Cboe rehires industry veteran Hocking to lead derivatives business

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Cboe Global Markets CBOE:CBOE has rehired industry veteran Rob Hocking to lead its derivatives business, it said on Tuesday, as the exchange operator strengthens its ranks under new CEO Craig Donohue.Hocking will succeed Cathy Clay, who is leaving the Chicago-based company for a new opportunity. He will join the firm's executive leadership team and report to Donohue, who took helm at Cboe in May.Prior to this, Hocking, who comes with more than two decades of experience in global derivatives market, had worked as the global head of product innovation at Cboe.The company's derivatives business houses its futures and options markets in the U.S. and Europe, as well as trading products such as the S&P 500 index options and VIX franchises.Cboe has also hired industry veteran Brian McElligott to lead its data business. He had previously spent more than a decade at derivatives exchange operator CME Group NASDAQ:CME.Cboe's data business has registered robust growth over the past couple of quarters, driven by strong international demand. Roughly 45% of the new recurring sales were from outside the U.S. in the second quarter.Hocking and McElligott will be based in Chicago and start in their new roles on October 1.

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