Job Description:

Location Overview

Cboe HQ is located in the historic Old Post Office district, it's a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River.

With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.

Role Overview

The Manager, Index Market Data will serve as the dedicated product manager for Cboe Global Index Feed (CGIF), Cboe's real-time index data distribution platform and one of the fastest-growing segments within our Market Data & Access Services business. Reporting to the N. American Head of Market Data & Access Services, this role is responsible for executing on CGIF's commercial strategy - driving revenue growth through product development, pricing / policy management, and channel expansion across our index partner network.

The ideal candidate combines deep knowledge of market data licensing with a strong understanding of how indexes are used throughout the trading ecosystem - from derivatives pricing and Index/ETF administration to wealth management and retail brokerage platforms.

Someone with a background in market data commercialization, index products, and/or derivatives will be well-positioned to thrive in this role.

Your Responsibilities Will Be

Product Strategy & Commercial Management

• Own the CGIF product roadmap, identifying growth opportunities across channels from our index partners
• Develop and manage licensing policies, fee schedules, and usage-reporting frameworks across user, enterprise, non-display, and distribution fee categories
• Monitor user counts, revenue trends, and channel health to inform pricing and product decisions; identify and escalate risks or opportunities as they arise
• Serve as the internal subject matter expert on CGIF licensing, fielding escalations from Sales, Legal, and client-facing teams

Business Development & Go-to-Market

• Partner with Sales to develop targeted account plans for prospects with particular focus on wealth management firms, international brokers, and emerging fintech platforms
• Support client onboarding and licensing negotiations, translating complex policy into clear commercial terms
• Engage directly with redistributors, vendors, and end-clients to understand evolving data needs and ensure CGIF remains competitively positioned
• Coordinate with Marketing to develop client-facing materials, value proposition messaging, and channel-specific collateral

Business Analysis & Operations

• Analyze competitor fee structures and benchmark CGIF pricing to ensure competitive positioning and identify opportunities
• Assist in drafting and maintaining commercial contracts, usage policies, and regulatory filings in coordination with the Legal team

The Ideal Candidate Has

• 8 years of experience in market data licensing, index product management, or a related financial services role
• Strong understanding of how real-time index data is consumed across derivatives, ETFs, wealth management, and retail brokerage platforms
• Familiarity with market data licensing constructs - including user fees, enterprise licenses, non-display usage, and distribution agreements
• Experience with options markets or index-linked derivative products is a strong plus
• Excellent analytical skills with the ability to synthesize data into actionable product and pricing recommendations
• Strong communicator with the ability to engage effectively with clients, sales teams, and senior stakeholders
• Self-starter with the ability to manage multiple workstreams independently in a fast-paced environment
• BS in Finance, Economics, Business, or a related field; MBA or CFA a plus

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Benefits and Perks of working for Cboe Global Markets

We value the total wellbeing of our people - including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:

• Fair and competitive salary and incentive compensation packages with an upside for overachievement

• Generous paid time off, including vacation, personal days, sick days and annual community service days

• Health, dental and vision benefits, including access to telemedicine and mental health services

• 2:1 401(k) match, up to 8% match immediately upon hire

• Discounted Employee Stock Purchase Plan

• Tax Savings Accounts for health, dependent and transportation

• Employee referral bonus program

• Volunteer opportunities to help you give back to your communities

Some of our associates' favorite benefits and perks include:

• Complimentary lunch, snacks and coffee in any Cboe office

• Paid Tuition assistance and education opportunities

• Generous charitable giving company match

• Paid parental leave and fertility benefits

• On-site gyms and discounts to other fitness centers

• Paid Time Off

Salary Ranges (applicable for US locations only)
At Cboe, we are committed to providing a competitive, transparent, and market-informed total rewards program. The anticipated base salary range for this role is $121,550-$157,300, with actual compensation determined by job-related factors such as skills, relevant experience, education, internal alignment, and location.

This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long-term equity programs.

Additional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.