C

Cboe

Operates exchange networks for derivatives trading

Principal Network Engineer

Full-Time
$173k - $254.4k+ Annual incentive compensation + Long-term equity participation
Expert
Chicago, IL, USA+1 moreMore locations: New York, NY, USA
In PersonFour days per week in the office.
IT OperationsNetwork Engineering & Administration
No H1B Sponsorship

About the job

Requirements
  • 10+ years of hands-on network engineering experience in mission-critical, low-latency environments, operating and evolving high-performance network infrastructure.
  • Deep expertise in low-latency and deterministic network design, including analyzing latency, jitter, and end-to-end traffic behavior in production.
  • Advanced knowledge of BGP, OSPF, MPLS, and multicast (PIM-SM/SSM), with experience designing resilient, highly available global networks.
  • Strong understanding of network hardware and platform capabilities across major vendors, including evaluating limitations and optimizing designs through hands-on research and lab validation.
  • Experience designing and supporting hybrid cloud connectivity, including AWS Direct Connect, Transit Gateway, VPCs, and route integration.
  • Experience building and maintaining Python-based network automation using API-driven and SSH-based approaches for configuration management, testing, and operational efficiency.
  • Working knowledge of observability and telemetry, with exposure to Prometheus, Grafana, or similar tools for network visibility and performance analysis.
  • Background leading technical research, proof-of-concept validation, and pre-implementation design for large-scale network initiatives.
  • Understanding of network security fundamentals, including segmentation, access control, and zero-trust principles as applied to network design.
  • Ability to operate in fast-paced, dynamic environments and adapt to changing priorities while maintaining execution and delivery.
  • Ability to mentor engineers, influence technical direction, and contribute to engineering standards and best practices across an organization.
Responsibilities
  • Design and evolve low-latency, highly resilient network architecture across global data center, co-location, and cloud-connected environments, focusing on deterministic packet forwarding, scalability, and operational consistency.
  • Lead advanced routing design and implementation across complex global environments, including BGP, OSPF, MPLS, multicast, hybrid cloud connectivity, traffic engineering, and high-availability network patterns.
  • Conduct technical research, lab validation, and pre-implementation testing for major network initiatives; work with engineering and software development teams to evaluate hardware capabilities, identify design constraints, and optimize exchange performance.
  • Lead strategic, high-complexity projects from design through execution, producing technical designs, migration runbooks, capacity plans, and implementation guidance for large-scale network changes.
  • Develop and maintain Python-based network automation for configuration management, change validation, testing, and operational efficiency using API-driven and SSH-based approaches.
  • Partner with infrastructure, security, application, and business teams to align network design and delivery with technical requirements, operational goals, and organizational priorities, including support for budgeting and planning network hardware and software investments.
  • Serve as a senior technical leader and mentor across engineering, driving architecture reviews, design standards, knowledge sharing, and other engineers’ technical development.
  • Balance long-term architectural direction with immediate engineering and operational needs in a fast-moving environment.
  • Contribute to monitoring and telemetry strategy by defining visibility requirements and supporting tools such as Prometheus, Grafana, or similar platforms where they improve operational insight and troubleshooting.
  • Support technical standards, design documentation, and regulatory or audit-facing materials as needed, including materials for SEC or other regulatory reviews.
Desired Qualifications
  • Experience contributing to technical documentation, design standards, or materials supporting regulatory or audit processes.
  • Cisco CCIE (Routing & Switching or Data Center) certification or near-equivalent experience.
  • AWS Advanced Networking Specialty certification or similar.
  • Arista, Juniper, or other advanced vendor certifications.

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

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.