Trusted Solutions from Market Innovators
Cboe Labs is a cutting-edge innovation hub that brings together financial market professionals and academic experts to create solutions for real-world problems. As a comprehensive incubator, Cboe Labs provides a supportive environment for nurturing and developing new ideas, with a dedicated team of innovators and the backing of a leading financial market operator. Whether you have a fully-formed solution or simply a problem in need of a fix, Cboe Labs is dedicated to helping bring your vision to life, while protecting your intellectual property every step of the way.
Ideas Realized, Problems Solved
Protect Your Idea, See It Come to Life
Unlike other corporate labs focused on internal projects, Cboe Labs is a resource for all. Our solutions undergo a rigorous vetting process, which allows us to maximize impact, protect your IP and guarantee you’re part of the final product.
Access Our Innovation Team
With no sales agendas or business priorities getting in the way, Cboe Labs is solely focused on fostering innovation, delivering creative solutions that drive value for our clients.
Leverage the Breadth of Cboe
Cboe’s legacy of innovation provides Cboe Labs with access to one of the largest and most comprehensive global derivatives and securities networks, ensuring your idea has the resources it needs to thrive in the global financial marketplace.
Solving For You
Working with the Industry to Make Volatility Tradable
Cboe worked with academic Robert Whaley, a professor and expert in derivative valuation and risk management, to develop the VIX Index®, the first benchmark index to measure the market’s expectation of future volatility.
Join Our Legacy of Firsts
Cboe’s innovation legacy is backed by its many "firsts" in the market, such as the first marketplace for trading listed options and the introduction of options on broad-based stock indices, LEAPS® options, FLEX® options, Weekly options, and volatility as an asset class.
Sourcing Ideas from Cboe RMC
Cboe leverages its risk management conferences to engage with customers and academics in the trading community, fostering open discussions that drive innovation. These gatherings provide a unique opportunity to exchange ideas and strategies, as well as uncover problems that need solutions.
How Our Process Works
Step 1
Ideation and Enhancements
We source ideas from our internal teams, customers, academics and industry partners, such as S&P Dow Jones Indices, MSCI and FTSE Russell.
Step 2
Analysis
Our thorough vetting process analyzes ideas to determine if there is high-level customer demand, what the regulatory lift may be and the opportunity size.
Step 3
Development
Always refining as we go, we make sure we’re creating products and services that meet customer demand. We take in feedback and ensure we have partner buy-in.
Step 4
Build and Launch
We leverage all teams at Cboe to bring products to market, ensuring they are supported by our breadth of expertise and services.
Step 5
Evaluation and Feedback
We measure performance and generate feedback for the complete lifespan of a product: from pre to post launch.
Dialogue-Driven Solutions from Market Innovators
Meet the Innovators
Rob Hocking
Combining his real-world trading experience both on and off the floor, Rob continues to expand the scope and sophistication of Cboe’s innovation leadership as head of Cboe Labs.
Dennis O’Callahan
Dennis has developed volatility index derivatives, credit derivatives, corporate bond index futures, weekly equity index derivatives and has patents pending for several other product innovations.
John Hiatt
John and his team charted the course for making volatility a tradable asset and continues to lead the development of indices and tradable derivatives based on customer demand.
Nishank Modi
Nishank brings over 15 years’ experience managing volatility at major investment banks, hedge funds and market-making firms to drive innovation in the listed derivatives space.
Alok Khuntia
Alok is a passionate entrepreneur and innovator with broad experience in equity derivatives trading, volatility trading, risk management, business strategy and product development.
Florian Huchedé
With a track record of leading teams to design and launch algorithmic solutions for FX, equity and clearinghouse data, Florian drives growth through his expertise in quantitative risk management.
Share Your Ideas
Join us in our mission to create superior risk management solutions that drive value to capital market participants through transparency, access and utility. Let’s get the conversation started.