CHICAGO, March 23, 2021 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), a market operator and global trading
solutions provider, announced today the promotion of Catherine Clay to Executive Vice President, from
Senior Vice President, Information Solutions, and the creation of a
new Data and Access Solutions division within the company, which
Clay will lead. She has also been appointed to Cboe's Executive
leadership team.
Cboe's new Data and Access Solutions division integrates the
company's suite of data solutions, analytics and indices, with its
market data services offerings, to create an optimized and holistic
global offering. Significantly, Cboe's market data services –
real-time, historical and derived data sets, along with equities,
options, futures and FX data – are expected to be made available
through this new division, providing customers more efficient
access to Cboe's full suite of data services. Additionally, the new
division also unifies the sales teams, providing customers with a
single point of contact for all of these services.
Ed Tilly, Chairman, President and
Chief Executive Officer at Cboe Global Markets said: "Over the last
six years, Cathy's strategic vision for growing the Information
Solutions business has been instrumental to our efforts to build a
more expansive suite of data analytics, market intelligence and
execution services. Her expertise in integrating the company's
client-facing technologies into our full suite of information
solutions services has helped create a high-value offering for our
customers. I am fully confident she will bring this same leadership
to her role overseeing our new Data and Access
Solutions division, as we look to grow the business and our
market data offering globally."
Catherine Clay, Executive Vice
President, Data and Access Solutions at Cboe Global Markets, said:
"This is an exciting time at Cboe as we continue to diversify and
expand our products, services and technology offerings on a global
scale and I am excited to lead this new division. Our goal is to
optimize efficiency and delivery of our information solutions to
market participants across the globe and we believe this holistic
approach will bring significant value to our customers. Ultimately,
we aim to deliver a seamless experience for customers by providing
one single source of market data, analytics and trading
resources."
As the trading environment becomes increasingly globalized,
customers seek more efficiency in the market infrastructure
services they require, from accessing multiple asset classes across
numerous geographies, to market data and analytics and trade
management and execution services. Cboe's Data and Access Solutions
team will be focused on addressing these client needs for global
data, analytics and access services. As a result, the company
believes the new division will create opportunity to further grow
its base of proprietary non-transactional revenue, which was
approximately $350 million in 2020.
In 2021, the company is targeting organic revenue growth in this
category of 6 to 7 percent1.
Cboe's Information Solutions comprehensive suite of data,
analytics, indices and execution services empowers market
participants with a wide variety of solutions that can simplify the
complexities of navigating the derivatives marketplace, helping
them make better informed trading decisions. Cboe's Information
Solutions includes Trade Alert, Cboe Hanweck, FT Options, Cboe
Silexx, Cboe LiveVol, Cboe Data Shop and Cboe Global Indices. This
comprehensive offering is designed to optimize the customer
experience throughout the life cycle of a transaction, from
pre-trade to at-trade to post-trade, by providing market
intelligence, alpha opportunities, portfolio optimizations and
seamless workflows.
Cboe's market data services offer a global suite of market data
products to customers to suit their diverse needs. Cboe market data
solutions include low-latency, top-of-book to full depth-of-book
market data feeds for Cboe's U.S. exchanges in options, equities
and futures. As one of the largest pan-European exchanges by market
share and value traded, Cboe provides market data with a holistic
view of the pan-European equities market. Cboe also offers live and
historical market data for the world's largest asset class, FX. The
company's flagship Cboe One Feed provides U.S. equities reference
quote and trade information to more than two million reported users
globally.
Catherine Clay has been with Cboe
since 2015. In her role as Senior Vice President, Information
Solutions, Clay has helped clients better understand and access
Cboe's market data and analytics, execution services and index
businesses, and has overseen the integration of several
acquisitions into the information solutions business line. Clay
began her career as a clerk in Interactive Brokers' market-making
unit, Timber Hill, and progressed to director of floor trading and
operations. In 2006, she left Timber Hill to co-found Thales LLC, a
market-making firm on the NYSE Options Floor and on the OneChicago
single stock futures exchange. She joined LiveVol, Inc. in 2010 as
Chief Strategy Officer. At the time of Cboe's acquisition of
LiveVol in 2015, Clay held the position of Chief Executive Officer.
She holds a Bachelor of Science from the University of Colorado.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading
and investment solutions to market participants around the world.
The company is committed to defining markets through product
innovation, leading edge technology and seamless trading
solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S., Canadian and European equities, exchange-traded products
(ETPs), global foreign exchange (FX) and volatility products based
on the Cboe Volatility Index (VIX Index), recognized as the world's
premier gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe, and owns EuroCCP, a
leading pan-European equities clearing house. Cboe also is a
leading market globally for ETP listings and
trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
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Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX®
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owners.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve a number of risks and
uncertainties. You can identify these statements by forward-looking
words such as "may," "might," "should," "expect," "plan,"
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risks, uncertainties and assumptions about us, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current expectations and
projections about future events. There are important factors that
could cause our actual results, level of activity, performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements.
We operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ include:
the impact of the novel coronavirus ("COVID-19") pandemic,
including changes to trading behavior broadly in the market; the
loss of our right to exclusively list and trade certain index
options and futures products; economic, political and market
conditions; compliance with legal and regulatory obligations; price
competition and consolidation in our industry; decreases in trading
or clearing volumes, market data fees or a shift in the mix of
products traded on our exchanges; legislative or regulatory
changes; our ability to protect our systems and communication
networks from security risks, cybersecurity risks, insider threats
and unauthorized disclosure of confidential information; increasing
competition by foreign and domestic entities; our dependence on and
exposure to risk from third parties; fluctuations to currency
exchange rates; our index providers' ability to maintain the
quality and integrity of their indices and to perform under our
agreements; our ability to operate our business without violating
the intellectual property rights of others and the costs associated
with protecting our intellectual property rights; our ability to
attract and retain skilled management and other personnel; our
ability to minimize the risks, including our credit and default
risks, associated with operating a European clearinghouse; our
ability to accommodate trading and clearing volume and transaction
traffic, including significant increases, without failure or
degradation of performance of our systems; misconduct by those who
use our markets or our products or for whom we clear transactions;
challenges to our use of open source software code; our ability to
meet our compliance obligations, including managing potential
conflicts between our regulatory responsibilities and our
for-profit status; our ability to maintain BIDS Trading as an
independently managed and operated trading venue, separate from and
not integrated with our registered national securities exchanges;
damage to our reputation; the ability of our compliance and risk
management methods to effectively monitor and manage our risks; our
ability to manage our growth and strategic acquisitions or
alliances effectively; restrictions imposed by our debt obligations
and our ability to make payments on or refinance our debt
obligations; our ability to maintain an investment grade credit
rating; impairment of our goodwill, long-lived assets, investments
or intangible assets; and the accuracy of our estimates and
expectations. More detailed information about factors that may
affect our actual results to differ may be found in our filings
with the SEC, including in our Annual Report on Form 10-K for the
year ended December 31, 2020 and
other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
1 Guidance is as of February 5, 2021 and the company is neither
updating nor reconfirming guidance in this press release.
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SOURCE Cboe Global Markets, Inc.