New Mini VIX Future Product Impacts Cboe Global Markets 2020 Revenue Posted on 02/06/2021 Cboe Global Markets, Inc. (Cboe: CBOE) recently reported financial results for the 2020 fourth quarter and full year. Cboe Global Markets saw futures net revenue of US$ 21.5 million decreased US$ 9.4 million, or 30 percent, primarily due to a decline in net transaction fees. Net transaction and clearing fees decreased $10.1 million, or 39 percent, reflecting a 30 percent decrease in ADV and a 12 percent decline in revenues per contract (RPC). The revenues per contract decline was primarily due to the addition of Mini-VIX futures, which are one-tenth the size of the standard VIX futures and have a lower fee per contract. The RPC variance also reflects higher volume from corporate bond index futures and associated lead market maker incentives.