Cboe Global Markets has announced a raft of senior management changes following the news that Chris Concannon is set to leave the firm, where he currently holds the position of president and COO.Chris Isaacson, currently executive vice president and chief information officer, will become executive vice president and COO, reporting to chairman and CEO, Ed Tilly. In addition, Eric Crampton, currently senior vice president and global head of software engineering, will become senior vice president and CTO, reporting to Isaacson. Tilly will add the title of president to his current role, a position he previously held from 2011 to 2013. These appointments will be effective January 14.
The January 3 flash event in FX markets continues to fuel the news cycle and in this week’s podcast, Colin Lambert and Galen Stops discuss the real impact of algos – widely cited as a major factor in the event – in markets. For once they agree on a central theme in the debate, including Lambert (very reluctantly) shooting down one of his own arguments with Stops last year on trend following, but as always there’s room for divergent views.