Cboe to Halt Japanese Stock Market Operations
Cboe Global Markets to Wind Down Japanese Equities Business
Cboe Global Markets has announced its decision to wind down its Japanese equities business due to evolving business conditions that have challenged the financial sustainability of maintaining these operations. This move is part of the company's disciplined strategy to allocate resources towards opportunities offering the best potential returns for shareholders.
The wind-down is expected to affect Cboe Japan's proprietary trading system and the Cboe BIDS Japan block trading platform. The operations are scheduled to be suspended on August 29, 2025, subject to regulatory consultation, with formal closure following this.
Despite exiting the Japanese equities market, Cboe remains committed to serving Japan and its financial community. The company aims to support Japanese market participants seeking broader access to international markets through its high-quality market data and tradable derivatives products. Cboe will continue its presence in Japan focusing on its Global Derivatives and Cboe Data Vantage businesses.
Craig Donohue, CEO at Cboe Global Markets, stated that the company will continue to meet the demand for greater access to international markets. He added that the wind-down is expected to have an immaterial impact on Cboe's organic total net revenue growth and adjusted operating expense guidance in 2025.
During its second-quarter 2025 earnings call on August 1, 2025, Cboe will provide more details about the wind-down of its Japanese equities business. The webcast and presentation materials may contain additional insights and information not previously disclosed.
A live audio webcast for the conference call and the presentation will be available on the Investor Relations section of Cboe's website at ir.cboe.com under Events. The webcast and presentation materials will be available for replay following the live event.
This strategic exit reflects Cboe’s prioritization of leveraging global derivatives and data capabilities to serve the Japanese financial community in ways that align with current market demands and financial viability. The wind-down of Cboe Japan equities operations is expected to have minimal impact on the company's overall financial performance.
- Cboe Global Markets will continue to focus on serving the Japanese financial community by supporting market participants seeking access to international markets through its high-quality market data and tradable derivatives products, despite winding down its Japanese equities business.
- The wind-down of Cboe Japan's equities operations will primarily impact their proprietary trading system and the Cboe BIDS Japan block trading platform, with the suspension of operations scheduled for August 29, 2025, following regulatory consultation.
- Cboe Global Markarks will maintain its presence in the Japanese market, with a focus on its Global Derivatives and Cboe Data Vantage businesses, as it prioritizes leveraging global derivatives and data capabilities to align with current market demands and maintain financial viability.
