Cboe market data is up in the clouds via AWS partnership

Rick Steves

Cboe market data is delivered with tick-by-tick level granularity, built-in redundancy and global availability

cloud

Cboe is using Amazon Web Services to power its new real-time, cloud-based market data streaming service, the firm announced.

Cboe Global Cloud aims to optimize the efficiency and delivery of Cboe’s data services for market participants, broadening access via AWS from multiple locations.

The service will bring Cboe’s wide array of data products together onto a unified platform, providing customers a simple and efficient way to receive a variety of real-time data via a single access point.

Catherine Clay, EVP and Global Head of Data and Access Solutions at Cboe Global Markets, said: “We are excited to collaborate with Amazon Web Services to expand connectivity and real-time data delivery options for our customers.

“We believe Cboe Global Cloud will provide an efficient, agile way for market participants globally to directly access the real-time data that they need to power their applications and better inform their risk management and trading decisions. We look forward to delivering significant value to our customers through this new service.”

Cboe Global Cloud is expected to help further extend Cboe’s data to new users and geographies as Cboe aims to push its proprietary content, market data and access solutions to new investors.

The cloud-based data service will initially provide access to Cboe U.S. Equities Exchange data, Cboe Futures Exchange (CFE) data and Cboe Streaming Market Indices (CSMI) data.

The data will be made available through AWS in three key regions to start: United States, United Kingdom, and Hong Kong.

In the future, Cboe will add content, market data, and analytics across asset classes based on customer demand, including Equities, Options, Futures, FX and Indices.

The Cboe cloud-based data service will bring together pan-European, Canadian, Japanese, and Australian equities market data.

Scott Mullins, Managing Director of Financial Services at Amazon Web Services, said: “AWS is pleased to collaborate with Cboe to further enhance its distribution capabilities and meet its clients’ needs. As Cboe continues to grow its data and analytics business and build out a differentiated global market data offering, we look forward to providing them with world-class secure, reliable and flexible cloud services to power data delivery and serve their growing global client base.”

Cboe market data is delivered with tick-by-tick level granularity, built-in redundancy and global availability.

Last week, Cboe announced a major move toward digital assets by agreeing to acquire ErisX, which operates a U.S.-based digital asset spot market, a regulated futures exchange, and a regulated clearinghouse.

The transaction is expected to close in the first half of 2022. Seven in ten institutional investors expect digital assets to be part of their portfolios in the future, but there is still lack of consistent regulation and a dearth of sufficiently robust exchange and clearing infrastructure. This is a major barrier to entry.

Enter Cboe, which plans to operate the digital asset business as Cboe Digital and has secured support from retail brokers, crypto-leading firms, and sell-side banks, who will advise Cboe on the Eris spot and derivatives markets.

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