Cboe Hires Julie Bauer as Senior Vice President, Head of Government Relations

Rhea-AI Summary

Cboe (CBOE) appointed Julie Bauer as Senior Vice President, Head of Government Relations, effective May 19, 2026. She will lead global engagement and advocacy with regulators, policymakers, and industry stakeholders, supporting Cboe’s long-term strategy.

Bauer previously held senior government relations and external affairs roles at OCC, FINRA, and Chicago Board of Trade.

News Market Reaction – CBOE

+0.55%

+0.55% Session close to close

In the May 11 session, CBOE gained 0.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement brings an experienced Head of Government Relations to Cboe as it operates near a 5...

Analysis

This announcement brings an experienced Head of Government Relations to Cboe as it operates near a 52-week high and above its 200-day MA. The move complements recent strong financial performance, including quarterly revenue of $1,272.8M and diluted EPS of $3.66. With ongoing strategic realignment and major divestitures, investors may watch how enhanced policy engagement supports Cboe’s core derivatives and data-franchise growth and execution of its long-term strategy.

Key Figures

Tenure in options: more than 50 years Total revenue: $1,272.8M Total revenue prior: $1,195.0M +5 more

8 metrics

Tenure in options more than 50 years Cboe history shaping U.S. options industry

Total revenue $1,272.8M Quarter ended March 31, 2026 (10-Q)

Total revenue prior $1,195.0M Quarter ended March 31, 2025 (10-Q)

Revenues less cost $728.9M Quarter ended March 31, 2026 (10-Q)

Operating income $505.6M Quarter ended March 31, 2026 (10-Q)

Net income $385.7M Quarter ended March 31, 2026 (10-Q)

Diluted EPS $3.66 Quarter ended March 31, 2026 (10-Q and 8-K)

Quarterly dividend $0.72 per share Quarter ended March 31, 2026 (10-Q)

Historical Context

5 past events · Latest: May 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 05	Monthly volume update	Positive	+0.6%	Reported April 2026 volume with index and options ADV strength.
May 01	Earnings release	Positive	+8.9%	Strong 1Q26 revenue and record EPS with higher guidance and cost cuts.
Apr 22	Business divestiture	Positive	-1.1%	Sale agreement for Cboe Australia and Canada for $300M as part of realignment.
Apr 06	Monthly volume update	Positive	-0.1%	March 2026 volumes and preliminary revenue capture guidance with multiple records.
Mar 31	Strategic partnership	Positive	-0.4%	Multi-year CNBC collaboration for daily coverage from Cboe’s trading floor.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent fundamental and strategic news has often seen mixed price follow-through, with strong earnings aligning positively but several positive strategic/volume updates met by flat to negative reactions.

Recent Company History

Over recent months, Cboe highlighted strong operational momentum and strategic reshaping. On Mar 31, it announced a multi-year CNBC collaboration to showcase its Chicago trading floor. March and April 2026 volume releases underscored record proprietary index options and solid growth across regions. A $300 million sale agreement for Cboe Australia and Canada on Apr 22 supported strategic realignment. Robust 1Q26 earnings on May 1 brought double-digit revenue and EPS growth. Today’s senior government-relations hire fits into this broader execution and policy-focused positioning.

Key Terms

equity derivatives, listed options

2 terms

equity derivatives financial

"a leading global markets operator and pioneer in equity derivatives, today announced"

Equity derivatives are financial contracts whose value is tied to a stock or a group of stocks, like a bet or an insurance policy based on a share's future price. They matter to investors because they let you protect against losses, amplify gains with less upfront cash, or take a position without owning the stock directly, which affects market risk, liquidity and how prices move.

listed options financial

"directed advocacy for the U.S. Securities Markets Coalition on behalf of the listed options industry"

Listed options are standardized contracts traded on an exchange that give the buyer the right, but not the obligation, to buy or sell a specific stock or other security at a fixed price before a set date. Think of them like exchange-backed coupons that let investors lock in a price, offering a tool for protecting a portfolio, generating income, or making a concentrated bet—with the benefits of transparent pricing and easier trading compared with private contracts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, May 11, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity derivatives, today announced the hiring of Julie Bauer as Senior Vice President, Head of Government Relations, effective May 19, 2026. Ms. Bauer will lead Cboe's global engagement and advocacy efforts with regulators, policymakers, and industry stakeholders, while helping to advance its long-term strategy.

