CHICAGO, Sept. 9, 2021 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), a leading provider of global market
infrastructure and tradable products, today announced that its
Chairman, President and CEO Ed Tilly
has been appointed Chairman of the World of Federation of Exchanges
(WFE), the global industry group for exchanges and clearinghouses
(CCPs) around the world. Mr. Tilly was previously Vice Chairman of
the WFE from 2018 to 2021 and began serving a two-year term as
Chairman of the WFE on September 9.
![Ed Tilly, Chairman, President and CEO of Cboe Global Markets Ed Tilly, Chairman, President and CEO of Cboe Global Markets](https://mma.prnewswire.com/media/1611581/CBOE_HOLDINGS_EDWARD_T__TILLY.jpg)
As Chairman of the WFE, Mr. Tilly will work with WFE CEO
Nandini Sukumar and its board and
members to advance the organization's mission to foster
well-functioning capital markets, reinforce systemic stability,
support developing markets and educate on the role exchanges and
clearinghouses play in the global economy. Additionally, together
with its members, the WFE creates and agrees on best practices and
standards for the industry. Mr. Tilly was elected Chairman by the
WFE membership during its 60th Annual Meeting, hosted by
the Shenzhen Stock Exchange, which was held virtually
today.
"I am deeply honored to have the privilege to serve as the new
Chairman of the WFE," said Ed Tilly,
Chairman, President and CEO of Cboe Global Markets. "Cboe has been
a longstanding member of the WFE and shares a common vision for
promoting markets that serve all investors. I look forward to
working even more closely with Nandini and the WFE board and its
members as a collective force to ensure the integrity of global
markets, advocate for smart and efficient regulation, support
measures that facilitate global capital flow, drive the transition
towards an inclusive and sustainable economy, and speak as one
clear and powerful voice for our industry."
Nandini Sukumar, CEO of the WFE,
said: "We are pleased to welcome Ed as Chairman of the WFE. Ed
brings many years of industry experience and a passion and
commitment to our mission, and we look forward to furthering our
progress under his chairmanship. We would like to also express
immense gratitude to Dr. Urs Rüegsegger, the outgoing chairman,
who has been a great champion of our industry and of the WFE. He
has been instrumental in making us the voice of the industry.
Exchanges and CCPs will continue to play a vital role in fostering
a sustainable financial system and in ensuring the integrity and
stability of our markets. As market infrastructure continues to
evolve globally, the WFE remains committed to its mission of
maintaining resilient, open and interconnected markets across the
world."
Dr. Urs Rüegsegger, Chairman of SIX Swiss Exchange and outgoing
Chairman of the WFE, said: "I have enjoyed working with Ed during
our tenures at the WFE and wish him the best of luck as he takes
the helm as Chairman. I have no doubt that he and Nandini will
continue to successfully guide the WFE board in its work to further
promote the development of well-regulated and transparent markets,
serve its members, and position the WFE as the world's most
important advocacy group for exchanges and CCPs globally."
The WFE represents more than 250 market-infrastructures ranging
from those that operate the largest financial centers to those that
run frontier markets. Of its members, 37 percent are spread across
the Asia-Pacific region, 43
percent in Europe, Middle East and Africa, and 20 percent are the Americas.
Members include over 50 distinct CCP clearing services, among them
stand-alone CCPs. WFE exchanges are home to 47,919 listed
companies, and the market capitalization of these entities is over
$109 trillion.
Mr. Tilly will draw on his 30 years of experience as an integral
member of the Cboe community to serve the WFE. Prior to being named
CEO in 2013, Mr. Tilly was Cboe President and Chief Operating
Officer, served as Cboe Executive Vice Chairman and as Cboe's
Member Vice Chairman – the highest member-elected position at the
Exchange. He started as a trading floor clerk in 1987, eventually
trading as both a market-maker and a designated primary
market-maker (DPM) until joining Cboe's executive management team
in 2006.
As Chairman, President and CEO of Cboe, Mr. Tilly has guided the
company in expanding its role as a market leader in providing
cutting-edge trading and investment solutions to investors
worldwide. As a result of his leadership, Cboe offers trading
across a diverse range of products in multiple asset classes and
geographies. Most recently, the company expanded its global
footprint with the acquisitions of MATCHNow in Canada and Chi-X Asia Pacific, as well as with
the launch of its Cboe Europe Derivatives exchange. In November,
the company plans to expand global trading hours for its S&P
500 Index (SPX) and Cboe Volatility Index® (VIX®) options to nearly
24 hours a day, five days per week, subject to regulatory
review.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities, derivatives
and FX, across North America,
Europe and Asia Pacific. To learn more, visit
www.cboe.com.
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+1-646-856-8734
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+44 (0)
7593-506-719
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+1-312-786-7559
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atu@cboe.com
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tcave@cboe.com
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CBOE-C
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SOURCE Cboe Global Markets, Inc.