Cboe promotes Catherine Clay to Executive VP
Cboe Global Markets, Inc, a market operator and global trading solutions provider, announced today the promotion of Catherine Clay to Executive Vice President, from Senior Vice President, Information Solutions, and the creation of a new Data and Access Solutions division within the company, which Ms Clay will lead. She has also been appointed to Cboe’s Executive leadership team.
Cboe’s new Data and Access Solutions division integrates the company’s suite of data solutions, analytics and indices, with its market data services offerings, to create an optimized and holistic global offering. Cboe’s market data services – real-time, historical and derived data sets, along with equities, options, futures and FX data – are expected to be made available through this new division, providing customers more efficient access to Cboe’s full suite of data services.
Additionally, the new division also unifies the sales teams, providing customers with a single point of contact for all of these services.
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.”
As the trading environment becomes increasingly globalized, customers seek more efficiency in the market infrastructure services they require, from accessing multiple asset classes across numerous geographies, to market data and analytics and trade management and execution services. Cboe’s Data and Access Solutions team will be focused on addressing these client needs for global data, analytics and access services.
As a result, the company believes the new division will create opportunity to 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. In her role 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, and has overseen the integration of several acquisitions into the information solutions business line.
She began her career as a clerk in Interactive Brokers’ market-making unit, Timber Hill, and progressed to director of floor trading and operations. In 2006, she left Timber Hill to co-found Thales LLC, a market-making firm on the NYSE Options Floor and on the OneChicago single stock futures exchange. She joined LiveVol, Inc. in 2010 as Chief Strategy Officer. At the time of Cboe’s acquisition of LiveVol in 2015, Ms Clay held the position of Chief Executive Officer.
She holds a Bachelor of Science from the University of Colorado.