"We are pleased to welcome Julie Bauer as Head of Government Relations," said Patrick Sexton, General Counsel and Corporate Secretary at Cboe Global Markets. "For more than 50 years, Cboe has shaped the U.S. options industry by driving innovation, while building trust with policymakers and consistently championing thoughtful, principled regulation that prioritizes investor protection. As new technologies rapidly reshape financial markets and the regulatory landscape, Julie brings deep expertise and sound judgment that will help us stay ahead in this dynamic environment, position us for new opportunities, and advance our strategic priorities."

Ms. Bauer joins Cboe from OCC, the world's largest equity derivatives clearing organization, where she served as Chief External Relations Officer. In that role, she led engagement with congressional and regulatory policymakers, directed advocacy for the U.S. Securities Markets Coalition on behalf of the listed options industry, and oversaw external communications. She also managed OCC's investor education initiatives, including The Options Industry Council (OIC). Prior to OCC, Ms. Bauer served as Senior Vice President of Government Relations at FINRA and previously led government relations for the Chicago Board of Trade.

Julie Bauer said, "I'm excited to join Cboe at such a pivotal moment in its growth and transformation. Cboe has long been the leader in building the U.S. options markets and continues to shape the industry's evolution. I look forward to joining its talented government relations and policy team as we engage with policymakers in support of vibrant and secure markets for all investors."

Ms. Bauer's hiring follows the retirement of Angelo Evangelou, Chief Policy Officer, in April 2026. She will be based in Washington, D.C., and report to Mr. Sexton.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity derivatives. Since launching the world's first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.

Cboe Media Contacts				Cboe Analyst Contact
Angela Tu +1-646-856-8734 atu@cboe.com	Tim Cave +44 (0) 7593-506-719 tcave@cboe.com			Kenneth Hill, CFA +1-312-786-7559 khill@cboe.com

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Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor's Financial Services LLC. All other trademarks and service marks are the property of their respective owners. 

 

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SOURCE Cboe Global Markets, Inc.

FAQ

Who is Julie Bauer, newly hired Head of Government Relations at Cboe (CBOE)?

Julie Bauer is Cboe’s new Senior Vice President, Head of Government Relations. According to Cboe, she previously served as Chief External Relations Officer at OCC and held senior government relations roles at FINRA and Chicago Board of Trade.

When does Julie Bauer start her role at Cboe (CBOE)?

Julie Bauer’s role as Senior Vice President, Head of Government Relations at Cboe becomes effective May 19, 2026. According to Cboe, she will be based in Washington, D.C., and report to General Counsel and Corporate Secretary Patrick Sexton.

What will Julie Bauer oversee as Head of Government Relations at Cboe (CBOE)?

Julie Bauer will lead Cboe’s global engagement and advocacy with regulators, policymakers, and industry stakeholders. According to Cboe, her work will support the company’s long-term strategy as markets evolve with new technologies and regulatory changes.

Whom will Julie Bauer replace in Cboe’s policy leadership team?

Julie Bauer’s hiring follows the retirement of Angelo Evangelou, Cboe’s Chief Policy Officer, in April 2026. According to Cboe, she will continue the company’s long-standing regulatory engagement as Head of Government Relations, reporting to Patrick Sexton.

How does Julie Bauer’s background align with Cboe’s government relations strategy?

Julie Bauer brings experience leading congressional and regulatory engagement and overseeing advocacy for the listed options industry. According to Cboe, her prior roles at OCC, FINRA, and Chicago Board of Trade align with Cboe’s focus on principled regulation and investor protection.