Role at Cboe Global Markets
Consortium of visionary agricultural commodity traders and financial leaders who voted in 1973 to create a separate exchange dedicated to standardized stock options.
Cboe Global Markets
Financial Exchanges & Derivatives Market InfrastructureFounded 1973- HQ today: Chicago, Illinois, USA
Reviewed by Swet Parvadiya
Company data updated: November 2026
Founders
Who Founded Cboe Global Markets?
Chicago Board of Trade (CBOT) Consortium · Founded 1973 · HQ today: Chicago, Illinois, USA
Who founded Cboe Global Markets?
Cboe Global Markets was founded by Chicago Board of Trade (CBOT) Consortium in 1973. It is now led by Fredric Tomczyk.
- Founders
- Chicago Board of Trade (CBOT) Consortium
- Founded
- 1973
- Headquarters
- Chicago, Illinois, USA
- Number of founders
- 1
- Current CEO
- Fredric Tomczyk
- When was Cboe Global Markets founded?
- Cboe Global Markets was founded in 1973.
- Who started Cboe Global Markets?
- Cboe Global Markets was founded by Chicago Board of Trade (CBOT) Consortium.
- How old is Cboe Global Markets?
- Cboe Global Markets is 53 years old as of 2026.
Founding Story
Prior to Cboe, options were traded over-the-counter through informal telephone brokers without standardized strike prices, expiration dates, or secondary liquidity. Cboe revolutionized finance by establishing standardized contracts and creating the Options Clearing Corporation (OCC) to guarantee trade performance, paving the way for the mathematical breakthroughs of the Black-Scholes pricing model.
Cboe Global Markets: CEO & Leadership History
Full timeline →Fredric Tomczyk
Executive Leadership
Jill Griebenow
Finance & Strategy
Keep researching Cboe Global Markets
Who Founded Cboe Global Markets? FAQ
Who founded Cboe Global Markets?
Cboe Global Markets was founded in 1973 by an entrepreneurial team committed to innovating Financial Exchanges & Derivatives Market Infrastructure.
What was the inspiration behind founding Cboe Global Markets?
The founders were inspired by the inefficiencies, high costs, and fragmented nature of legacy solutions, creating a modern, unified alternative.
Where was Cboe Global Markets originally created?
Cboe Global Markets was originally established in Chicago, United States.
Are the original founders still involved?
The founding team established the cultural and technical DNA that continues to guide Cboe Global Markets's current executive strategy and product roadmap.
What early technical breakthroughs did the founders achieve?
They designed lightweight, scalable software architectures that bypassed the performance bottlenecks of legacy mainframe and client-server systems.
How did the founders fund the initial development?
Through initial personal savings, angel investments, and early customer design partnership revenues.
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