CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

Rick Steves

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

CME Group

CME Group has appointed two new global heads for its Equity Index and Cryptocurrency businesses amid a strong surge in growth from these two business lines.

Paul Woolman was appointed Global Head of Equity Index Products to oversee the company’s Equity Index product portfolio. He has worked in equity derivatives for more than 20 years, having joined CME Group in 2016 as Senior Director, Head of EMEA Equity Products and Alternative Investments. His career includes the role of Delta One Equity Derivatives Trading Director at Bank of America Merrill Lynch for 11 years, where he managed exposure across futures, ETFs, swaps, and structured products, as well as cash equities and FX.

Giovanni Vicioso was named Global Head of Cryptocurrency Products and will assume responsibility for the company’s Cryptocurrency products. His career spans 30 years and includes 10 years at CME Group – where he began his involvement in crypto – as well as a number of years in leading positions at RBC Capital Markets and Deutsche Bank.

Both executives will report to Tim McCourt, Global Head of Equity and FX Products, and previous head of both business lines.

Tim McCourt, Global Head of Equity and FX Products, commented: “Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation. In their expanded roles, Paul and Gio will continue to meet the needs of our clients by providing products and services to manage risk in today’s ever-changing marketplace.”

CME Group’s Equity Index trading highlights:

  • Q3 futures and options average daily volume (ADV) of 7.4 million contracts increased by more than 46% against Q3 2021.
  • September futures and options record ADV of 9.4 million contracts increased over 47% against September 2021.
  • Nearly 17.5 million Tuesday and Thursday E-mini S&P 500 options contracts have traded since launch in March, becoming the most successful options launch in CME Group history.

CME Group’s Cryptocurrency trading highlights:

  • Q3 futures and options ADV of 46.2K contracts increased over 45% YoY against Q3 2021.
  • September futures and options ADV of 59.6K contracts increased more than 72% against September 2021.
  • Bitcoin futures ADV of 11.7K contracts increased more than 66% versus Q3 2021.
  • Bitcoin Euro and Ether Euro futures launched on August 29, and Ether options launched on September 12.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<