Edward Tilly, is the CEO of CBOE Holdings.
What were the major themes of your business in 2015?
“CBOE focused on developing new products, expanding access to our markets and extending our customer reach in 2015.
We grew our index options complex through new product innovation and collaborations with major global index providers. The launch of VIX Weeklys futures and options provided investors with new tools to trade short-term volatility. Our licensing agreements with two major global index providers — the London Stock Exchange Group, owner of FTSE Russell indexes, and MSCI — enabled us to expand our product offerings and create new trading opportunities for a global customer base.
We made it easier for customers around the world to connect with CBOE though our extended trading hours (ETH) initiative. After expanding VIX futures trading nearly 24 hours a day in 2014, we extended trading hours in SPX and VIX options by more than six hours. The new session that begins at 2 a.m. CT aligns with the market open in London and the close in Asia.
Seeking to extend our customer reach through education, we expanded our Risk Management Conference (RMC) beyond the U.S. and Europe with our first RMC Asia in Hong Kong and launched The CBOE Options Institute at Singapore Exchange (SGX), the first international extension of our world-renowned Options Institute.”
What are your expectations for 2016?
“We look forward to building on this year’s initiatives in 2016. Product innovation is in CBOE’s DNA and we expect to continue to bring new products to the marketplace through in-house development and collaboration with our index partners. We are particularly excited about our participation in CurveGlobal, a new global interest rate marketplace, and the American Financial Exchange (AFX), a new interbank lending exchange.
On the technology side, we are preparing to roll out Vector, CBOE’s next-generation trade engine technology. We view Vector as both a state-of-the art trading platform and engine for growth, designed for maximum flexibility and scalability, enabling us to quickly respond to a rapidly changing marketplace and to efficiently roll out new products and trading opportunities.”
Feature image by Intararit/Dollar Photo Club