Full-Time

CFE Market Structure Senior Director

Posted on 5/2/2026

Cboe

Cboe

1,001-5,000 employees

Operates exchange networks for derivatives trading

Compensation Overview

$205.7k - $266.2k/yr

+ Annual Incentive Compensation + Long-term Equity Programs

No H1B Sponsorship

Chicago, IL, USA

Hybrid

Category
Business & Strategy (2)
,
Required Skills
C#
Blockchain
VBA
Excel/Numbers/Sheets
Requirements
  • Minimum 10+ years’ industry experience in capital markets, including but not limited to regulated securities, securities or commodity derivative markets and crypto assets
  • Minimum 3+ years of demonstrated experience in the digital asset ecosystem, including knowledge of blockchain protocol and tokenization
  • Demonstrated experience in market structure initiatives and knowledge of public policy in CFTC regulated products
  • Strong knowledge of financial markets, including an understanding of financial derivatives, trading, market data, exchanges, and financial technology
  • Proven leadership ability
  • Ability to set and manage priorities judiciously
  • Proven understanding of exchange/trading systems and central counterparty clearing functions
  • Highly developed understanding of traditional and digital asset market structure
  • Advanced knowledge of equities/derivatives/fixed-income order lifecycle and participants involved
  • Deep understanding of pre & post trade lifecycle & collateral management for listed and OTC tradeable products
  • Ability to effectively communicate both verbally and in writing and to interact with internal and external and technical and nontechnical audiences
  • Advanced Excel and VBA, VB.Net, C#.Net
  • Self-starter with the ability to multi-task effectively and independently within a fast-paced environment
  • Ability to travel
Responsibilities
  • Plan, develop, and implement a strategy for Market Structure with alignment to the overall Cboe Global Derivatives strategic direction with a specific focus on Futures Market Structure
  • Partner with the Cboe Labs and the Derivative team to design and build products and enhancements for Cboe Global Derivatives
  • Partner with the Operations, Global Sales and Derivative teams to source client feedback and implement projects and developments related to CFE
  • Provide resolutions for medium-to-complex customer issues and requests on CFE
  • Develop and present Futures Market Structure initiatives to business leadership
  • Leverage personal and professional relationships to build business
  • As requested, conduct presentations and public speaking engagements internally and at conferences and other venues
  • Participate in strategic planning and systems implementations to achieve business goals

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

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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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