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Cboe Adds Three Executives to Its Markets Division Ahead of Ethereum Futures

Ahead of the New Year, Cboe Global Markets announced the addition of three new Executives to its Markets division. The company is looking to launch Ethereum futures before the end of 2018.

For the role of Senior Vice President, Head of Options and Business Development, Cboe Global Markets chose Arianne Criqui, a veteran of the options and futures industries who came from Goldman Sachs. Prior to the investment bank, she held executive sales positions at Capstone Investment Advisors and Merrill Lynch.

Robert Hocking was appointed Senior Vice President, Head of Derivatives Strategy, a long-time derivatives industry professional who has been a member of Cboe Options Exchange for almost 20 years and most recently served as Global Head of Equity Volatility Trading at DRW Trading Group. He has also worked at Goldman Sachs.

Cboe Global Markets decided to promote Matthew McFarland to Vice President, Head of Futures, Cboe Futures Exchange (CFE), in order to lead the company’s options and futures business lines. McFarland comes from the giant JP Morgan, where he spent 10 years in equity derivative sales.

Bryan Harkins, Executive Vice President, Co-Head Markets Division at Cboe Global Markets, said:

“We are thrilled to welcome Arianne and Rob, two exceptional, long-time derivatives industry professionals with a wealth of experience,to our team. We are also pleased to recognize Matt, a veteran of Cboe, for the significant impact he continues to make in leading our futures business. We are confident that Rob’s strategic vision, combined with Arianne and Matt’s leadership of our options and futures business lines respectively, will drive even greater growth in our derivatives franchise.

Andy Lowenthal, Executive Vice President, Co-Head Markets Division at Cboe Global Markets, commented:

“Arianne, Rob and Matt are veterans of the options and futures industries and bring to Cboe not only a deep understanding of our products and markets, but proven track records in growing business and building customer networks. We believe their appointments to key leadership roles at Cboe optimizes the alignment of our team resources with the needs of our customers and will further accelerate the growth of our vibrant derivatives product line.”

After having successfully launched Bitcoin futures in 2017, CBOE Global Markets is about to list Ethereum Futures before the end of 2018, pending regulatory approval from the CFTC. The cryptocurrency market has faced a downturn this year and prices have plunged in November, with Bitcoin and Ethereum trading below $4,000 and $100, respectively. The launch of Ethereum futures could trigger an influx of institutional capital and push its prices higher.