Global Derivatives Intern – US Options

Building trusted markets — powered by our people.

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

Cboe interns work with a variety of staff across multiple departments and have the opportunity to put their skills to work in their field of interest, while learning about Exchange technology and operations through our robust Options Institute courses.

The three main foundational pillars of our internship program are: develop, educate and network. We want to ensure each of our interns receive a real-world working experience that encourages academic, professional and personal growth.

Candidates should be versatile, eager and able to work in a fast-paced, time-sensitive financial and technical environment. Our interns will have the flexibility of working 2 days remotely, and 3 days in office per week at one of our state-of-the-art offices in Chicago, Kansas City, and New York City. To be eligible for this internship, applicants must be enrolled in a university or college program and should not be scheduled to graduate before December of the internship year. Our internship program runs from June to August and you will wrap up your internship with a final presentation and retreat. Visit our student page for more information about our internship program!

The Options Business team is hiring for a Global Derivatives Intern – US Options:

As a Global Derivatives Intern focuses on US Options, you will engage directly in the analysis of market trends and transactional pricing within the US-listed options markets. You will work alongside the Options Business team, collaborating with sales, coverage, and market structure teams. This hands-on experience will allow you to contribute to pricing strategies and operational optimizations that enhance our competitive positioning in the marketplace.

The Options Business team plays a critical role in strategic initiatives at Cboe, focusing on comprehensive market analysis and the development of transactional pricing strategies. Dedicated to maintaining a competitive edge, the team regularly interacts with key stakeholders to adapt and refine strategies that meet evolving market needs. By fostering a culture of innovation and dynamic

problem-solving, we offer interns a unique environment to develop professional skills and contribute meaningful insights.

Your responsibilities and learning objectives will be:

• Participating in a variety of projects within the US Listed Options Business to support strategic initiatives and enhance business operations.
• Working closely with Derivatives team members on building models and conducting analysis to enhance our competitive positioning.
• Collaborating with multiple teams to design and build reporting dashboards to track customer engagement and experience across our trading markets.

The ideal candidate has:

• Pursuing a Bachelor’s or Master’s in STEM, Finance, or a related field and should not be scheduled to graduate before December of the year in which the internship takes place.
• A keen interest in global financial markets with an emphasis on derivatives.
• Familiarity working with Business Intelligence tools (e.g., Tableau, Sigma Computing) to analyze data and build visualization dashboards.
• Advanced proficiency in Microsoft Office and foundational coding skills, particularly in SQL, Python or other languages conducive for analyzing large datasets.
• Ability to manage multiple tasks efficiently, work effectively both independently and as part of a team, and demonstrate excellent communication skills.
• A proactive, resourceful approach to work with a quick aptitude for recognizing and resolving issues.

You’ll really stand out with:

• Experience in financial markets (equities, options, futures, etc.)

Benefits and Perks

• Competitive compensation
• Flexible, hybrid work environment, 3 days in office, 2 days remote, per week.
• 2:1 401(k) match, up to 8% match immediately upon hire.

Some of our employees’ favorite benefits and perks include:

• Daily complimentary in-office lunch from local restaurants
• Endless free coffee and snacks to fuel your workday
• Monthly in office networking events and happy hours
• Associate Resource Groups (ARGs) and affinity groups for support and community building

More About Cboe Global Markets

We’re reimagining the future of the workplace by focusing on what matters most, our people.  Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

We work with purpose, solving problems with ingenuity, collaboration, and a lot  of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website, LinkedIn, and our student page for more information about our internship program!

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status.

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This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

Our pay range for interns is determined by function and education level. The national new hire base pay range for this job in the United States is $22.00 - $42.00 per hour.  This range represents the minimum and maximum base pay target for new hires working in the position full time.     

Within the range, individual pay is determined by years of education completed. In addition to base pay, eligibility for our total rewards program may include benefits such as 401 (k) with a generous company match and paid sick time. Your recruiter will provide more details about the total compensation package during the hiring process

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.