C

Cboe

Operates exchange networks for derivatives trading

Trade Desk Associate

Full-Time
$68k - $88k+ Annual incentive compensation + Long-term equity programs
Entry, Junior
Bachelor's
Kansas City, MO, USA
In Person
IT Operations
No H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in Computer Science, Computer Engineering, Software Engineering, Business, Financial Services, Communications, or a related discipline is preferred.
  • Zero to two years of professional experience is required; internship, coursework, or academic project experience in financial services, technology, or a related field is a plus.
  • FINRA Security Industry Essentials Examination (SIE) and Series 57 licenses, or the ability to obtain them within the first eight months of service, are required.
  • Basic familiarity with SQL or UNIX shell environments is required; coursework or personal experience is accepted.
  • Ability to follow documented procedures and standard practices with accuracy and attention to detail.
  • Ability to work collaboratively in a team environment.
Responsibilities
  • Assist with daily system checks and review audit logs under the guidance of senior team members to help verify system changes and confirm platforms are operating as expected.
  • Monitor production, disaster recovery, and certification/test environments and escalate anomalies or known issues to experienced staff in a timely manner.
  • Support delivery of live updates to customers and internal teams related to system and trading issues.
  • Learn and apply standard operating procedures to assist in resolving routine platform issues.
  • Assist in providing first-level customer support related to platform behavior, order processing, market structure, and feature/function inquiries.
  • Support exchange platform operations, including order cancel requests, clearing support requests, and client onboarding activities, under supervision.
  • Help monitor auctions/rotations and assist with block trade and ECRP support as directed.
  • Use SQL and UNIX shell tools under supervision to query databases and examine log files for data gathering and basic reporting tasks.
  • Assist in documenting findings and preparing reports for customers and business teams as needed.
  • Update internal technical procedures and operational documentation within the Operations team's Confluence space under the direction of senior staff.
  • Support weekend industry testing participation as needed.
  • Develop working knowledge of Cboe's exchange platforms, APIs (market data, order entry, web service), and operational workflows through on-the-job training and mentorship.
  • Build internal relationships with colleagues across Operations, Technology, and Business teams to exchange information and support team goals.
  • Perform other related duties as required or requested.
Desired Qualifications
  • Internship, coursework, or academic project experience in financial services, technology, or a related field is a plus.
  • Strong eagerness to learn financial market concepts, trading systems, and technical support workflows.
  • Effective written and verbal communication skills, with the ability to clearly relay information to internal colleagues and customers.

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'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

Paid Holidays

Paid Parental Leave

Fertility Treatment Support

Professional Development Budget

Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

13%

1 year growth

13%

2 year growth

13%
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".

Yahoo Finance
Aug 16th, 2026
Cboe Global Markets raises quarterly dividend 19% to $0.86, marking 16th consecutive annual increase

Cboe Global Markets has raised its quarterly dividend to $0.86 per share for the third quarter of 2026, up from $0.72. The payment will be made on 15 September 2026 to shareholders of record on 31 August 2026. This marks the 16th consecutive year of dividend increases. The 19% rise reinforces the company's commitment to returning cash to shareholders whilst it expands its clearing and trading services. The dividend growth accompanies Cboe Clear Europe's planned expansion into fixed-income lending through its Securities Financing Transactions service. However, analysts note the company remains heavily reliant on its S&P index options partnership, which presents a concentration risk. Community fair value estimates for the stock range from $143.58 to $317.71 per share, reflecting divergent views on the company's prospects.

PR Newswire
Jul 31st, 2026
Cboe Global Markets hits record Q2 revenue of $732M, up 25%, boosts 2026 growth targets

Cboe Global Markets reported record second-quarter results for 2026, with diluted earnings per share rising 50% to $3.35 and adjusted diluted EPS increasing 45% to $3.56. Net revenue reached a record $731.6 million, up 25% year-over-year. The company raised its full-year organic total net revenue growth target to "mid to high teens" from "low double-digit to mid teens". Data Vantage organic net revenue growth guidance was increased to "low teens" from "low double-digit". Cboe reaffirmed adjusted operating expense guidance of $838 million to $853 million. The Options segment posted record net revenue of $473.9 million, up 30%, driven by a 26% increase in average daily volume. North American Equities net revenue rose 17% to $114.7 million. Chief executive Craig Donohue cited progress in executing the company's growth strategy across event contracts, Cboe Clear US, and around-the-clock market access.