Summer 2026

Market Data & Access Services Intern

Posted on 9/8/2025

Cboe

Cboe

1,001-5,000 employees

Operates exchange networks for derivatives trading

Compensation Overview

$22 - $42/hr

+ Base pay range for interns: $22-$42 per hour + Total rewards program may include benefits such as 401(k) with a generous company match and paid sick time

No H1B Sponsorship

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

Hybrid

Hybrid role: 3 days in office per week; 2 days remote.

Category
Data & Analytics (3)
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Requirements
  • Undergraduate (rising junior or senior) or Graduate student working towards a degree in business, economics, finance, computer science, quantitative analysis, or a related field and should not be scheduled to graduate before December of the year in which the internship takes place.
  • Strong communication skills
  • Strong research and analysis skills
  • Strong knowledge of Excel
  • Working knowledge of other Microsoft Office products
  • Working knowledge of Tableau, Sigma, or other Data Visualization Tools
  • Working knowledge of Python
  • Attention to detail
  • Ability to handle multiple assignments
Responsibilities
  • Assist with various projects and product initiatives that impact multiple areas of the business.
  • Assist with market research and analysis.
  • Research and maintain competitive data and connectivity product summaries including descriptions, pricing, customer targets, etc.
  • Contribute to financial forecasting, budget process, revenue projections, and business trend analysis.
  • Develop complex pricing models to include multiple variable inputs and outputs to fully assess business impact of various changes.
  • Review and assist in the process of drafting commercial contracts, policies, and legal filings in coordination with the legal team.
  • Document requirements, meeting notes, agendas, and action items for various stakeholders –both internally and externally as needed.
  • Support the Operational Team as needed through assisting in customer onboarding, customer inquiries, and helping to drive operational efficiencies.
  • Respond directly to customers regarding product, pricing, policy, and/or billing-related questions, requests, and/or issues.
  • Interact with a wide range of global clients and prospective customers including exchanges, data vendors, sell-side brokers, buy-side firms, market makers, proprietary traders, retail brokers, financial websites, and fintech.
Desired Qualifications
  • Expert in Business Analysis and Data Visualization through tools such as Tableau and/or Sigma

Cboe Global Markets operates an exchange network that lists and trades a wide range of financial instruments, including global derivatives, foreign exchange, digital assets, and securities. Its platform matches buy and sell orders, clears and settles trades, and earns revenue from transaction fees and market data. The company serves institutional investors, retail investors, and financial intermediaries through a global infrastructure that facilitates trading and data services. Unlike firms that focus on a single asset class, Cboe offers multiple asset classes and a long history (over 50 years) to provide broad market access and reliable infrastructure. The goal is to power the global economy by creating inclusive markets and helping investors build sustainable financial futures, while also supporting community growth and employee development.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1973

Simplify Jobs

Simplify's Take

What believers are saying

  • US options volume hit 15.2 billion contracts in 2025, up 26%.
  • Q1 2026 revenue reached record $729 million, up 29% year-over-year.
  • International clients drive 45% of data sales growth.

What critics are saying

  • Nasdaq erodes SPX options share with lower-fee index products.
  • ICE diverts 10-15% VIX volume via volatility futures launch.
  • 20% layoffs trigger talent exodus to CME Group.

What makes Cboe unique

  • Cboe pioneered world's first listed options exchange in 1973.
  • Cboe created iconic VIX volatility index for global markets.
  • Cboe Clear Europe leads pan-European equities clearing by volume.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Flexible Work Hours

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Fertility Treatment Support

Professional Development Budget

Conference Attendance Budget

Company News

PR Newswire
Mar 31st, 2026
CNBC expands to Cboe's Chicago trading floor as US options volume hits 15.2B contracts

Cboe Global Markets and CNBC have announced a multi-year collaboration bringing daily CNBC programming to Cboe's Chicago trading floor, beginning 6 April. The partnership will deliver real-time analysis of market volatility and options activity across CNBC's linear and digital platforms. The collaboration comes as US options trading reached record levels, with 15.2 billion contracts traded in 2025, up 26% year-on-year. CNBC will utilise proprietary Cboe data and feature a dedicated options reporter covering the market. A broadcast studio on the trading floor is scheduled to open later this year. Cboe's trading floor hosts over 300 brokers and market makers using a hybrid model of open-outcry and electronic trading. CNBC will also broadcast Cboe's opening and closing bell ceremonies as part of the agreement.

Yahoo Finance
Feb 28th, 2026
CBOE hits record $671M revenue in 4Q25, operating margins expand to 67.1% on options boom

Cboe Global Markets has raised investor interest following record fourth-quarter results, with net revenue reaching $671 million, up 28% year-on-year. The exchange operator's derivatives markets revenue surged 38% to $386 million, driven by robust options activity. Operating margins expanded 620 basis points to 67.1%, whilst adjusted earnings per share hit a record $3.06, up 45% year-on-year. Options now represent 65% of total revenue, its highest mix in years, with nine of the ten highest SPX trading days occurring in the fourth quarter or early first quarter. The company is streamlining operations through asset sales in Australia and Canada whilst investing in securities financing and extended-hours trading. International clients now comprise 45% of data sales, supporting structural growth prospects.

PR Newswire
Jan 26th, 2026
Cboe Global Markets names Scott Johnston COO, Heidi Fischer to lead global equities

Cboe Global Markets has appointed Scott Johnston as executive vice president and chief operating officer, and Heidi Fischer as executive vice president and global head of equities and spot markets. Johnston will assume COO duties from Chris Isaacson, who is retiring on 6 March 2026 after guiding the company through a period of transformation. Fischer will oversee Cboe's global cash equities and spot markets. She joins from TMX Group, bringing over 25 years of industry experience. Johnston, who has more than 40 years in the industry, will join on 17 February 2026. The changes are part of a broader restructuring that includes promoting Alex Dalley to senior vice president overseeing European equities and expanding Jon Weinberg's role to cover global FX and off-exchange trading.

PR Newswire
Apr 14th, 2025
Cboe Begins Trading In Sp 500® Equal Weight Index Options On April 14, 2025

CHICAGO, April 14, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced it has launched for trading S&P 500 Equal Weight Index (EWI) options. The new options are the latest addition to Cboe's S&P 500 toolkit and provide investors additional choice and diversification opportunity through broad-based U.S. equity market exposure.The S&P 500 EWI (Bloomberg index ticker: SPW) is the equal-weight version of the S&P 500 Index, with each constituent of the S&P 500 EWI allocated a fixed weight of 0.2% of the index total at each quarterly rebalance. While including the same constituents, the S&P 500 EWI and the capitalization-weighted S&P 500 Index often differ in sector and factor exposures including smaller-cap vs. mega-cap stocks, momentum bias, and realized volatility.The S&P 500 EWI options are designed to provide different exposure and complement Cboe's S&P 500 Index (SPX) options, which are one of the most actively traded and liquid options in the world

PR Newswire
Apr 3rd, 2025
Cboe Global Markets Reports Trading Volume For March 2025

CHICAGO, April 3, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported March trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the first quarter of 2025. The data sheet "Cboe Global Markets Monthly Volume RPC/Net Revenue Capture Report" contains an overview of certain March trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines

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