C

Cboe

Operates exchange networks for derivatives trading

Infrastructure Intern

Internship
$22 - $42/hr
Bachelor's
Chicago, IL, USA+2 moreMore locations: Kansas City, MO, USA | New York, NY, USA
In PersonFive days in office per week at one of the listed offices.
IT OperationsNetwork Engineering & Administration, IT Service Desk & End User Support
No H1B Sponsorship

About the job

Requirements
  • Applicants must be enrolled in a university or college program and must not be scheduled to graduate before December of the internship year.
  • Pursue a degree in Information Technology, Computer Science, Information Systems, Cybersecurity, Networking, or a related field.
  • Have a basic understanding of networking concepts such as TCP/IP, DNS, DHCP, routing, and switching.
  • Have familiarity with Windows, macOS, cloud technologies, or endpoint/device management concepts.
  • Have exposure to scripting or automation through coursework, projects, or personal experience.
  • Have an interest in technology infrastructure, cybersecurity, automation, and AI.
  • Have strong analytical and problem-solving skills.
  • Be able to work effectively in a collaborative team environment.
  • Have strong written and verbal communication skills.
  • Be detail-oriented with a commitment to quality.
  • Have a curious mindset and willingness to learn and take initiative.
Responsibilities
  • Support network and End User Computing teams with day-to-day operational activities.
  • Assist with troubleshooting hardware, software, networking, and end-user technology issues.
  • Help maintain and document infrastructure, inventory, diagrams, and technical procedures.
  • Participate in network configuration reviews, testing, and infrastructure change activities.
  • Build or enhance automation solutions using tools such as Python, PowerShell, or other scripting technologies.
  • Explore and evaluate AI-powered tools and workflows that improve operational efficiency.
  • Assist with firewall reviews, security policies, identity management, and device administration.
  • Work with collaboration technologies, conference room systems, and endpoint management solutions.
  • Track work and document progress using Jira and Confluence.
  • Partner with experienced team members to learn enterprise IT operations in a global environment.
  • Deliver a summer project and present findings and recommendations at the conclusion of the internship.
Desired Qualifications
  • Have experience with Python, PowerShell, Bash, or other scripting languages.
  • Have familiarity with Azure, cloud platforms, or mobile device management.
  • Have knowledge of firewall, VPN, or network security concepts.
  • Have experience with Linux or command-line tools.
  • Have exposure to AI tools, prompt engineering, large language models, or automation projects.
  • Have familiarity with Git, REST APIs, JSON, Jira, or Confluence.
  • Have coursework or certifications related to networking, security, or infrastructure, such as Network+, Security+, or CCNA.
  • Have hands-on lab experience with Packet Tracer, GNS3, EVE-NG, or a home lab.

About the company

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 Jobs

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

13%

1 year growth

13%

2 year growth

13%
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.

PR Newswire
Oct 16th, 2026
Cboe hires PNC veteran Catherine Grover as chief human resources officer

Cboe Global Markets will hire Catherine Grover as executive vice president and chief human resources officer, effective November 16, 2026. She will be based in Chicago and report to chief executive officer Craig Donohue. Grover will oversee Cboe's global human resources function, aligning talent and workforce strategies with the company's next phase of growth. She joins from PNC Financial Services Group, where she spent more than 29 years in HR leadership and business roles. Most recently, she was executive vice president of human resources, leading teams that supported about 55,000 employees. "Cathy's experience will help us continue building the leadership, talent and organizational capabilities needed to support our ambitions," Donohue said.

Yahoo Finance
Oct 11th, 2026
Cboe shares jump 12.1% as S&P 500 options licence extended to 2051 and KPI binaries planned

Cboe Global Markets extended its exclusive licence for S&P 500 Index options with S&P Dow Jones Indices through 2051. The 25-year renewal reduces the risk of losing its flagship index options business. Cboe also plans to launch binary contracts tied to company-specific key performance indicators. They would initially cover 23 major US-listed stocks and be cleared through Cboe Clear U.S., subject to regulatory approval by the Securities and Exchange Commission. Cboe shares are up 12.1% after the announcements. The KPI contracts look incremental rather than a near-term earnings driver. Competition and fee pressure remain risks to Cboe's core economics.

Yahoo Finance
Sep 4th, 2026
Cboe and Nasdaq on track for record options trading volume for seventh consecutive year

The US options market is set for a seventh consecutive record year, with leading exchange operators Cboe Global Markets and Nasdaq reporting strong growth. Cboe posted record second-quarter 2026 results, with net revenue rising 25% year-over-year to $732 million. Its derivatives business drove growth, with index options average daily volume up 32% to 6.2 million contracts. Nasdaq reported $1.5 billion in net revenue for the same period, up 15%. Its index options revenue more than doubled for the fourth straight quarter, whilst index exchange-traded product assets under management crossed $1 trillion. Both exchanges are expanding beyond core offerings. Cboe recently launched Cboe Predicts, featuring binary options on the Mini-S&P 500 Index. It's also developing company-specific key performance indicator contracts, pending regulatory approval.

Yahoo Finance
Aug 21st, 2026
Cboe Global Markets raises 2026 outlook after Q2 revenue hits record $731.6M

Cboe Global Markets reported strong Q2 fiscal 2026 results on 31 July, with net revenue rising 24.6% to a record $731.6 million. The Chicago-based exchange operator's adjusted diluted earnings per share increased 44.7% to $3.56, driven by a 30% surge in Options segment revenue. The company raised its 2026 organic total net revenue growth guidance to "mid to high teens" from "low double-digit to mid-teens". Analysts expect diluted EPS to grow 29.2% year-over-year to $13.78 for fiscal 2026. Cboe shares have gained 16.7% over the past year and are up 17.12% year-to-date in 2026, outperforming the S&P 500's 11.6% gain this year. Of 18 analysts covering the stock, the consensus rating is "Hold", based on three "Strong Buys", 12 "Holds", and three "Strong Sells".