/Cashing In on Volatility Has Been Tougher Than Expected for Cboe

Cashing In on Volatility Has Been Tougher Than Expected for Cboe

Chicago-based Cboe Global Markets Inc. is trying to convince investors that new products and a technology upgrade can pull it out of a year-long share-price slump.

Shares of one of the country’s oldest and biggest options exchange-operators have tumbled 23% since the start of last year to become the worst-performing U.S. exchange-operator in that period. Rivals CME Group Inc., Nasdaq, Inc. and Intercontinental Exchange Inc. gained at least 3% during that time.