Cboe Will Target Data Analytics as Next Growth Initiative

More than two years since the effort was first proposed, Cboe is ready to flip the switch and finalize the migration of C1, its largest options market, to more advanced trading technology on Oct. 7. According to a story in Market Voice, Cboe officials say this migration will bring dramatic improvements in the performance of C1, which will continue to support both open outcry trading on the Cboe floor and fully electronic trading. Now Cboe's tech team is lining up another major modernization effort: the development of a new data analytics platform. The plan is to extract more data from the new trading platform to spark the development of new products and deliver new trading ideas for its customers. Production tests of the new C1 platform have been completed and member test opportunities are drawing to a close in advance of the October go-live date. The pending changeover to the new technology, which Cboe acquired through its merger with BATS in 2017, has already been completed for two other exchanges within the Cboe group: the C2 exchange, Cboe's all-electronic options market, and the Cboe Futures Exchange, the home of its VIX futures. This is the last phase of the migration, and once completed all of Cboe's markets will be running on the same technology platform.