Cboe Data Vantage Sees Strong Overseas Growth in Q1

Cboe Data Vantage, the rebranded data solutions arm of Cboe Global Markets, reported an 8% organic net revenue increase to $149.4 million in Q1 2024. The growth was fueled by expanded transaction capabilities and a diversified suite of data products across geographies.

International markets drove the majority of new business, with 55% of data sales and 85% of Cboe Global Cloud subscriptions originating outside the U.S. The cloud platform, powered by AWS, delivers real-time market data streaming to global participants.

The company has strengthened its global footprint with strategic hires in Europe and Asia, complementing its existing operations across 27 markets in North America, Europe, and Asia Pacific. Management maintains a mid-to-high single digit organic growth target for 2025.