Cboe Global Markets, Inc. (Cboe: CBOE), the world’s derivatives and securities exchange network, announced the expansion of its Derivatives Market Intelligence team with the hiring of Wei Liao as Director, Derivatives Market Intelligence.
Based in Hong Kong, Ms. Liao will lead the “buildout of Cboe’s derivatives market intelligence and content franchise in Asia Pacific (APAC), with a focus on delivering high-impact, data-driven insights to clients in the region.”
This initiative furthers Cboe’s international “expansion of its Global Derivatives business, strengthening its presence and client engagement across the U.S., Europe and APAC to meet growing demand.”
Cboe’s Derivatives Market Intelligence arm “delivers timely, in-depth research and analysis to help investors understand cross-asset market dynamics and the use cases of derivatives products.”
In her role, Ms. Liao will help expand the “reach of this content to Cboe’s growing client base in APAC, as well as offer localized perspectives and analysis on regional market trends to help increase client education and adoption of Cboe’s leading suite of derivatives products – including S&P 500 Index (SPX) options, Cboe Volatility Index (VIX) options and futures, and Russell 2000 Index (RUT) options.”
Total volumes in Cboe’s proprietary products during its Global Trading Hours, which reflects trading activity “during the U.S. overnight session, hit a record average daily volume of 124.6k contracts in first-quarter 2025, up 36% from first-quarter 2024.”
Mandy Xu, Global Head of Derivatives Market Intelligence at Cboe said:
“APAC is a key region where options and futures are gaining rapid momentum among both institutional and retail investors, and with that, we see a significant opportunity to serve this market through expanded data access and client education. With her background as a portfolio manager and trader, Wei brings deep market expertise, a seasoned practitioner’s perspective, and a client-first mindset – all of which are critical as we work to close the education gap and support the region’s next phase of growth. I’m thrilled to welcome her to the team.”
Ms. Liao brings “more than 15 years of experience in macroeconomic research, trading and portfolio management at leading hedge funds.”
Prior to joining Cboe, she served as “a Portfolio Manager at CQS Asset Management and before that, was the founder and manager of Watercourse Macro Found, a derivatives-focused hedge fund.”
Wei Liao, Director, Derivatives Market Intelligence at Cboe said:
“Cboe’s Derivatives Market Intelligence group has built a reputation for its unparalleled market insights and strong commitment to client engagement – earning a wide following among institutional and retail investors, media, and other industry participants alike. I look forward to expanding on the team’s work, deepening our impact in APAC and helping our clients here navigate today’s complex markets with actionable, data-driven insights.”
As covered, Cboe Global Markets, the world’s derivatives and securities exchange network, “delivers trading, clearing and investment solutions to people around the world.”
Cboe provides trading solutions and products in “multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.”
They are committed to building “a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future.”
