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Fly News Breaks for September 13, 2019
TW, CBOE
Sep 13, 2019 | 06:22 EDT
BofA/Merrill analyst Michael Carrier double downgraded Cboe Global Markets (CBOE) to Underperform from Buy saying trends have moderated some in September while its compares in Q4 are tough. Further, open interest and assets under management in volatility products have been moderating, Carrier tells investors in a research note. The analyst coupled the double downgrade with an upgrade of Tradeweb Markets (TW) to Buy.
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