Cboe Celebrates Michael Selig's Confirmation as CFTC Chairman

Cboe Congratulates Michael Selig on His CFTC Chairmanship

Cboe Global Markets, Inc., the foremost derivatives and securities exchange network globally, has publicly acknowledged the recent confirmation of Michael Selig as the Chairman of the Commodity Futures Trading Commission (CFTC). This significant appointment comes at a time when the financial landscape is evolving rapidly, necessitating experienced leadership to navigate the intricacies of derivatives markets.

Craig Donohue, the CEO of Cboe, expressed the organization's enthusiasm in a formal statement, emphasizing Selig’s extensive experience within financial markets. He praised Selig's balanced approach to regulation, which is expected to be pivotal as the CFTC collaborates with market stakeholders to enhance resilience and investor confidence. “We look forward to working closely with the CFTC to further strengthen the resilience of our markets, enhance the investor experience, and uphold the principles that have long defined the strength and integrity of U.S. derivatives markets,” stated Donohue.

Moreover, Cboe recognized the contributions of the former Acting CFTC Chairman, Caroline Pham, thanking her for her leadership and wishing her well in her future endeavors. Such acknowledgments highlight the collaborative spirit fostered within these financial institutions and the shared commitment toward maintaining market integrity.

Cboe Global Markets stands as a leading entity in the financial services sector, delivering cutting-edge trading, clearing, and investment solutions across various asset classes including equities, derivatives, and foreign exchange in key markets such as North America, Europe, and Asia-Pacific. Cboe's mission focuses on creating a reliable and inclusive financial marketplace where individuals can strive for sustainable economic growth.

This announcement not only signifies a new chapter in CFTC's leadership but also reflects Cboe's dedication to partnering with regulatory bodies to foster a stable financial environment. Through such collaborative efforts, both entities aim to navigate the complexities of modern financial markets, ensuring that they not only adapt to change but also thrive within it.

As markets continue to grow and innovate, the role of the CFTC under Selig's leadership will be crucial in safeguarding fair and transparent trading practices. The Cboe community looks forward to supporting the commission as it advances its regulatory framework to meet the demands of an increasingly dynamic trading landscape.

To stay updated on further developments in the financial sector and Cboe’s initiatives, interested parties can visit Cboe's official website for more information on their products and services.