Cboe Announces Derivatives and Data Vantage Leadership Appointments

, /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the appointment of two industry veterans to lead its Derivatives and Data businesses. Rob Hocking rejoins as Executive Vice President, Global Head of Derivatives, and Brian McElligott joins as Senior Vice President, Global Head of Cboe Data Vantage. Hocking will succeed Cathy Clay who is departing the company for a new opportunity. Hocking brings more than 25 years of experience in global derivatives markets and a strong track record for building new, innovative tradable products. In his new role Hocking will oversee Cboe's global derivatives business, which includes futures and options markets in the U.S. and Europe, as well as a suite of globally traded proprietary products, including the S&P 500 Index options and VIX franchises. He rejoins Cboe having previously served as Senior Vice President, Global Head of Product Innovation. Before joining Cboe in 2018, he was Global Head of Equity Volatility Trading at DRW Trading and held roles at Goldman Sachs as Vice President of Index Trading and at Hull Trading in index derivatives market making. Over the course of his career, he spent 18 years as a Cboe options exchange member and trading permit holder. "I'm thrilled to be rejoining Cboe at such an exciting time," said Rob Hocking. "Cboe has always been at the forefront of derivatives innovation, and I look forward to working with our talented team to continue driving growth and delivering value to our clients." McElligott brings more than 25 years of experience in data and analytics. In his new role he will oversee Cboe's market data and access services, global indices, risk and market analytics, and execution solutions services. His previous leadership roles include 14 years at CME Group where he was Managing Director, Global Head of Information Products, Analytics and Market Data. He also served as Managing Director, Head of Data Product Strategy at Tradeweb and Global Head of Data Product Strategy and Partnerships at Morningstar. "Rob and Brian bring deep expertise in global markets, strong client and partner relationships, and a relentless focus on innovation. I've known them both for many years and their leadership will be instrumental in advancing our strategic priorities and accelerating innovation across our derivatives and data businesses during this exciting time in our industry," said Craig Donohue, Chief Executive Officer of Cboe Global Markets. "We are very grateful to Cathy for her many contributions to Cboe. Her leadership has helped position our derivatives and data businesses for long-term success. We thank her and wish her great success in her future endeavors." "Working alongside the dedicated and visionary team at Cboe has been an extraordinary privilege. I'm incredibly proud of all we've accomplished together. As I step away, I do so with deep gratitude and confidence in the team's continued success," said Cathy Clay, Executive Vice President, Global Head of Derivatives. Both Hocking and McElligott will be based in Chicago at Cboe's global headquarters and will start their new roles on October 1, 2025. Hocking will report into Donohue and join Cboe's Executive Leadership team. McElligott will report into Prashant Bhatia, Executive Vice President, Head of Enterprise Strategy & Corporate Development. About Cboe Global Markets Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com. Cboe®, Cboe Global Markets®, CFE®, and Cboe Futures Exchange® are registered trademarks or service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. Trading in futures and options on futures is not suitable for all market participants and involves the risk of loss, which can be substantial and can exceed the amount of money deposited for a futures or options on futures position. You should, therefore, carefully consider whether trading in futures and options on futures is suitable for you in light of your circumstances and financial resources. You should put at risk only funds that you can afford to lose without affecting your lifestyle. For additional information regarding the risks associated with trading futures and options on futures and with trading security futures, see respectively the Risk Disclosure Statement Referenced in CFTC Letter 16-82 and the Risk Disclosure Statement for Security Futures Contracts. Certain risks associated with options, futures, and options on futures and certain disclosures relating to information provided regarding these products are also highlighted at https://www.cboe.com/us disclaimers. Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures, digital assets or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with any third parties referenced in this press release. Investors should undertake their own due diligence regarding their securities, futures, digital assets, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein. Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities, futures, or digital assets in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation. Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise any third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release. Russell, Russell 1000®, Russell 2000®, Russell 3000® and Russell MidCap® are registered trademarks of the Frank Russell Company, used under license. FTSE® and the FTSE indices are trademarks and service marks of FTSE International Limited, used under license. 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," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown 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 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 or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; 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 minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating our clearinghouses; 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 our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; 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; 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; the accuracy of our estimates and expectations; and litigation risks and other liabilities. 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, 2024 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. SOURCE Cboe Global Markets, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Cboe Announces Derivatives and Data Vantage Leadership Appointments

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