Cobo Global Markets to migrate corporate data and analytics platform to Snowflake Data Cloud

  • Snowflake will help transform Cboe’s internal data and analytics infrastructure into a modern cloud architecture

  • Provides a more scalable and efficient platform to centralize, integrate and analyze Cboe’s proprietary data

  • Enhances operational performance and capabilities to enable rapid analytics for both internal and customers

  • Drives Cboe’s effort to move to more cloud-based solutions

Chicago, 28 July 2022 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that it is leveraging Snowflake, a data cloud company, to migrate its corporate data and analytics from on-site. can do. Premises systems for the cloud. The adoption of Snowflake’s Data Cloud will help transform Cobo’s data and analytics infrastructure to a modern cloud architecture, bringing speed, scalability and efficiency to the company’s internal, proprietary data and analytics operations.

(PRNewsfoto/Cboe Global Markets, Inc.)

(PRNewsfoto/Cboe Global Markets, Inc.)

The flexible and highly scalable Snowflake data cloud platform, which can operate as a single cloud across different infrastructure cloud providers and regions, will help Cboe to deploy additional tools to its existing data sets, the way it Collects and mines your data. Ultimately, this is expected to improve Cboe’s capabilities in the ways it can analyze data, and achieve rapid analytics to provide intelligence both internally and to customers.

“Cboe will leverage Snowflake to accelerate our cloud migration journey and modernize how we manage and use our proprietary corporate data and analytics to benefit us and our customers.” Eileen Smith, Senior Vice President, Data and Analytics, Cobo Global Markets. “Snowflake provides a highly flexible and scalable data cloud platform that enables our teams to handle ever-increasing volumes of data with greater speed and efficiency, thanks to the management, mining and analysis of that data internally across our global business. improves our capabilities and shares those insights with our customers. We look forward to the many expected benefits Snowflake provides.”

Cboe plans to use Snowflake as a security data lake to integrate the data for efficient detection and response and other cyber security use cases. Additionally, the migration to Snowflake’s data cloud creates an opportunity for Cbobo to potentially create new data products and services, while increasing access to market participants through unique distribution channels such as Snowflake’s cloud capabilities and Snowflake’s Secure Data Sharing. Extends data access.

“The successful financial services companies of tomorrow know what they need to deliver a seamless data experience,” said Rineesh Patel, Global Industry GTM Lead, Financial Services, Snowflake. “The work that Cboe is doing to modernize its data and analytics infrastructure and deliver faster, better information to its internal teams and customers is a model for how the financial services industry should modernize, more customers of operations. We must work on a centric model and take advantage of the data monetization opportunities that exist in financial services.”

Cboe continues to move toward more cloud-based solutions and the association with Snowflake is part of its ongoing global cloud strategy.

In November 2021In a separate initiative, Cboe launched Cboe Global Cloud, a new real-time, cloud-based market data streaming service that aims to optimize the efficiency and delivery of Cboe’s data services to market participants globally. Cboe Global Cloud is designed to enable customers to access real-time Cboe data from multiple locations around the world with a direct Internet connection. In addition, Cboe Global Cloud helps bring together Cboe’s wide range of real-time data products on a single unified platform, giving customers a simple and convenient way to access a variety of real-time data through a single access point. Get an efficient way. For more information, visit Cobo Global Cloud Website,

Cboe Global Markets, Inc. about
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, provides state-of-the-art trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading-edge products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products across multiple asset classes including equities, derivatives and FX North America, Europe And Asia Pacific, To know more, visit www.cboe.com,

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Cboe® and Cboe Global Markets®, Cboe Exchange, Inc. are registered trademarks of. All other trademarks and service marks are the property of their respective owners.

Cautionary statement regarding forward-looking information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can recognize these statements by words such as “may,” “might,” “should,” “expect,” “plan,” “estimate,” “believe,” “estimate,” “predict,” “likely” Huh. “or “continue,” and the negatives of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. are subject to known and unknown risks, uncertainties and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements only represent our current expectations about future events. and are based on projections. There are significant factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the actual cause from any factor, or combination of factors. can be. The results differ materially from those contained in any forward-looking statements.

Certain factors that could cause a difference in actual results include: in particular the loss of our right to list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; Price competition and consolidation in our industry; a reduction in trading or clearing volume, market data charges or a change in the mix of products traded on our exchanges; legislative or regulatory changes or changes in the tax regime; Our ability to protect our systems and communications networks from security risks, cyber security risks, insider threats and unauthorized disclosure of confidential information; efficient management and our ability to attract and retain other personnel; increasing competition by foreign and domestic entities; our reliance on third parties and the risk of exposure; fluctuations in currency exchange rates; Factors affecting the quality and integrity of our indices; the impact of the novel coronavirus (“COVID-19”) pandemic; our ability to conduct our business without infringing on the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to mitigate risks, including our credit and default risks, associated with the operation of European Clearinghouse; our ability to accommodate trading and clearing volumes and transaction traffic, including significant increases without failure or degradation in the performance of our systems; Malpractice by those who use our markets or our products or for whom we approve transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our beneficial position; our ability to maintain Bids Trading as an independently managed and operated trading venue, not separate and integrated from our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to effectively manage our growth and strategic acquisitions or alliances; restrictions imposed by our debt obligations and our ability to pay or refinance our debt obligations; Our ability to maintain an investment grade credit rating; loss of our goodwill, long-lasting assets, investments or intangible assets; the accuracy of our estimates and expectations; Litigation risks and other liabilities; and is operating a digital asset business. More detailed information about the factors that could have differentially affected our actual results can be found in our filings with the SEC, including our annual report on Form 10-K for the year ended. December 31, 2021 and other filings made from time to time with the SEC.

We do not accept, and we expressly disclaim, any duty to update any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date herein.

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Source Cobo Global Markets, Inc.

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