In other news, we feature the new executives of Riskalyze, the new fintech opening of CFTC and the new COO of TS Imagine.
Cboe to send data and analytics to the cloud
Exchange firm Cboe Global Markets reports that it is moving its enterprise data and analytics from on-premises systems to the cloud via Snowflake’s Data Cloud.
Cboe officials say they are making the change to bring “speed, scalability and efficiency” to Cboe’s handling of internal and proprietary data and analytics.
The snowflake data cloud The platform will help Cboe apply additional aggregation and exploration tools to “existing datasets,” according to officials. “Ultimately, this should improve Cboe’s capabilities in how it can analyze data and derive rapid insights to provide insights both internally and for customers.”
“Cboe will leverage Snowflake to accelerate our cloud migration journey,” said Eileen Smith, senior vice president, data and analytics, Cboe Global Markets, in a prepared statement. Snowflake will also help Cboe share data and analytical insights with its customers.
“Cboe also plans to use Snowflake as a security data lake to unify data for effective detection and response and other cybersecurity use cases,” the officials say. “Additionally, the migration to the Snowflake Data Cloud provides Cboe with the opportunity to potentially create new data products and services.”
Cboe’s engagement with Snowflake is part of an ongoing global cloud strategy.
“In November 2021, as part of a separate initiative, Cboe launched Cboe Global Cloud, a new real-time cloud-based market data streaming service that aims to optimize the efficiency and delivery of market services. Cboe data for market players globally,” officials add.
Riskalyze appoints three leaders
Riskalyze, a provider of investment risk analysis software as a service (SaaS), reports that it has made two new hires and elevated a longtime employee to a new position within the company.
The three are Craig Clark who will be the first chief marketing officer (CMO) of the supplier, Josh Grey, who will be chief technology officer (CTO), and Justin Boatmana Riskalyze veteran, who has been named chief product officer, according to officials.
The new appointments “follow an investment from Hg Capital…which partnered with the company’s management team to recapitalize the business last fall, enabling Riskalyze to accelerate its investment in serving advisors and wealth management businesses with risk, portfolio analytics, proposals, trading and compliance solutions,” the provider said in a prepared statement.
Prior to joining Riskalyze, Clark was CMO at PDFTron Systems Inc., which was acquired by Thoma Bravo.
Boatman, who has spent nearly seven years at the intersection of “product meets market” for Riskalyze, will be tasked with fulfilling a “mandate to innovate and execute the company’s product vision,” according to the release.
CFTC Chairman Revamps FinTech Awareness
Chairman of the Commodity Futures Trading Committee Rostin Behnam reports a “reorganization of FinTech and client protection efforts”, as well as “changes in key roles as the agency evolves to meet changing markets and market demographics” .
The Office of Technology Innovation (OTI), formerly LabCFTC, will be led by Jorge Herradawho was named its director, according to officials.
In addition, Jason SomensattoFinTech specialist, will join the office of the president, as well as the legal adviser David Felsental. Somensatto will also continue in his position at OTI, according to the statement.
Due to an “unprecedented increase in retail futures, options and digital asset trading”, the Office of Customer Education and Outreach (OCEO) within the Office of Public Affairs, will be “realigned”, so that Steve Adamskethe director of the public affairs office, will also become acting director of the OCEO, according to officials.
Additional staff will be appointed at a later date, the statement added. —L.Ch
TS Imagine chooses a general manager
TS Imagine, specialist in “trading, portfolio and risk management solutions for capital markets”, has appointed Thomas Bodensky be its chief operating officer (COO), officials say. He will be based in New York.
Bodenski’s tenure includes leading “the company’s business operations through TS Imagine’s integrated real-time trading, portfolio and risk solutions,” according to a statement.
Previously, Bodenski was TS Imagine’s Chief Transformation and Data Officer, the vendor adds.
TS Imagine also highlights its more than 400 employees “in 10 offices around the world, serving approximately 500 buy-side and sell-side institutions in North and South America, EMEA and Asia-Pacific, including hedge funds, traditional asset managers, pension funds, mutual funds and financial institutions. —L.Ch