Cboe Selects Snowflake to Migrate Corporate Data and Analytics Platform to the Cloud

Cboe Global Markets, Inc., a leading provider of global market infrastructure and tradable products, announced it is leveraging Snowflake, the Data Cloud company, to migrate its corporate data and analytics from on-premises systems to the cloud. The engagement with Snowflake is part of its ongoing global cloud strategy.  

The adoption of Snowflake's Data Cloud will help transform Cboe's data and analytics infrastructure into a modern cloud architecture, bringing speed, scalability, and efficiency to the company's handling of its internal, proprietary data and analytics.  

Snowflake Data Cloud platform will help enable Cboe to employ additional tools to its existing data sets, expanding the way it aggregates and mines its data. Ultimately, this is expected to improve Cboe's capabilities in the ways it can analyze data, and derive rapid analytics to provide intelligence both internally and for customers.  

"Cboe will leverage Snowflake to accelerate our cloud migration journey and modernize how we manage and utilize our proprietary corporate data and analytics for our benefit and that of our customers,"said Eileen Smith, Senior Vice President, Data and Analytics, Cboe Global Markets."Snowflake offers a highly flexible and scalable Data Cloud platform that will enable our teams to handle increasing amounts of data with greater speed and efficiency, improving our capabilities for managing, mining, and analyzing that data internally across our global business and sharing those insights with our customers. We look forward to the many expected benefits that Snowflake will provide."  

"The successful financial services companies of tomorrow know that they need to provide a seamless data experience,"said Rinesh Patel, Global Industry GTM Lead, Financial Services, Snowflake."The work Cboe is doing to modernize their data and analytics infrastructure and deliver faster, better insights to their internal teams and clients is a model for how the financial services industry must modernize, deliver on a more customer-centric model of operation and take advantage of the data monetization opportunities that exist in financial services."