Cboe Results Presentation Deck
Futures 4Q20 Net Revenue Down 30%; Year Down 19%
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Revenue decrease driven by net transaction fees resulting from lower trading volume and RPC
RPC decrease primarily reflects the addition of Mini VIX futures in 2020, one-tenth the size of standard VIX futures,
and higher volume from corporate bond index futures and associated lead market maker incentives
Futures Selected Revenue Data
($ in millions)
Net Revenue
Net transaction and clearing fees¹
Access and capacity
Market data
Futures Key Operating Stats
(in thousands, except RPC)
Total ADV
Total RPC
¹See appendix for "Non-GAAP Information."
4Q19
$30.9
$26.1
$4.1
$1.6
4Q19
228
$1.794
4Q20
$21.5
$16.0
$4.5
$1.6
4Q20
159
$1.575
Chg 2019
-30% $131.3
-39% $110.2
10%
$15.6
$6.5
Chg
2019
C'boe
2020 Chg
$105.8
$84.5
$17.0
$6.6
2020
-19%
-23%
9%
2%
Chg
-30%
249
201
-19%
-12% $1.756 $1.665 -5%
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