Cboe Congratulates Michael Selig on Confirmation as CFTC Chairman

Rhea-AI Summary

Cboe (CBOE) congratulated Michael Selig on his Senate confirmation as Chairman of the Commodity Futures Trading Commission on December 19, 2025. Cboe's CEO Craig Donohue praised Selig's market experience and "thoughtful, balanced approach to regulation" and said the company looks forward to working with the CFTC to "strengthen market resilience, enhance the investor experience, and uphold the integrity of U.S. derivatives markets."

The statement also thanked Acting Chairman Caroline Pham for her leadership and wished her success in future endeavors.

News Market Reaction

-0.56%

1 alert

-0.56% News Effect

On the day this news was published, CBOE declined 0.56%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $275.28 Vol: Volume 712,283 vs 20-day ...

normal vol

$275.28 Last Close

Volume Volume 712,283 vs 20-day average 722,789 (relative volume 0.99). normal

Technical Price 248.67 is above 200-day MA 234.83 and 5.44% below 52-week high 262.9799.

Peers on Argus

Peers showed mixed moves: TRU +0.68%, NDAQ +0.65%, MSCI -0.14%, MORN -2.51%, FDS...

Peers showed mixed moves: TRU +0.68%, NDAQ +0.65%, MSCI -0.14%, MORN -2.51%, FDS -9.68%, indicating no clear sector-wide direction relative to CBOE’s -1.42% move.

Historical Context

5 past events · Latest: Dec 10 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Earnings date set	Neutral	+0.8%	Announced timing of Q4 2025 earnings release and conference call.
Dec 03	Volume update	Positive	+0.4%	Reported November trading volumes with multiple YoY gains and records.
Dec 02	Product hours expansion	Positive	-0.2%	Planned near 24-hour trading for Russell 2000 options from Feb 2026.
Dec 02	Conference appearance	Neutral	-0.2%	Announced participation in Goldman Sachs Financial Services Conference.
Nov 18	New index products	Positive	+0.5%	Announced launch of Magnificent 10 Index futures and options.

Pattern Detected

Recent operational and product updates tended to see modest price reactions, with most positive or neutral news aligning with small upside moves and one divergence on a positive expansion announcement.

Recent Company History

Over the past months, Cboe highlighted several operational milestones, including record trading volumes in November 2025 and the planned launch of Magnificent 10 Index futures and options on December 8, 2025. It also announced near 24-hour trading for Russell 2000 options starting February 9, 2026, and set the date for its Q4 2025 earnings release on February 6, 2026. These developments, alongside conference participation, frame today’s statement as part of an ongoing focus on market structure, products, and regulatory relationships.

Market Pulse Summary

This announcement focuses on Cboe’s response to the confirmation of a new CFTC Chairman, underscorin...

Analysis

This announcement focuses on Cboe’s response to the confirmation of a new CFTC Chairman, underscoring the importance of regulatory relationships for derivatives and securities exchanges. It highlights collaboration with the regulator to support resilient markets and the integrity of U.S. derivatives trading. In context of recent product launches, trading volume records, and scheduled earnings, investors may watch how regulatory priorities evolve and interact with Cboe’s expanding product set and global trading hours.

Key Terms

commodity futures trading commission, cftc, derivatives, securities exchange

4 terms

commodity futures trading commission regulatory

"confirmation of Michael Selig as Chairman of the Commodity Futures Trading Commission"

A U.S. federal agency that oversees trading in futures, options and swap contracts—agreements to buy or sell assets at a later date. It writes and enforces rules, monitors markets for fraud and manipulation, and requires reporting so prices reflect real supply and demand. Think of it as a referee and rulebook keeper for complex financial markets: its oversight helps investors trust market prices and reduces the risk of abrupt disruptions.

cftc regulatory

"confirmation as Chairman of the Commodity Futures Trading Commission (CFTC)"

The CFTC is the U.S. government agency that oversees trading in futures, options and swaps — financial contracts that let people bet on or hedge future prices of commodities, interest rates and other assets. Think of it as a market referee and safety inspector: it sets rules, monitors trading for fraud or manipulation, and enforces penalties, which matters to investors because its actions influence market fairness, transparency, and systemic risk.

derivatives financial

"as the derivatives markets continue to evolve at a rapid pace"

Derivatives are financial contracts whose value depends on the price or performance of another asset, such as a stock, bond, commodity, currency or interest rate. Investors use them to hedge against risk, to speculate on future price moves, or to gain exposure without owning the asset — like buying insurance or placing a leveraged bet — so they can both protect portfolios and magnify gains or losses, affecting risk and market liquidity.

securities exchange financial

"the world's leading derivatives and securities exchange network"

A securities exchange is a regulated marketplace where buyers and sellers trade stocks, bonds and other financial instruments; it acts like an organized auction house that matches orders, shows prices and enforces rules so transactions are fair and visible. For investors it matters because exchanges provide liquidity (the ability to buy or sell quickly), transparent price discovery and oversight that reduce fraud and help determine the market value of holdings.

AI-generated analysis. Not financial advice.

CHICAGO, Dec. 19, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today issued the following statement in response to the Senate confirmation of Michael Selig as Chairman of the Commodity Futures Trading Commission (CFTC):

"On behalf of Cboe, we congratulate Michael Selig on his confirmation as Chairman of the CFTC," said Craig Donohue, CEO of Cboe Global Markets. "He brings deep experience across financial markets and a thoughtful, balanced approach to regulation that will be essential as the derivatives markets continue to evolve at a rapid pace. We look forward to working closely with the CFTC to further strengthen the resilience of our markets, enhance the investor experience, and uphold the principles that have long defined the strength and integrity of U.S. derivatives markets."

"We also thank Acting Chairman Caroline Pham for her leadership and service to the agency, and wish her continued success in her future endeavors."

About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more, visit www.cboe.com.

Cboe Media Contacts			Cboe Analyst Contact
Angela Tu	Tim Cave			Kenneth Hill, CFA
+1-646-856-8734	+44 (0) 7593-506-719			+1-312-786-7559
atu@cboe.com	tcave@cboe.com			khill@cboe.com

Cboe^®, Cboe Global Markets^®, CFE^®, and Cboe Futures Exchange^® are registered trademarks or service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.

FAQ

What did Cboe (CBOE) announce about Michael Selig's CFTC confirmation on December 19, 2025?

Cboe congratulated Michael Selig on his confirmation as CFTC Chairman and said it looks forward to working with the commission.

How did Cboe (CBOE) describe Michael Selig's approach to regulation after his confirmation?

Cboe described Selig as bringing "deep experience" and a "thoughtful, balanced approach to regulation."

Will Cboe (CBOE) work with the CFTC under Chairman Michael Selig?

Yes. Cboe said it looks forward to working closely with the CFTC to strengthen market resilience and enhance the investor experience.

What did Cboe (CBOE) say about Acting Chairman Caroline Pham in its December 19, 2025 statement?

Cboe thanked Acting Chairman Caroline Pham for her leadership and wished her continued success in her future endeavors.

Does the Cboe (CBOE) statement on December 19, 2025 include any financial guidance or market action?

No. The statement is a congratulatory comment and contains no earnings, guidance, or transaction details.