#United States #Chicago #Cboe Global Markets #Snowflake Marketplace #Cboe Indices

Cboe Enhances Access to Global Index Data via Snowflake Marketplace

Cboe Global Markets, Inc. (Cboe: CBOE), a leading name in the derivatives and securities exchange landscape, has recently unveiled a significant enhancement to its data distribution capabilities by launching the Cboe Global Indices Feed on the Snowflake Marketplace. This new initiative responds to the mounting demand for efficient and scalable access to high-quality index data from market participants around the world.

The Cboe Global Indices Feed features end-of-day summary data along with tick data from seven distinctive channels, readily available for purchase through Cboe DataShop. This platform integration not only allows users to access vast streams of valuable data efficiently, but it also ensures that market participants are empowered with the actionable insights derived from Cboe's trusted indices. This includes globally recognized indices such as the Cboe Volatility Index (VIX®) and a range of proprietary indices developed in partnership with notable organizations like SP Dow Jones Indices and MSCI.

Why Cloud-Based Access Matters

In recent years, the shift to cloud-based solutions has become increasingly vital for financial institutions. As highlighted by Adam Inzirillo, Cboe's Global Head of Cboe Data Vantage, the change facilitates significant analytic capabilities while also enhancing the accessibility of key market insights. With trading volumes continuously increasing, there is a pressing need for data solutions that can keep pace with rising demands, and this partnership with Snowflake positions Cboe to cater effectively to this climate.

The data provided through the Cboe Global Indices Feed is versatile and can be utilized in various applications. Market participants can conduct market sentiment analyses, back-test trading strategies, and identify potential portfolio risks using this valuable information. The incorporation of this data into users' workflows will enable more informed trading decisions, ultimately boosting confidence in market engagements.

Performance Metrics at Your Fingertips

Cboe’s offerings include end-of-day summary datasets and real-time index tick data. The former provides critical information at the close of trading, including open, high, low, and closing values for each index. The tick datasets offer comprehensive data about the disseminated values of an index throughout the trading day, ensuring traders receive nearly real-time insights into market activity.

Kieran Kennedy, Global Head of Data Cloud Products at Snowflake, emphasized the importance of this collaboration, noting that it empowers organizations like Cboe to scale their capabilities and deliver essential market insights to a wider audience across the globe. By making the Cboe's in-demand market data accessible via Snowflake Marketplace, users can seamlessly explore various offerings to refine and elevate their trading strategies.

Cboe's Continued Digital Transformation

The recent integration with Snowflake is part of Cboe's broader digital transformation initiative. The migration of proprietary data and analytics to the Snowflake AI Data Cloud platform enables Cboe to manage the soaring volumes of market data more effectively. This shift equips Cboe with advanced tools for analysis and allows for rapid insights that benefit both its internal operations and those of its clients.

Chris Isaacson, Chief Operating Officer at Cboe, stated, "Leading-edge technology is the foundation of everything we do," highlighting Cboe's commitment to utilizing advanced data solutions to support the dynamic needs of global markets. As the company standardizes and expands its cloud solutions, they are better positioned to serve their clients' needs while enhancing market transparency and efficiency.

To summarize, Cboe's introduction of the Global Indices Feed on the Snowflake Marketplace illustrates a pivotal moment for financial data accessibility. By fostering such collaborations, Cboe not only affirms its position as an industry leader but also champions the pursuit of innovative solutions that shape the future of trading and investment.

For more details on how to access the Cboe Global Indices Feed, interested parties are encouraged to visit Cboe's official data access page.

About Cboe Global Markets

Cboe Global Markets, Inc., known for its comprehensive trading solutions across various asset classes, is committed to creating a reliable global marketplace. With a vision of accessibility and inclusivity, Cboe aims to provide individuals and institutions alike with the resources necessary for a sustainable financial future.

By continually expanding their data distribution channels, Cboe promises to meet the evolving demands of market participants while embodying a progressive approach to financial trading.