Cboe to Distribute Real-Time Data via AWS with Cboe Global Cloud
- In collaboration with Amazon Web Services (AWS), Cboe will launch a new real-time, cloud-based market data streaming service
- Cboe Global Cloud aims to broaden access to Cboe data, while delivering efficiencies for customers
- Real-time Cboe data will be directly accessible through AWS from multiple locations globally
CHICAGO, Oct. 27, 2021 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the company is using Amazon Web Services, Inc. (AWS) to power Cboe Global Cloud – a new real-time, cloud-based market data streaming service that aims to optimize the efficiency and delivery of Cboe's data services for market participants globally, beginning November 1, 2021.
Cboe Global Cloud is designed to mitigate industry pain points common with traditional methods of market data access, which typically require physical connectivity to multiple separate and distinct platforms. The new service aims to reduce those inefficiencies by enabling customers to directly access real-time Cboe data through AWS Cloud from multiple locations around the world with as little as an internet connection. In addition, the service will bring Cboe's wide array of data products together onto a unified platform, providing customers a simple and efficient way to receive a variety of real-time data via a single access point.
"We are excited to collaborate with Amazon Web Services to expand connectivity and real-time data delivery options for our customers," said Catherine Clay, Executive Vice President and Global Head of Data and Access Solutions at Cboe Global Markets. "We believe Cboe Global Cloud will provide an efficient, agile way for market participants globally to directly access the real-time data that they need to power their applications and better inform their risk management and trading decisions. We look forward to delivering significant value to our customers through this new service."
With the launch of the new service, Cboe will further execute on its strategy to grow its global data and analytics business through diversifying its products, services and technology offerings on a global scale. Significantly, Cboe Global Cloud is expected to help further extend Cboe's data to new users and geographies – an important step towards broadening investor access globally to Cboe's proprietary content, market data and access solutions.
Cboe Global Cloud will initially provide access to Cboe U.S. Equities Exchange data, Cboe Futures Exchange (CFE) data and Cboe Streaming Market Indices (CSMI) data. The data will be made available through AWS in three key regions to start: U.S., UK and Hong Kong. Following the November launch, Cboe plans to introduce additional content, market data, and analytics across asset classes – including Equities, Options, Futures, FX and Indices – based on customer demand.
Cboe expects to eventually bring together pan-European, Canadian, Japanese, and Australian equities market data via Cboe Global Cloud to provide unparalleled access and coverage to global equities across 22 countries, as well as further expand data distribution into other geographies. Cboe Global Cloud delivers data via Amazon Managed Streaming for Apache Kafka (Amazon MSK), making it easier for customers to subscribe to Kafka topics from anywhere.
"AWS is pleased to collaborate with Cboe to further enhance its distribution capabilities and meet its clients' needs," said Scott Mullins, Managing Director of Financial Services at Amazon Web Services, Inc. "As Cboe continues to grow its data and analytics business and build out a differentiated global market data offering, we look forward to providing them with world-class secure, reliable and flexible cloud services to power data delivery and serve their growing global client base."
Cboe market data offered through Cboe Global Cloud is designed to be delivered with tick-by-tick level granularity, built-in redundancy and global availability. Cboe Global Cloud does not require any cloud account or presence, as customers can be running on-premises systems in a local data center or within another infrastructure provider's environment. To learn more about Cboe Global Cloud, visit Cboe's website.
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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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.
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Some factors that could cause actual results to differ include: the impact of the novel coronavirus ("COVID-19") pandemic, including changes to trading behavior broadly in the market; the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indices and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel; our ability to minimize the risks, including our credit and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2020 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
SOURCE Cboe Global Markets, Inc.
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