$13,000 per tonne. The board has approved advancing the project to a pre-feasibility study.Fifield stated that this study consolidated months of work and outlined a high-level plan for accessing the large sulphide resource at Nifty. The plan includes a truck-shovel surface mine and moderate investment in the brownfield processing plant, aiming to nearly double its throughput. This surface mine project is designed to be standalone, separate from the copper cathode project, which is also progressing towards a restart. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 23, 2024 02:40 PM Eastern Daylight Time

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College of American Pathologists: Cancer Rates Soaring in Younger Adults

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/rq8XcHBnPw0 Cancer doesn’t discriminate by age today. Consider celebrities like Chadwick Boseman, who died from colon cancer; Olivia Munn, who recently underwent a double mastectomy; Ninja, a popular streamer on Twitch diagnosed with skin cancer; and Catherine, the Princess of Wales, who is currently being treated for the disease. All of them were diagnosed before the age of 50. Why is this happening and what can we do to catch it early? There are several reasons: diet, lifestyle, and environmental factors. The College of American Pathologists is emphasizing the importance of early detection, screening, and being vigilant regarding symptoms. A nationwide media tour was conducted to discuss this important issue featuring Dr. Donald Karcher, president of the College of American Pathologists. Topics that Dr. Karcher discussed included: • What is behind the soaring trend of younger adults being diagnosed with cancer? • What symptoms to look for to improve cancer outcomes. • What cancers can and should be screened for? • What if you don’t meet the minimum age requirements for screening but are having symptoms? • Discussing the importance of early detection. FOR MORE INFORMATION VISIT: YOURPATHOLOGIST.ORG Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 23, 2024 02:17 PM Eastern Daylight Time

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