John Lothian News interviewed Ed Tilly, chairman, president and chief executive officer of Cboe Global Markets, at FIA Expo last week following a panel with other U.S. exchange leaders. Cboe is expanding across all geographies and asset classes, and its vision for global growth is providing access to all of its customers, Tilly said in the video interview.
“We want to move into geographies that allow for competition, transparency and access for all,” he added.
The exchange is trying to listen to investors, particularly retail investors. New retail investors are looking at the markets differently from “old retail” people like him, Tilly said. But what is the same is that whenever Cboe offers something new for investors, the exchange operator looks at education, awareness and suitability.
Tilly mentioned the exchange’s new Nanos S&P 500 contract, which it plans to launch in 1Q 2022, targeted specifically at new investors, and the Cboe’s recent acquisition of ErisX and how that is unfolding.
He said the exchange is looking into different aspects of ESG, including working with S&P and MSCI on products that will allow investors to really focus on their ESG investments.