This week, Chris Isaacson, the chief information officer of Cboe Global Markets, joins the podcast to discuss the exchange operator’s mass migration of its futures and options exchanges to a brand-new technology base. Ever since Cboe acquired Bats in 2017—and, as Chris tells James, even before the ink was on the page—the plan had been to move to Bats’ proprietary technology, and the firm completed its latest migration on May 14th with the C2 Options Exchange. Chris discusses the challenges of moving an entire exchange’s the base while keeping it running, and looks ahead to the big project in 2019, when Cboe will be moving its flagship options exchange to the new foundation.

Before that, though, a quick look at the General Data Protection Regulation (GDPR), which went live on May 25.

To hear the full interview, listen in the player above, or you can download it.

GDPR
2:15 GDPR is now live—here’s what you need to know.
6:15 Who will be the first to get hit with a fine?
7:30 A rule that snuck up on everyone.
9:45 What this means for the future.

Chris Isaacson
11:30 An update on Cboe’s tech migration after the Bats acquisition.
15:15 What were the particular challenges involved in these migrations?
18:15 Why was it important to make the decision to switch to Bats’ tech right at the beginning?
20:00 What’s next?
22:30 New trading terminals to be rolled out on the floor of the exchange later this year.

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Contact Info

As is the case with everything we do, we'd love to get some feedback from our listeners. Feel free to reach out to Anthony or James via Twitter or email.

Anthony: @a_malakian; [email protected]

James: @JimRundle; [email protected]

Past 10 episodes:

Episode 112: A Look at How Fintechs are Being Disruptive

Episode 113: IBM's Lund on Blockchain's Evolution

Episode 114: A Recap of FIA Boca - Blockchain, Crypto, AI, Brexit

Episode 115: The CME Buys NEX Group

Episode 116: The Perils of Bitcoin; SS&C and Ion Move in on Fidessa

Episode 117: Machine Learning, Chatbots & Fintechs

Episode 118: CAT ‘State of the Union’, RTS 27 & 28 Concerns

Episode 119: SS&C's Acquisition Plans; Data Privacy Concerns; May 2018 Features

Episode 120: CCP Non-Default Losses

Episode 121: An Examination of CQRS; Coinbase’s Institutional Play