Oct 31 (Reuters) - Cboe Global Markets ( CBOE ) beat

Wall Street estimates for the third quarter on Friday, helped by

robust options trading, and said it will streamline its global

operations.

The exchange operator said it is restructuring its business

portfolio to focus on core strengths and new growth areas

following a comprehensive strategic review. It has begun the

process of selling its businesses in Australia and Canada.

Cboe also plans to discontinue its U.S. and European

corporate listings operations as well as cut costs tied to its

U.S. and European ETP listings, Cboe Europe Derivatives and

several smaller risk and analytics units.

Shares of Cboe were up 2.6% in premarket trading.

In July, Cboe said it will wind down its Japanese equities

business, citing evolving business conditions that challenged

the financial sustainability of maintaining its equities

operations in the Asian nation.

The company's results wrapped up third-quarter earnings for

exchanges across the country, including CME Group ( CME ),

Nasdaq and Intercontinental Exchange ( ICE ).

Investors and portfolio managers rushed to hedge positions

as a spike in volatility, driven by geopolitical tensions and

unpredictable trade moves from U.S. President Donald Trump,

rippled through financial markets.

Volatile market conditions tend to spur higher trading

volumes, driving up transaction and clearing fees for exchanges.

Cboe's third-quarter revenue from its options trading

business jumped 19% from a year earlier to $380.8 million, while

Europe and Asia Pacific revenue rose 24% to $69.1 million.

Its adjusted net income rose to $279.8 million, or $2.67 per

share, beating analyst expectations of $2.53 according to data

compiled by LSEG.