Cboe Expands Data Vantage Sales Team to Strengthen Asia Pacific Presence
Rhea-AI Summary
Cboe Global Markets (CBOE) has expanded its Data Vantage business in Asia Pacific with two key appointments: Junichi Nakagawa and Samuel Zou as Sales Directors. Nakagawa will focus on market data sales in Japan, while Zou will lead analytics and indices businesses from Singapore.
The expansion reflects strong international demand, with 55% of Data Vantage's new data sales in Q1 2025 coming from outside the U.S. The company has also received regulatory approval to sell market data in China. Cboe operates 27 markets across five asset classes globally and plans to offer 24x5 trading in U.S. equities, pending regulatory approvals. The company's data is available through Cboe Global Cloud and recently launched on Snowflake Marketplace, reducing infrastructure costs for international investors.
Positive
- 55% of Data Vantage's new data sales in Q1 2025 originated from non-U.S. clients, showing strong international growth
- Received regulatory approval to sell market data in China, expanding market reach
- Plans to offer 24x5 trading in U.S. equities, enhancing global market access
- Strategic expansion into Asia Pacific markets through key senior hires
Negative
- None.
News Market Reaction – CBOE
In the trading session that priced this news, CBOE declined 3.11%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Junichi Nakagawa and Samuel Zou appointed Sales Directors for Cboe Data Vantage in
Asia Pacific - Hires reflect growing demand for data, analytics and related services in the region, facilitating access to
U.S. and European markets - Expansion supports Cboe's ongoing global growth strategy for Data Vantage
Cboe operates 27 markets across five asset classes in the
During Q1 2025,
"We continue to see strong demand from
To help meet international demand, market data from Cboe's
In addition, to support increasing demand for expanded access to
"Increasing global access to our data benefits not only our Data Vantage business but also strengthens our trading ecosystem, as we often observe rising data consumption ahead of the implementation of new trading strategies," Inzirillo added.
Mr. Nakagawa joins Cboe from Nasdaq, where he was responsible for market data sales in
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
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Cautionary Statements Regarding Forward-Looking Information
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.
We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: 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 or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; 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 minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; 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 our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; 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; 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; the accuracy of our estimates and expectations; and litigation risks and other liabilities. 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, 2024 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.
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SOURCE Cboe Global Markets, Inc.