Cboe Global Markets said Thursday that it will cease its Japanese equities operations, including the Cboe Japan proprietary trading system and the Cboe BIDS Japan block trading platform, citing challenging market conditions.
Cboe to Wind Down Japanese Equities Business
Operations are expected to be suspended from 29 August 2025, with formal closure subject to regulatory consultation.
The move is part of Cboe’s strategy to focus on areas offering stronger long-term returns.
“While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community by leveraging the strengths of our global derivatives and data capabilities,” said Craig Donohue, CEO of Cboe Global Markets.
Cboe said it would maintain a presence in Japan through its Global Derivatives and Cboe Data Vantage businesses, highlighting continued demand for international market access and high-quality market data among Japanese participants.
The company expects the wind down to have an immaterial impact on 2025 revenue and operating expense guidance.
It forecasts $2 million to $4 million in adjusted expense savings this year, with annualised savings between $10 million and $12 million thereafter.
Further details are expected during Cboe’s second-quarter earnings call on August 1, 2025.
