Cboe Global Markets, Inc today announced that its Chairman, President and CEO Ed Tilly has been appointed Chairman of the World of Federation of Exchanges (WFE), the global industry group for exchanges and clearinghouses (CCPs). Mr Tilly was previously Vice Chairman of the WFE from 2018 to 2021 and began serving a two-year term as Chairman of the WFE on September 9.

As Chairman of the WFE, Mr. Tilly will work with WFE CEO Nandini Sukumar and its board and members to advance the organization’s mission to foster well-functioning capital markets, reinforce systemic stability, support developing markets and educate on the role exchanges and clearinghouses play in the global economy. Additionally, together with its members, the WFE creates and agrees on best practices and standards for the industry.

Mr Tilly was elected Chairman by the WFE membership during its 60th Annual Meeting, hosted by the Shenzhen Stock Exchange.

“I am deeply honored to have the privilege to serve as the new Chairman of the WFE,” said Ed Tilly, Chairman, President and CEO of Cboe Global Markets.

“Cboe has been a longstanding member of the WFE and shares a common vision for promoting markets that serve all investors. I look forward to working even more closely with Nandini and the WFE board and its members as a collective force to ensure the integrity of global markets, advocate for smart and efficient regulation, support measures that facilitate global capital flow, drive the transition towards an inclusive and sustainable economy, and speak as one clear and powerful voice for our industry.”

The WFE represents more than 250 market-infrastructures ranging from those that operate the largest financial centers to those that run frontier markets. Of its members, 37 percent are spread across the Asia-Pacific region, 43 percent in Europe, Middle East and Africa, and 20 percent are the Americas. Members include over 50 distinct CCP clearing services, among them stand-alone CCPs. WFE exchanges are home to 47,919 listed companies, and the market capitalization of these entities is over $109 trillion.

Mr Tilly will draw on his 30 years of experience as an integral member of the Cboe community to serve the WFE. Prior to being named CEO in 2013, Mr. Tilly was Cboe President and Chief Operating Officer, served as Cboe Executive Vice Chairman and as Cboe’s Member Vice Chairman – the highest member-elected position at the Exchange. He started as a trading floor clerk in 1987, eventually trading as both a market-maker and a designated primary market-maker (DPM) until joining Cboe’s executive management team in 2006.