Cboe Global to exit Japan equities operations
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FILE PHOTO: A logo for CBOE (Chicago Board Options Exchange) Global Markets is displayed at their headquarters in Chicago, Illinois, U.S., April 11, 2024. REUTERS/Jim Vondruska/File Photo
(Reuters) -Cboe Global Markets said on Wednesday it will wind down its Japanese equities business, including the Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform.
The company expects to suspend operations on August 29, 2025, and formally close the business after consultations with regulators.
The decision was made in response to evolving business conditions that challenged the financial sustainability of maintaining its equities operations in Japan.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Devika Syamnath)
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