CHICAGO, June 14, 2021 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), a market operator and global trading
solutions provider, today announced the creation of Cboe Empowers,
a community engagement program that provides mentorship,
scholarship and guidance to under-resourced students throughout
their educational journey through access to Cboe's associates,
resources, work environment and other learning and experience
opportunities.
The program has initially launched in Chicago, with plans to expand to other Cboe
office locations around the globe. The vision for Cboe Empowers is
to support students through all stages of education from elementary
or primary school to career by providing mentorship, learning and
experience opportunities, professional development and scholarships
to students within the Chicago Public School (CPS) system and
graduates pursuing higher education. Cboe Empowers will supplement
its own programs by collaborating with local partners, including
the Greenwood Project and Working in the Schools (WITS), to create
maximum impact for its participants.
"We are committed to being a local partner in the communities
where we live and work, and many of our associates are already
involved with outstanding charitable and mentorship organizations,"
said Ed Tilly, Chairman, President
and CEO of Cboe Global Markets, and board member of Cboe Empowers.
"Cboe Empowers is a way to bring these collective experiences
together to address barriers and equip the next generation with the
tools, resources and professional networks they need for early
career success."
Cboe Empowers is the company's most ambitious philanthropic
endeavor to date with more than $2.5
million initially committed from Cboe and held in a donor
advised fund. The program officially launched this spring when Cboe
donated $250,000 to Navy Pier on
behalf of the Greenwood Project to support educational programming
and youth summer employment in Chicago. Several Greenwood Project scholars
were also selected to participate in Cboe's 2021 summer internship
program.
The Greenwood Project is a nonprofit organization dedicated to
introducing Black and Latinx students to careers within the
financial industry. For several years, Cboe has provided Greenwood
Project students with exposure to the Cboe trading floor, corporate
offices and other learning opportunities.
To further its partnership, in December
2020, Cboe donated $250,000 to
help fund Greenwood Project's annual operations. Cboe then further
entrenched its long-term support by committing to a $100,000 donation each year for the next five
years. Additionally, Catherine Clay,
Executive Vice President, Data and Access Solutions at Cboe, has
joined the Greenwood Project Board of Directors and Gina DeRaimo, Senior Vice President, Business
Optimization at Cboe, has joined the organization's educational
committee.
WITS (Working in the Schools) is the largest provider of
literacy enrichment programs to Chicago public elementary schools. For more
than two decades, Cboe has provided resources and mentors from the
company's associate base and trading floor to activate weekly
one-to-one after school literacy focused mentorship programs at
Cboe. Through Cboe Empowers, students in the WITS literacy program
will have access to Cboe educational offerings and Greenwood
Project programs and services as they transition to high school and
beyond.
"Cboe Empowers and our partners share a vision for helping
under-resourced Chicago youth gain
access to employment opportunities through education and exposure,"
said Sharon Stanciel, Senior
Director, Political and Civic Affairs at Cboe, and Lead Director of
the Cboe Empowers board. "By exposing students to the variety of
job types and opportunities at Cboe, we hope they may realize the
career choices available to them within any industry as they embark
on building their future."
"We are immensely grateful for Cboe's dedication to Chicago communities through their support of
Navy Pier's employment initiatives," said Marilynn Kelly Gardner, President and CEO of
Navy Pier. "We share a commitment to serve our local
communities and are excited to partner with Cboe Empowers to
advocate for and support the city's young people."
"We are grateful for Cboe's continued support and look forward
to making Cboe Empowers a success," said Bevon Joseph, Co-founder and CEO of the
Greenwood Project. "We are on a mission to build a true diversity
pipeline for financial services and Cboe's commitment to the
Greenwood Project and Cboe Empowers will help a whole generation of
students plan for a future they never imagined possible."
"We are thrilled to be a part of Cboe Empowers and its mission
to support Chicago youth
throughout their educational journey," said Tena Latona, CEO of WITS. "We know that young
people who are persisting through familial economic challenges and
institutional barriers are four times more likely to graduate from
college when exposed to early education programs and develop
advanced literacy and comprehension skills by fourth grade. Cboe is
doing its part to open doors by providing early access to its
facilities, associates and other resources."
Cboe Empowers is part of the company's commitment to
Environmental, Social and Governance (ESG) initiatives that
accelerate change to better serve its communities, customers,
associates and planet. To learn more, read the Cboe 2021 ESG
Report.
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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SOURCE Cboe Global Markets, Inc.