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Hotspot Appoints Head of FX Liquidity Analysis

NEW YORK and LONDON – April 26, 2017 – Hotspot, a CBOE Holdings, Inc. company, and a leading market for institutional foreign exchange (FX) trading globally, announced Jon Weinberg’s appointment as Head of FX Liquidity Analysis.

Weinberg, who was previously the Head of Liquidity Management within the FX e-trading group at UBS, takes a newly-created role at Hotspot. He is responsible for creating sophisticated data analytics that will improve and enhance the trading experience of Hotspot’s many hundreds of participants. Based in London, Weinberg reports directly to Bryan Harkins, Head of U.S. Equities and Global FX at CBOE.

“As we add new functionality and features, and broaden our ambitions for Hotspot, it’s important we match our long record of outstanding client service and support with a rigorous focus on the underlying data,” Harkins commented. “Jon’s appointment, and the data-driven systems he’s creating, will strengthen what we do best: help clients source liquidity through a premium order matching and liquidity management process.”

Weinberg has both buy-side and sell-side experience. Prior to joining UBS, he spent four years as a FX Quantitative Electronic Trader at KCG. Before that, he was a Quantitative Analyst at Morgan Stanley, also in a spot FX e-trading group, and a Foreign Exchange Options trader and Quantitative Analyst at BNP Paribas. He is a graduate of McGill University in Montreal and holds a Ph.D. from The Wharton School, at the University of Pennsylvania.

Hotspot has enjoyed a strong start to 2017. In the first quarter, the platform traded average daily notional value of $28.8 billion in spot FX, up 7.9 percent quarter over quarter. Further, Hotspot’s spot FX market share1 for the quarter rose to 12.9%, up 1.3 percent from the fourth quarter of 2016.

About CBOE Holdings, Inc.

CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE), owner of the Chicago Board Options Exchange, the Bats exchanges, CBOE Futures Exchange (CFE) and other subsidiaries, is one of the world’s largest exchange holding companies and a leader in providing global investors cutting-edge trading and investment solutions. 

The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded funds (ETFs), and multi-asset volatility and global foreign exchange (FX) products.  CBOE Holdings’ 14 trading venues include the largest options exchange in the U.S. and the largest stock exchange in Europe, and the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETF trading.  

CBOE Holdings is home to the CBOE Volatility Index (VIX Index), the world’s barometer for equity market volatility; the CBOE Options Institute, the company’s world-renowned education arm; CBOE Livevol, a leading provider of options technology, trading analytics and market data services; CBOE Vest, an asset management company specializing in target-outcome investment strategies; CBOE Risk Management Conferences (RMC), the  premier  financial  industry  forums  on derivatives and volatility products; ETF.com, a leading provider of ETF news, data and analysis; and Hotspot, a leading platform for global FX trading.

The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore and Ecuador.  For more information, visit www.cboe.com.

1Market Share represents Hotspot volume divided by the total volume of publicly reporting spot FX venues (Hotspot, NEX, Reuters/FXall, and FastMatch). Effective May 2016, NEX volumes included Spot, Outrights and Forwards, impacting market share and historical performance comparisons

Media Contacts:

Analyst Contact:

Hannah Randall

Stacie Fleming

Suzanne Cosgrove

Debbie Koopman

+1-646-856-8809

+44-20-7012-8950

+1-312-786-7123

+1-312-786-7136

hrandall@cboe.com

sfleming@cboe.com

cosgrove@cboe.com

koopman@cboe.com

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CBOE®, Chicago Board Options Exchange®, CFE®, BATS®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, CBOE VestSM and CBOE Options InstituteSM are service marks of CBOE Holdings, Inc. and its subsidiaries. All other trademarks and service marks are the property of their respective owners.