CHICAGO, Oct. 5, 2022
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced the appointment of two new global
heads for its Equity Index and Cryptocurrency businesses to
continue driving product innovation and supporting long-term
growth.
Paul Woolman, Global Head of
Equity Index Products, will oversee the company's Equity Index
product portfolio, while Giovanni
Vicioso, Global Head of Cryptocurrency Products, will assume
responsibility for the company's Cryptocurrency products. Woolman
and Vicioso will report to Tim
McCourt, who previously led both business lines and was
recently named to the CME Group management team as Global Head of
Equity and FX Products.
"Our equity and cryptocurrency businesses have experienced
tremendous growth in recent years, underpinned by strong customer
adoption and continued innovation," said McCourt. "In their
expanded roles, Paul and Gio will continue to meet the needs of our
clients by providing products and services to manage risk in
today's ever-changing marketplace."
Woolman has worked in equity derivatives for more than 20 years.
He joined CME Group in 2016 as Senior Director, Head of EMEA Equity
Products and Alternative Investments. Prior to CME Group, Woolman
served as a Delta One Equity Derivatives Trading Director at Bank
of America Merrill Lynch for 11 years, where he managed exposure
across futures, ETFs, swaps, and structured products, as well as
cash equities and FX. He holds a bachelor's degree in geography
from the University of Bristol and
an MBA from London Business School.
Vicioso, with nearly 30 years of financial markets experience,
joined CME Group in 2012 as Senior Director of Equity Products, in
which he also began his involvement in CME Group's Cryptocurrency
business. Prior to CME Group, he served as Vice President for RBC
Capital Markets' Equity Derivatives Group on their OTC Equity
Derivatives desk. Prior to RBC, he worked at Deutsche Bank in the
Global Equity Derivatives Division. Vicioso holds a bachelor's
degree in mechanical engineering from Rutgers
University and an MBA from Columbia Business
School.
This new reorganization comes amid a strong surge in growth from
CME Group's Equity Index and Cryptocurrency business lines.
Equity Index trading highlights include:
- Q3 futures and options average daily volume (ADV) of 7.4
million contracts increased by more than 46% against Q3 2021.
- September futures and options record ADV of 9.4 million
contracts increased over 47% against September 2021.
- Nearly 17.5 million Tuesday and Thursday E-mini S&P 500
options contracts have traded since launch in March, becoming the
most successful options launch in CME Group history.
Cryptocurrency trading highlights include:
- Q3 futures and options ADV of 46.2K contracts increased over 45% YoY against Q3
2021.
- September futures and options ADV of 59.6K contracts increased more than 72% against
September 2021.
- Bitcoin futures ADV of 11.7K
contracts increased more than 66% versus Q3 2021.
- Bitcoin Euro and Ether Euro futures launched on August 29, and Ether options launched on
September 12.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD,
respectively. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group