May 3 (Reuters) - Cboe Global Markets ( CBOE ) reported

a rise in first-quarter profit on Friday, as strong demand for

hedging products amid market volatility helped boost the

exchange operator's options trading volumes.

Geopolitical risks and macroeconomic uncertainties have

fueled volatility in the markets, prompting investors and

portfolio managers to hedge their positions.

Average daily volumes in total company options increased to

14.83 million contracts in the quarter ended March 31 from 14.66

million a year earlier.

Net revenue from Cboe's options rose 10% to $307.4 million.

Cboe's adjusted net income climbed to $227.7 million, or

$2.15 per share, from $201.8 million, or $1.90 per share, a year

earlier.

(Reporting by Pritam Biswas in Bengaluru; Editing by Shinjini

Ganguli)