Cboe operates within the finance industry, specifically in lending, brokerage, and financial services. Founded in 1973 and headquartered in the United States, the company employs between 1,001 and 5,000 individuals and reported significant revenue of approximately $4.71 billion. Cboe is recognized for its innovative trading products, including the planned Lead/Lag Futures, which are set to be offered on the Cboe Futures Exchange, subject to regulatory approval. These futures contracts are designed to facilitate trading based on market performance dynamics, allowing traders to express momentum, hedge underperformers, and trade spreads between leading and lagging assets. Additionally, Cboe publishes research articles, such as the "Cboe Protected Options Whitepaper," which contribute to the understanding of options trading strategies. The company's focus on developing transparent and efficient trading solutions reflects its commitment to meeting the needs of various market participants, including traders, portfolio managers, and retail investors.