Cboe Global Markets, Inc., the world’s leading derivatives and securities exchange network, 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 Golman 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.

Source: Cboe