In other news, we feature Riskalyze’s new execs, CFTC’s new fintech overture & TS Imagine’s new COO.
Cboe to Send Data & Analytics to the Cloud
Exchanges company Cboe Global Markets reports that it is moving its corporate data and analytics from onsite systems to the cloud via Snowflake’s Data Cloud.
Cboe officials say that they are making the change to bring “speed, scalability, and efficiency” to Cboe’s management of internal, proprietary data and analytics.
The Snowflake Data Cloud platform will help Cboe apply additional aggregation and mining tools to “existing data sets,” officials say. “Ultimately, this is expected to improve Cboe’s capabilities in the ways it can analyze data and derive rapid analytics to provide intelligence both internally and for customers.”
“Cboe will leverage Snowflake to accelerate our cloud migration journey,” says Eileen Smith, senior vice president, data and analytics, Cboe Global Markets, in a prepared statement. Snowflake will also help Cboe share data and analytical insights with its customers.
“Cboe also plans to utilize Snowflake as a security data lake to unify data for efficient detection and response and other cybersecurity use cases,” officials say. “Additionally, the migration to Snowflake’s Data Cloud creates the opportunity for Cboe to potentially create new data products and services.”
Cboe’s engagement with Snowflake is part of an ongoing global cloud strategy.
“In November 2021, in a separate initiative, Cboe launched 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,” officials add.
Riskalyze Appoints Three Executives
Craig Clark
Riskalyze, a software-as-a-service (SaaS) provider of investment risk analysis, reports that it has made two new hires and elevated a long-time employee to a new post at the company.
The three are Craig Clark who will be the vendor’s first chief marketing officer (CMO), Josh Gray, who will be chief technology officer (CTO), and Justin Boatman, a Riskalyze veteran, who has been named chief product officer, officials say.
Josh Gray
The new appointments “come on the heels of an investment by Hg Capital … which partnered with the company’s management team to recapitalize the firm last fall, enabling Riskalyze to accelerate its investment in serving advisors and wealth management enterprises with risk, portfolio analytics, proposal, trading, and compliance solutions,” the vendor says in a prepared statement.
Justin Boatman
Prior to joining Riskalyze, Clark was the CMO at PDFTron Systems Inc., which was acquired by Thoma Bravo.
Boatman, who has spent nearly seven years at the intersection of “product meets market” for Riskalyze, will be tasked with achieving a “mandate to innovate and execute on the company’s product vision,” per the statement.
— L.Ch
CFTC Chair Revamps FinTech Outreach
Rostin Behnam
Commodity Futures Trading Commission Chairman Rostin Behnam reports a “reorganization of FinTech and customer protection efforts,” as well as “changes at key roles as the agency evolves to address changing markets and market demographics.”
The Office of Technology Innovation (OTI), formerly LabCFTC, will be headed by Jorge Herrada, who has been named its director, officials say.
In addition, Jason Somensatto, a FinTech specialist, will join the chairman’s office, as will legal advisor David Felsenthal. Somensatto also will continue at his post in OTI, per the statement.
Because of an “unprecedented rise in retail futures, options and digital asset trading,” the Office of Customer Education and Outreach (OCEO) within the Office of Public Affairs, will be “realigned,” so that Steve Adamske, the director of the office of public affairs, also will become interim director of OCEO, officials say.
Additional personnel will be named at a later date, the statement adds. — L.Ch
TS Imagine Picks a Chief Operating Officer
Thomas Bodenski
TS Imagine, which specializes in “trading, portfolio, and risk management solutions for capital markets,” has appointed Thomas Bodenski to be its chief operating officer (COO), officials say. He will be based in New York.
Bodenski’s mandate includes heading “the firm’s business operations across TS Imagine’s integrated trading, portfolio, and real-time risk solutions,” according to a statement.
Previously, Bodenski was TS Imagine’s chief transformation and data officer, the vendor adds.
TS Imagine also spotlights its more than 400 employees “in 10 offices worldwide, serving approximately 500 buy-side and sell-side institutions in North and South America, EMEA, and Asia-Pacific, including hedge funds, traditional asset managers, pension funds, mutual funds, and financial institutions.” — L.Ch
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