Manager, Index Market Data

Cboe Global Markets•Chicago, IL

1d•$121,550 - $157,300•Hybrid

About The Position

Building trusted markets — powered by our people At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world. We’re building meaningful ways to support professional and personal development while strengthening the trust we’ve earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. We strive to provide employees a safe space to network, share ideas and create opportunities. PLEASE NOTE: To support strong partnership and team connection, this role follows a four day in office work model. 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.

Requirements

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
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

Nice To Haves

Experience with options markets or index-linked derivative products is a strong plus
MBA or CFA a plus

Responsibilities

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
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
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

Benefits

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
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