Cboe launches new division led by Catherine Clay

Rick Steves

By bringing together Cboe’s Information Solutions and global market data and access services, Cboe aims to create a holistic global offering and to unify the sales teams, providing customers with a single point of contact for all of these services.

Cboe has launched a new Data and Access Solutions division within the company, which will be led by Catherine Clay, who was promoted to Executive VP of Information Solutions. She has also been appointed to Cboe’s Executive leadership team.

The company’s new Data and Access Solutions division integrates the company’s suite of data solutions, analytics and indices, with its market data services offerings.

By bringing together Cboe’s Information Solutions and global market data and access services, Cboe aims to create a holistic global offering and to unify the sales teams, providing customers with a single point of contact for all of these services.

Ed Tilly, Chairman, President and Chief Executive Officer at Cboe Global Markets said: “Over the last six years, Cathy’s strategic vision for growing the Information Solutions business has been instrumental to our efforts to build a more expansive suite of data analytics, market intelligence and execution services.

“Her expertise in integrating the company’s client-facing technologies into our full suite of information solutions services has helped create a high-value offering for our customers. I am fully confident she will bring this same leadership to her role overseeing our new Data and Access Solutions division, as we look to grow the business and our market data offering globally.”

Catherine Clay, Executive Vice President, Data and Access Solutions at Cboe Global Markets, said: “This is an exciting time at Cboe as we continue to diversify and expand our products, services and technology offerings on a global scale and I am excited to lead this new division.

“Our goal is to optimize efficiency and delivery of our information solutions to market participants across the globe and we believe this holistic approach will bring significant value to our customers. Ultimately, we aim to deliver a seamless experience for customers by providing one single source of market data, analytics and trading resources.”

Cboe customers are increasingly looking to access multiple asset classes across numerous geographies, to market data and analytics and trade management and execution services. The new division addresses those needs for global data, analytics, and access services.

The company believes the new division will further grow its base of proprietary non-transactional revenue, which was approximately $350 million in 2020. In 2021, the company is targeting organic revenue growth in this category of 6 to 7 percent.

Catherine Clay has been with Cboe since 2015. As Senior Vice President, Information Solutions, Ms. Clay has helped clients better understand and access Cboe’s market data and analytics, execution services, and index businesses. Her role included overseeing the integration of several acquisitions into the information solutions business line.

Starting out as a clerk in Interactive Brokers’ market-making unit in 2000, Ms. Clay progressed to director of floor trading and operations until she co-found Thales LLC, a market-making firm on the NYSE Options Floor and on the OneChicago single stock futures exchange.

In 2010, Ms. Clay joined LiveVol, Inc. as Chief Strategy Officer. The firm was acquired by Cboe in 2015. At the time, she was already Chief Executive Officer.

Read this next

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Executive Moves

Parameta appoints Head of Benchmark and Indices with a focus on ESG and rates

The firm said building out its benchmarks & indices offering will now be a core priority, with a particular focus on the ESG and rates space.