芝加哥期权交易所 2024年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2024 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" inRule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared orissued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of June30, 2024, the aggregate market value of the Registrant's outstanding voting common equity held by non-affiliates was approximately $17.8billion based on the closing price of $170.06 per share of common stock. The number of outstanding shares of the registrant's common stock as of February14, 2025 was104,701,695shares of common stock. DOCUMENTS INCORPORATED BY REFERENCE Portions of Cboe Global Market’s Definitive Proxy Statement for the 2025 Annual Meeting of Stockholders, which will be filed no later than 120 days afterDecember 31, 2024, are incorporated by reference in Part III. TABLE OF CONTENTSCBOE GLOBAL MARKETS, INC.2024 FORM 10-K PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities51Item 6.[Reserved]N/AItem 7.Management's Discussion and Analysis of Financial Condition and Results of Operations54Item 7A.Quantitative and Qualitative Disclosures about Market Risk86Item 8.Financial Statements and Supplementary Data91Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure145Item 9A.Controls and Procedures145Item 9B.Other Information145Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections145PART IIIItem 10.Directors, Executive Officers and Corporate Governance146Item 11.Executive Compensation146Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters146Item 13.Certain Relationships and Related Transactions, and Director Independence146Item 14.Principal Accountant Fees and Services146PART IVItem 15.Exhibits, Financial Statement Schedules147Item 16.Form 10-K Summary152 CERTAIN DEFINED TERMS Throughout this document, unless otherwise specified or the context so requires: •“Cboe,” “we,” “us,” “our” or “the Company” refers to Cboe Global Markets, Inc. and its subsidiaries.•“ADV” means average daily volume.•“ADNV” means average daily notional value.•“AFM” refers to the Netherlands Authority for the Financial Markets.•“ATS” refers to an alternative trading system.•“Bats Global Markets” and “Bats” refer to our wholly-owned subsidiary Bats Global Markets, Inc., now k