Cboe Global Markets has successfully migrated the Cboe Futures Exchange (CFE) to its proprietary Bats technology with trading on the new platform opening in Global Trading Hours at 5:00 pm CT on Sunday, 25 February.
At the end of the trading session at 4:00 pm CT on Monday, 26 February, 98 trading firms accessed the new platform, trading a total of 159,492 contracts.
Ed Tilly (pictured), Chairman and Chief Executive Officer of Cboe, says: “As we said at the start of this process, we are laser focused on executing a seamless technical and operational integration of our exchange platforms. The flawless migration of CFE to Bats state-of-the-art technology is a major step in this journey. This and our successive migrations will culminate in our ability to offer our customers a common, world-class trading experience across all our equities, options and futures markets. Chris Isaacson and his team did an extraordinary job in hitting this key milestone on schedule, and I want to congratulate them on a job well done.”
Chris Isaacson, Chief Information Officer of Cboe, says: “Better technology makes better markets, and delivering a best-in-class platform to our futures trading customers was our priority when it came to CFE. Our goal was to make the trading experience more efficient and user-friendly, and match that with the same great customer service we’ve always offered our customers globally. It is worth noting that our ability to keep to an aggressive timeline for our technology migration is due to the dedication of our fantastic team and the diligent preparations of our customers.”