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Cboe Expands Data Vantage Sales Team to Strengthen Asia Pacific Presence
  • Japan - Japanese
  • USA - English

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News provided by

Cboe Global Markets, Inc.

14 May, 2025, 08:00 CST

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  • Junichi Nakagawa and Samuel Zou appointed Sales Directors for Cboe Data Vantage in Asia Pacific
  • Hires reflect growing demand for data, analytics and related services in the region, facilitating access to U.S. and European markets
  • Expansion supports Cboe's ongoing global growth strategy for Data Vantage

CHICAGO, May 14, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the continued international expansion of its Data Vantage business with the hires of Junichi Nakagawa and Samuel Zou as Sales Directors in Asia Pacific. Mr. Nakagawa will be based in Japan and focused on market data sales, while Mr. Zou, based in Singapore, will lead efforts to grow Data Vantage's analytics and indices businesses in the region. These strategic hires reflect the growing demand from Asia Pacific investors for Cboe's leading data and access services, particularly as they seek greater exposure to U.S. and European capital markets.

Cboe operates 27 markets across five asset classes in the U.S., Europe and Asia Pacific, which includes leading equity trading venues in Australia and Japan. Its Data Vantage business leverages this extensive global network of exchanges to provide market participants with a comprehensive suite of high-quality and reliable market data, analytics and index products and solutions - delivered as seamlessly and efficiently as possible to investors worldwide.

During Q1 2025, 55% of Data Vantage's new data sales originated from clients outside the U.S, while the business has also received regulatory approval to sell its market data in China, highlighting its international expansion strategy.

"We continue to see strong demand from Asia Pacific investors for Cboe's Data Vantage products as they seek enhanced access and exposure to global markets, demonstrating the value of our ecosystem in unlocking new opportunities for participants worldwide," said Adam Inzirillo, Global Head of Cboe Data Vantage. "The addition of Junichi and Samuel will help enable us to build on this momentum and highlights the region's significance to the growth of our business. We are excited to leverage their industry expertise, strong client relationships and local market knowledge to help inform our future product roadmap in the region and enhance our ability to deliver our world-class solutions to investors in Asia Pacific."

To help meet international demand, market data from Cboe's U.S., European and Asia Pacific equities exchanges is available through multiple channels including Cboe Global Cloud, enabling investors to access real-time data with significantly reduced infrastructure costs wherever they are based. Additionally, Cboe's Global Indices Feed was recently made available on Snowflake Marketplace, offering a simple avenue for global customers to access high-quality market data.

In addition, to support increasing demand for expanded access to U.S. equities markets, particularly from Asia Pacific investors, Cboe recently announced plans to offer trading in U.S equities 24-hours, five-days-a-week (24x5), once regulatory approvals and industry developments are in place. As part of this initiative, Cboe plans to significantly expand distribution of its U.S. equities market data for Asia Pacific and European customers, recognising real-time pricing as a key component of the trading process.

"Increasing global access to our data benefits not only our Data Vantage business but also strengthens our trading ecosystem, as we often observe rising data consumption ahead of the implementation of new trading strategies," Inzirillo added.

Mr. Nakagawa joins Cboe from Nasdaq, where he was responsible for market data sales in Japan, and has previously held roles at major Japanese brokerage firms including SBI Securities, Rakuten Securities and Mizuho Securities. Mr. Zou joins from Factset, where he served as a Sales Director, following senior sales roles at Refinitiv and IHS Markit.

About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge 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. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

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Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

SOURCE Cboe Global Markets, Inc.

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