C

Cboe

Operates exchange networks for derivatives trading

Quantitative Analytics Intern

Summer 2026Updated
No salary listed
Internship
Bachelor's, Master's, MBA, PharmD, PhD, JD, MD, Bootcamp, Certification, Incomplete, Bachelor of Arts (BA), Bachelor of Science (BS), Bachelor of Fine Arts (BFA), Bachelor of Business Administration (BBA), Master of Arts (MA), Master of Science (MS), Master of Fine Arts (MFA), Master of Engineering (MEng), Associate of Arts (AA), Associate of Science (AS), Doctor of Osteopathic Medicine (DO), Doctor of Dental Surgery (DDS), Doctor of Veterinary Medicine (DVM)
London, UK
In Person
Data & AnalyticsData Analysis

About the job

Requirements
  • Undertaking a bachelor’s degree or higher. Academic background in Computer Science, Data Science, Math, Statistics is preferred
  • Advanced knowledge working with large datasets
  • Experience in Python and SQL for data analysis
  • Some experience in data visualization tools (Tableau or other similar data visualization tools)
  • Self-starter attitude; ability to work independently and as part of a team
  • Able to commute to London office location
Responsibilities
  • Apply quantitative methods and modelling to transaction and market data for Cboe European Equities business
  • Extract actionable insights from trading data to advise on the Cboe product strategy
  • Assist with researching European Equities market microstructure and publish industry notes on findings
  • Conduct TCA reviews with clients and advise them on optimum ways to use Cboe execution products
  • Propose ideas on improvement of client experience with Cboe products via data driven methodologies
  • Build ad-hoc reports/dashboards, and data sources that support product and business units in understanding trading behaviour, evaluating market quality, Cboe’s competitive position and quantifying impact of fee changes

About the company

C

Cboe

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cbWebsite

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, IL

Founded

1973

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Simplify's Take

What believers are saying

  • Q2 2026 net revenue hit $731.6 million, up 25%, led by options.
  • June 2026 options volume set records; daily multi-listed options reached 16.6 million.
  • Cboe launched Mini-SPX binary contracts and targets September 2026 KPI contracts.

What critics are saying

  • Kalshi challenged Cboe's corporate KPI contracts in August 2026, delaying launch.
  • SEC proceedings still cloud VIX future-option orders and Cboe's new product approvals.
  • Cboe depends heavily on S&P index options; a licensing dispute would cripple revenue.

What makes Cboe unique

  • Cboe owns VIX and S&P options franchises, anchoring unique volatility liquidity.
  • Its multi-asset network spans options, equities, futures, FX, and digital assets.
  • Cboe's exchange and clearing stack supports new event contracts faster than peers.

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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

Growth & Insights and Company News

6 month growth

14%

1 year growth

14%

2 year growth

14%
Yahoo Finance
Nov 2nd, 2026
Cboe revenue jumps 18% to $712M as S&P options licence extended to 2051

Cboe Global Markets reported third-quarter 2026 net revenue of $712 million, up 18% year over year, on its earnings call on October 30, 2026. The exchange operator extended its exclusive licence for S&P 500 Index options with S&P Dow Jones Indices by 25 years, through 2051. The deal leaves 2026 financial terms unchanged. Cboe is also expanding Cboe Predicts with event contracts tied to corporate financial disclosures. The contracts operate under Securities and Exchange Commission rules and clear through Cboe Clear U.S. Volume in Global Trading Hours, its overnight session, rose more than 130%, led by Asian brokers. Asia now makes up over 30% of that volume, up from under 20% a year ago. Cboe now expects 2026 organic net revenue growth in the high teens, up from its earlier mid-to-high teens guidance.

Yahoo Finance
Oct 30th, 2026
Cboe Q3 revenue up 18% on record 0DTE options; guidance raised and buyback lifted by $550M

Cboe Global Markets reported third-quarter net revenue growth of 18%, with double-digit increases in every major category. Record 0DTE options activity drove derivatives, reaching 65% of total SPX volume. The exchange operator raised its 2026 organic net revenue growth guidance to the high teens. Global Trading Hours volume rose 130% year-over-year, and cash and spot markets grew 12%. Cboe booked a non-taxable net gain of $71.5 million from selling Cboe Australia to TMX Group. It also raised its share repurchase authorisation by $550 million, bringing total capacity to about $1 billion. Cboe launched company KPI event contracts, a move into prediction markets. It extended its S&P Dow Jones Indices license by 25 years through 2051.

PR Newswire
Oct 30th, 2026
Cboe Q3 net revenue rises 18% to $712.2M as record EPS of $4.08 prompts higher 2026 growth target

Cboe Global Markets reported record third-quarter diluted earnings per share of $4.08, up 43%. Adjusted diluted EPS rose 36% to $3.63, and net revenue climbed 18% to $712.2 million. Derivatives net revenue rose 22%, helped by a 24% jump in index options average daily volume and record 0DTE activity. Data Vantage posted record quarterly net revenue, up 13%. Cboe raised its 2026 organic net revenue growth target to "high teens" and its Data Vantage target to "mid teens". It cut its adjusted operating expense guidance to $830 million to $845 million, from $838 million to $853 million. Chief executive officer Craig Donohue said the company extended its exclusive S&P license through 2051. It also expects to launch company-KPI event contracts in November.

Yahoo Finance
Oct 29th, 2026
Cboe earnings: stock rose after 68% of releases in five years, median gain 3.2%

Cboe Global Markets (BATS:CBOE) will report earnings on October 30, 2026. The company has a market value of about $33.5 billion. Over the last twelve months it generated $5.1 billion in revenue, $1.8 billion in operating profit, and $1.4 billion in net income. The stock rose the day after 13 of its last 19 earnings releases over five years, or 68% of the time. Over the last three years, that share was 75% across 12 releases. The median gain was 3.2%, and the median loss was 1.4%. Early moves have tended to partly reverse. The correlation between the five-day return and the following 21 days is -0.52. Peer reactions from CME Group, Nasdaq, and S&P Global show no consistent link to Cboe's.

Yahoo Finance
Oct 24th, 2026
Cboe adds $550M to share buyback capacity and keeps $0.86 quarterly dividend

Cboe Global Markets has declared a fourth quarter 2026 cash dividend of $0.86 per share, payable on December 15 to investors of record on November 30. Its board also approved an extra $550 million of share repurchase capacity, with no set expiry. The exchange operator reported second quarter net revenue of $731.6 million. The buyback gives it flexibility over the timing and method of repurchases. Cboe earns its money from options, futures and FX trading, along with market data and access fees. It posted a 24.1% return on equity, though forecasts point to 4.1% annual earnings growth and declining revenue. Community fair value estimates range from $143 to $328 per share.

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