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Cboe Announces Promotion of Chief Technology Officer Tim Lipscomb to Executive Vice President

1. Tim Lipscomb promoted to Chief Technology Officer at Cboe. 2. Cboe's technology strategy aims for organic growth and innovation. 3. Cboe maintained 100% uptime across 25 platforms in 2024. 4. Cboe saw improved market share after migrating to Cboe Titanium. 5. Lipscomb emphasizes a customer-first approach in global technology deployment.

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FAQ

Why Bullish?

Tim Lipscomb's promotion and Cboe's focus on technology strengthen its competitive edge. Historical growth through tech integration shows continued positive market response.

How important is it?

Leadership changes in technology are crucial for Cboe’s direction and innovation strategy, directly impacting its market position.

Why Long Term?

As Cboe enhances its technology platforms, this will likely yield sustained growth over time, similar to previous successful migrations.

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CMEICEMSCI
, /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the promotion of Tim Lipscomb to Executive Vice President, Chief Technology Officer, and appointment to the company's executive leadership team. In this role, Mr. Lipscomb will continue to oversee the expansion of Cboe's technology platform globally, further reinforcing the importance of technology and innovation to the company's organic growth strategy. Tim Lipscomb "Under Tim's leadership over the past few years, Cboe has consistently delivered best-in-class trading technology, providing stable and resilient markets through all types of market conditions and further expanding access to our products, data and services for customers globally. Tim also guided our technology team through major milestones, including multiple successful technology migrations that have brought our equities, options and futures markets globally onto one unified global technology platform, Cboe Titanium," said Chris Isaacson, Executive Vice President and Chief Operating Officer at Cboe. "As technology takes on an even greater role in driving Cboe's next phase of strategic growth, we are excited to unlock its full potential while driving innovation. We look forward to continuing to benefit from Tim's expertise and leadership at this pivotal moment and all that he and his team will achieve in the future." Mr. Lipscomb has served as Senior Vice President, Chief Technology Officer since 2022 and leads Cboe's technology strategy and innovation efforts globally, overseeing software engineering and quality assurance for Cboe's equities, options and futures markets, as well as its Data Vantage business.  As Chief Technology Officer, Mr. Lipscomb has helped oversee several successful technology migrations, most recently Cboe Canada's migration to Cboe TitaniumSM, and the introduction of innovative offerings to improve market access, latency and customer experience. Cboe has seen improved market share in every new market it has entered following the migration to Cboe Ti. Importantly, Cboe maintained 100% uptime across 25 of its 27 global platforms in 2024, and achieved greater than 99.9% uptime across all 27 platforms. Mr. Lipscomb initially joined Cboe in 2019 as Chief Operating Officer of Cboe Europe, where he led its software engineering, infrastructure and operational teams. Prior to joining Cboe, he worked at Bank of America for 20 years, most recently overseeing Equities Electronic Trading Technology and European Equities Technology. "In today's fast-paced markets, Cboe remains deeply committed to investing in and scaling our global technology infrastructure, operations and capabilities to meet growing market demand," said Tim Lipscomb, Executive Vice President, Chief Technology Officer at Cboe. "We take a customer-first approach, and as investors globally seek access to the U.S. markets, our ability to deploy, scale and optimize our technology around the world enables us to seamlessly bring offerings to more customers globally. I look forward to working with the team to further enhance our trusted technology platform, and harnessing the full power of our technology resources and talent to meet our customers' evolving needs."About Cboe Global MarketsCboe 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® and Cboe Global Markets® are registered trademarks and Cboe TitaniumSM and Cboe TiSM are service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.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

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