Cboe’s Empowerment Program is the theme of ”John’s Take”

John’s Take

Cboe’s Empowerment Program is the theme of ”John’s Take”

John's Take Script

This is John Lothian for The Spread with John’s Take

The more I see Ed Tilly operate in his role as executive chairman and CEO of Cboe Global Markets, the more I appreciate what a good job his predecessor Bill Brodsky did not only in grooming him for his corporate role, but in passing on the baton of Chicago financial markets civic leadership. For me, Bill epitomized the great Chicago civic and market leaders that founded and led the institutions that make Chicago a great city.

Tilly has continued that tradition through his individual civic and nonprofit leadership and broadened it through the entire Cboe organization (5) with initiatives like Cboe Empowers. This community engagement initiative (6) announced in June includes a program that builds on Cboe’s years of community engagement, including 20 years of Cboe associates tutoring over 600 students at the John B. Drake Elementary School. But this is not just about Chicago, Cboe has plans to expand it beyond its home city. 

The Cboe’s Empowers Scholarship program has a January 31 deadline approaching for applications for five full-ride scholarships to four-year universities for African-American and Latinx students from neighborhoods on Chicago’s South or West sides, so I interviewed Kelli Haywood, Cboe’s community impact manager. I asked her to introduce herself and tell us about Cboe Empowers.

From Audio: This is a fantastic opportunity for some young people who would value the welcoming hand and the support and mentoring of a great organization like the Cboe. I hope the message of these scholarships is spread far and wide, demand is great, and Mr. Tilly and Cboe do even bigger things in the years to come as a result of the success they achieve and track with these first five scholarships. 

This has been John Lothian for The Spread.

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Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership

Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership

A long-standing certified class-action lawsuit against CME Group, filed by members of the Chicago Board of Trade and Chicago Mercantile Exchange, poses a potential threat to the exchange group’s membership market. A mediated settlement, encouraged by the judge, could reshape how trading rights are offered at the exchange and potentially benefit a class of shareholders, whose B-shares have declined while A-share values rose.

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