Full-Time

Principal Network Engineer

Cboe

Cboe

1,001-5,000 employees

Operates exchange networks for derivatives trading

Compensation Overview

$163.6k - $240.6k/yr

+ Annual incentive compensation + Long-term equity programs

No H1B Sponsorship

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

Hybrid

Four days in the office per week are required.

Category
DevOps & Infrastructure (1)
Required Skills
Python
Grafana
Juniper
Computer Networking
AWS
Prometheus
Observability
REST APIs

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Requirements
  • 10+ years of hands-on network engineering experience in mission-critical, low-latency environments, with a strong track record operating and evolving high-performance network infrastructure.
  • Deep expertise in low-latency and deterministic network design, including practical experience analyzing latency, jitter, and end-to-end traffic behavior in production environments.
  • Advanced knowledge of routing protocols at scale, including BGP, OSPF, MPLS, and multicast (PIM-SM/SSM), with proven experience designing resilient, highly available global networks.
  • Strong understanding of network hardware and platform capabilities across major vendors, with the ability to evaluate limitations and optimize design decisions through hands-on research and lab validation.
  • Experience designing and supporting hybrid cloud connectivity, including AWS networking constructs such as Direct Connect, Transit Gateway, VPCs, and route integration.
  • Proven experience building and maintaining Python-based network automation, including API-driven and SSH-based approaches for configuration management, testing, and operational efficiency.
  • Working knowledge of observability and telemetry concepts, with exposure to platforms such as Prometheus, Grafana, or similar tools for network visibility and performance analysis.
  • Strong background in leading technical research, proof-of-concept validation, and pre-implementation design for large-scale network initiatives.
  • Solid understanding of network security fundamentals, including segmentation, access control, and zero-trust principles as they apply to network design.
  • Experience operating in fast-paced, highly dynamic environments, with the ability to adapt to changing priorities while maintaining a strong focus on execution and delivery.
  • Demonstrated ability to mentor engineers, influence technical direction, and contribute to engineering standards and best practices across an organization.
  • Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.
Responsibilities
  • Design and evolve low-latency, highly resilient network architecture across global data center, co-location, and cloud-connected environments, with a focus 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 deep technical research, lab validation, and pre-implementation testing for major network initiatives, working closely with engineering and software development teams to evaluate hardware capabilities, identify design constraints, and optimize exchange performance based on findings.
  • Lead high-complexity strategic projects from design through execution, producing detailed technical designs, migration runbooks, capacity plans, and implementation guidance for large-scale network changes.
  • Develop and maintain Python-based network automation to support configuration management, change validation, testing, and operational efficiency, with direct experience using both API-driven and SSH-based automation approaches.
  • Partner across infrastructure, security, application, and business teams to align network design and delivery with technical requirements, operational goals, and broader organizational priorities, including support for budgeting and planning related to network hardware and software investments.
  • Serve as a senior technical leader and mentor across the engineering organization, driving architecture reviews, design standards, knowledge sharing, and technical development for other engineers.
  • Operate effectively in a fast-moving, dynamic environment where priorities can shift, balancing long-term architectural direction with immediate engineering and operational needs.
  • Contribute to monitoring and telemetry strategy by helping define meaningful visibility requirements and supporting the use of tools such as Prometheus, Grafana, or similar platforms where they improve operational insight and troubleshooting.
  • Support the development of technical standards, design documentation, and regulatory or audit-facing materials when needed, including documentation that may be used to support SEC or other regulatory review processes.
Desired Qualifications
  • Experience contributing to technical documentation, design standards, or materials supporting regulatory or audit processes is a plus.
  • Cisco CCIE (Routing & Switching or Data Center) or near-equivalent experience.
  • AWS Advanced Networking Specialty or similar.
  • Arista, Juniper, or other advanced vendor certifications.

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

  • July 31, 2026 Q2 revenue hit $731.6 million, up 24.6%.
  • July 2026 extended-hours single-stock options captured Nvidia, Tesla, Apple, and peers.
  • June 2026 options volumes surged; multi-listed options averaged 16.6 million contracts daily.

What critics are saying

  • SEC fee caps and market-structure reforms squeeze exchange economics by November 2027.
  • Cboe's SPX concentration makes one franchise drive growth, margins, and valuation.
  • Predictions, extended hours, and clearing invite Nasdaq, ICE, and CME retaliation quickly.

What makes Cboe unique

  • Cboe owns SPX, VIX, and XSP, the deepest U.S. volatility franchise.
  • June 2026 Cboe Predicts extends its options stack into prediction markets.
  • Cboe Clear Europe and Cboe Clear US widen clearing, lending, and around-the-clock access.

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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

10%

1 year growth

10%

2 year growth

10%
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.

Yahoo Finance
Jul 30th, 2026
Is Cboe (CBOE) Using Its Expanded Credit Facility To Quietly Reposition Its Clearing Strategy?

Cboe Global Markets recently entered into a Third Amended and Restated Credit Agreement, securing a senior unsecured US$400 million five-year revolving credit facility, expandable to US$600 million and maturing on July 24, 2031, with interest rates tied to public debt ratings and key benchmark reference rates. The updated facility not only refreshes legal terms but also adds flexibility in covenants and permissions to better support Cboe’s clearing activities and potential subsidiary...

Yahoo Finance
Jul 13th, 2026
Cboe to launch extended hours for single-stock options as volatility drives record Q1 revenue up 29%

Cboe Global Markets plans to launch extended trading hours for single-stock options on select mega-cap stocks, including the Magnificent Seven (Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla). Trading will begin at 7:30 EDT, two hours before major indexes open, and run until 4:15 EDT. The move benefits Cboe, which generates most revenue from trading fees. The company thrives on volatility — its Constituent Volatility Index (VIXEQ) hit 50 in Q1, amongst the highest levels in five years. Cboe reported record Q1 results, with revenue up 29% and earnings up 54% year-over-year. Options revenue increased 33% on a 10% rise in average daily volume. The stock reached an all-time high of $366 per share on 13 May but has since fallen to $265, up 5% year-to-date.