Who We Are & What We Do
Cboe is the world's go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions to people around the world. We provide trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets, across North America, Europe and Asia Pacific. But we're more than just transactions. We are an exchange of ideas that spark innovation and a provider of services and education that help you navigate any market environment.
OUR MISSION
To build a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future.
Around the Globe
Data and Access Solutions
Our Data and Access Solutions provide access to comprehensive data and market intelligence through tools that enhance the trading experience for people around the world.
Global FX
Our FX offering brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading.
Global Listings
We facilitate access to global liquidity and capital for the purpose-driven Innovation Economy. Through our network of exchanges in the U.S., Canada, Europe and Australia, we’re building the first-ever global listing experience for corporates and ETFs.
Digital Assets
Cboe Digital is a digital asset spot market founded on principles of a regulated futures exchange and clearing house.
North America
North American Equities
We operate four U.S. equities exchanges – the BZX Exchange, BYX Exchange, EDGA Exchange, and EDGX Exchange, along with MATCHNow and BIDS Canada in Canada.
United States
U.S. Options
We operate four U.S. options exchanges – Cboe Options Exchange, C2 Options Exchange, Cboe BZX Options Exchange and Cboe EDGX Options Exchange.
U.S. Futures
Our Cboe Futures Exchange (CFE®) is the home of volatility and corporate bond index futures.
Europe
Europe Equities
Through our exchanges in the UK and the Netherlands, Cboe UK and Cboe NL, we offer trading in more than 6,000 securities across 18 markets, via one network connection and a common rule book.
Europe Derivatives
Cboe Europe Derivatives (CEDX) is a new pan-European marketplace that enables participants to access a vibrant equity derivatives market through a single access point.
Europe Clearing
EuroCCP is a leading pan-European equities and derivatives clearing house that champions competition, open access and clearing interoperability in Europe.
Japan
Cboe Japan
Cboe Japan is a leading proprietary trading system for Japanese equities and third largest equities venue in the country, offering four trading books including both displayed and non-displayed mechanisms.
Australia
Cboe Australia
Cboe Australia is a securities and derivatives exchange, offering trading in all Australian-listed securities, as well as the exclusive trading of Cboe Australia quoted Warrants and Funds (ETFs). Cboe quoted Funds are based on a variety of underlying assets including equity, fixed income, currency, commodity and crypto assets.
Around the Globe
Data and Access Solutions
Our Data and Access Solutions provide access to comprehensive data and market intelligence through tools that enhance the trading experience for people around the world.
Global FX
Our FX offering brings the powerful benefits of an independent, transparent market structure to institutional foreign exchange trading.
Global Listings
We facilitate access to global liquidity and capital for the purpose-driven Innovation Economy. Through our network of exchanges in the U.S., Canada, Europe and Australia, we’re building the first-ever global listing experience for corporates and ETFs.
Digital Assets
Cboe Digital is a digital asset spot market founded on principles of a regulated futures exchange and clearing house.
North America
North American Equities
We operate four U.S. equities exchanges – the BZX Exchange, BYX Exchange, EDGA Exchange, and EDGX Exchange, along with MATCHNow and BIDS Canada in Canada.
United States
U.S. Options
We operate four U.S. options exchanges – Cboe Options Exchange, C2 Options Exchange, Cboe BZX Options Exchange and Cboe EDGX Options Exchange.
U.S. Futures
Our Cboe Futures Exchange (CFE®) is the home of volatility and corporate bond index futures.
Europe
Europe Equities
Through our exchanges in the UK and the Netherlands, Cboe UK and Cboe NL, we offer trading in more than 6,000 securities across 18 markets, via one network connection and a common rule book.
Europe Derivatives
Cboe Europe Derivatives (CEDX) is a new pan-European marketplace that enables participants to access a vibrant equity derivatives market through a single access point.
Europe Clearing
EuroCCP is a leading pan-European equities and derivatives clearing house that champions competition, open access and clearing interoperability in Europe.
Japan
Cboe Japan
Cboe Japan is a leading proprietary trading system for Japanese equities and third largest equities venue in the country, offering four trading books including both displayed and non-displayed mechanisms.
Australia
Cboe Australia
Cboe Australia is a securities and derivatives exchange, offering trading in all Australian-listed securities, as well as the exclusive trading of Cboe Australia quoted Warrants and Funds (ETFs). Cboe quoted Funds are based on a variety of underlying assets including equity, fixed income, currency, commodity and crypto assets.
Our Values
Guiding Principles
Our five guiding principles inspire us to be better teammates and partners, enabling us to provide best-in-class solutions for our markets and customers.
Navigating ESG
We believe social responsibility benefits everyone, from our investors and customers to our associates and community members.
Market Advocacy
As a global leader, we proactively address key issues that impact the world's markets and provide transparency into our strategic agenda.
Our Latest
Our Leaders
Operating our derivatives business on a truly global scale enables Cboe to harness the full potential of our extensive global network. We meet our clients where they are, leveraging our technology, resources and market expertise to deliver world-class products and services.
Catherine Clay
Executive Vice President, Head of Global Derivatives
Catherine Clay is Executive Vice President, Head of Global Derivatives at Cboe Global Markets. Clay oversees the global Derivatives business, encompassing both the U.S. and European markets. Leading the expansion of Derivatives, the company's largest business line, into a global division, Clay is entrusted with leveraging the organization's extensive global presence to deliver world-class products and services to clients.
Prior to her current role, Clay served as Executive Vice President of Global Digital and Data Solutions. In this position, she led the company's efforts to align Cboe's digital assets, data and analytics product suite and market data services with strategic objectives. Under Clay's leadership, Cboe's market data and access services, market and risk analytics, global indices and order and trade management offerings work in tandem, providing Cboe's global client base with more efficient and streamlined access to the company's full suite of data services and trading resources.
Previously, Clay has evaluated potential acquisitions and facilitated infrastructure investments aimed at maximizing efficiency and agility across non-trade engine applications. As Senior Vice President, Information Solutions, she led the growth of Cboe's holistic offering of indices, analytics and execution services, creating a high value offering for market participants. She joined Cboe as part of the company's 2015 acquisition of LiveVol, where she was Chief Executive Officer, after starting at the firm in 2010 as Chief Strategy Officer.
Clay began her career as a clerk in Interactive Brokers' market-making unit, Timber Hill, and progressed to Lead Market Maker and 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.
Clay holds a Bachelor of Science from the University of Colorado, where she learned the art of Zamboni driving. She serves on the Greenwood Project board of directors.