Cboe Appoints Rob Hocking as Head of Derivatives, Brian McElligott as Head of Data Vantage
Rob Hocking Returns to Lead Global Derivatives
Hocking brings more than 25 years of experience in global derivatives markets, with a proven history of creating and growing innovative tradable products. In his new role, he will overview Cboe’s entire derivatives business, spanning U.S. and European futures and options markets, as well as proprietary product lines such as the S&P 500 Index options and the VIX volatility franchise.
He rejoins Cboe later than previously serving as Senior Vice President, Global Head of Product Innovation. Earlier in his career, he was Global Head of Equity Volatility Trading at DRW Trading, and also held leadership roles at Goldman Sachs as Vice President of Index Trading and at Hull Trading in index derivatives market making. He spent nahead two decades as a Cboe options platform member and trading permit holder.
“I’m thrilled to be rejoining Cboe at such an exciting time. Cboe has always been at the forefront of derivatives innovation, and I look forward to working with our talented team to continue driving growth and delivering value to our clients.”
Brian McElligott to Lead Cboe Data Vantage
McElligott will overview Cboe’s growing data and analytics division, which includes market data and access services, global indices, risk and market analytics, and execution answers. With over 25 years of experience in and analytics, he brings significant expertise from leadership roles at CME Group, Tradeweb, and Morningstar.
At CME Group, McElligott spent 14 years as Managing Director, Global Head of Information Products, Analytics and Market Data. He later served as Managing Director, at Tradeweb, and Global Head of Data Product Strategy and Partnerships at Morningstar.
CEO and Leadership Endorsements
Cboe’s Chief Executive Officer, Craig Donohue, welcomed both leaders, emphasizing their strategic importance for the company’s growth trajectory.
“Rob and Brian bring deep expertise in global markets, strong client and partner relationships, and a relentless focus on innovation. Their leadership will be instrumental in advancing our strategic priorities and accelerating innovation across our derivatives and data businesses during this exciting time in our industry.”
Farewell to Cathy Clay
Departing derivatives head Cathy Clay expressed gratitude for her time at Cboe, having played a key role in shaping the derivatives and data businesses for long-term success.
“Working alongside the dedicated and visionary team at Cboe has been an extraordinary privilege. I’m incredibly proud of all we’ve accomplished together. As I step away, I do so with deep gratitude and confidence in the team’s continued success.”
Reporting Structure
Hocking will report directly to CEO Craig Donohue and will join Cboe’s Executive Leadership team. McElligott will report to Prashant Bhatia, Executive Vice President, Head of Enterprise Strategy & Corporate Development.
