Cboe Congratulates Michael Selig on Confirmation as CFTC Chairman

Cboe (CBOE) congratulated Michael Selig on his Senate confirmation as Chairman of the Commodity Futures Trading Commission on December 19, 2025.

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.

Argus Dec 19 session

-0.56% close to close Open Argus

Details

News Market Reaction – CBOE

In the Dec 19 session, CBOE declined 0.56%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

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.

Historical Context

5 past events · Latest: Dec 10

5 events

1. Dec 10

   Earnings date set

   24h Move

   +0.8%

   Announced timing of Q4 2025 earnings release and conference call.

2. Dec 03

   Volume update

   24h Move

   +0.4%

   Reported November trading volumes with multiple YoY gains and records.

3. Dec 02

   Product hours expansion

   24h Move

   -0.2%

   Planned near 24-hour trading for Russell 2000 options from Feb 2026.

4. Dec 02

   Conference appearance

   24h Move

   -0.2%

   Announced participation in Goldman Sachs Financial Services Conference.

5. Nov 18

   New index products

   24h Move

   +0.5%

   Announced launch of Magnificent 10 Index futures and options.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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.

View in glossary

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. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.