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CHICAGO, June 14, 2021 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and provider of global trade solutions, today announced the creation of Cboe Empowers, a community engagement program that provides mentorship, scholarships and guidance to underfunded students on their educational journey through access to Cboe’s employees, resources , work environment and other learning and experiential opportunities.
The program was initially launched in Chicago, with plans to expand to other Cboe office locations around the world. Cboe Empowers’ vision is to support students at all stages of education from elementary or elementary school to careers by providing mentorship, learning and experience opportunities, professional development and scholarships to students within the Chicago Public School (CPS) system and graduates pursuing higher education. Cboe Empowers will complement its own programs by working with local partners, including the Greenwood Project and Working in the Schools (WITS), to create maximum impact for its participants.
“We are committed to being a local partner in the communities where we live and work, and many of our employees are already involved in outstanding charitable and mentoring organizations,” said Ed Tilly, chairman, president and CEO of Cboe Global Markets and board member of Cboe Empowers. “Cboe Empowers is a way to bring these collective experiences together to tackle barriers and equip the next generation with the tools, resources and professional networks they need for early career success.”
Cboe Empowers is the company’s most ambitious philanthropic venture to date with over $2.5 million initially committed from Cboe and held in a donor-advised fund. The program was officially launched this spring when Cboe donated $250,000 to Navy Pier on behalf of the Greenwood Project to support educational programs and summer work for youth in Chicago. Several Greenwood Project scientists were also selected to participate in Cboe’s summer internship program for 2021.
The Greenwood Project is a non-profit organization dedicated to introducing black and Latinx students to careers in the financial industry. Cboe has been providing Greenwood Project students with access to the Cboe trading floor, corporate offices, and other learning opportunities for several years now.
To continue its partnership Dec 2020, Cboe donated $250,000 to help fund the Greenwood Project’s annual activities. Cboe then further anchored its long-term support by committing to a $100,000 donation per year for the next five years. In addition, Catherine Clay, Executive Vice President, Data and Access Solutions at Cboe, has joined the Greenwood Project Board of Directors and Gina DeRaimo, Senior Vice President, Business Optimization at Cboe, has joined the organization’s education committee.
WITS (Working in the Schools) is the largest provider of literacy programs to Chicago public primary schools. For more than two decades, Cboe has provided resources and mentors from the company’s employee base and trading floor to activate weekly one-on-one after-school literacy-focused mentoring programs at Cboe. Through Cboe Empowers, students in the WITS literacy program can access Cboe’s educational offerings and Greenwood Project’s programs and services as they transition into high school and beyond.
“Cboe Empowers and our partners share a vision for helping under-available resources Chicago young people access employment through education and exposure,” said,” Sharon Stanciel, Senior Director, Political and Civic Affairs at Cboe, and Chief Executive Officer of the Cboe Empowers Board. “By introducing students to the variety of job types and opportunities at Cboe, we hope they can realize the career choices available within each industry as they build their future.”
“We are extremely grateful for Cboe’s commitment to Chicago communities through their support of Navy Pier’s employment initiatives,” said Marilynn Kelly Gardner, President and CEO of Navy Pier. “We share a commitment to serving our local communities and are excited to partner with Cboe Empowers to advocate for and support the city’s youth.”
“We are grateful for Cboe’s continued support and look forward to making Cboe Empowers a success,” said Bevon Joseph, Co-Founder and CEO of the Greenwood Project. “We are on a mission to build a true diversity pipeline for financial services, and Cboe’s commitment to the Greenwood Project and Cboe Empowers will help an entire generation of students plan for a future they never thought possible. “
“We are excited to be a part of Cboe Empowers and its mission to support Chicago young people on their educational journey,” said Very Latin, CEO of WITS. “We know that young people who persevere through family economic challenges and institutional barriers are four times more likely to graduate when exposed to early education programs and develop advanced reading and comprehension skills in the fourth grade. Cboe is doing its part to open doors by providing early access to its facilities, employees and other resources.”
Cboe Empowers is part of the company’s commitment to environmental, social and governance (ESG) initiatives that accelerate change to better serve communities, customers, employees and the planet. For more information, read the Cboe 2021 ESG Report.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) provides advanced trading and investment solutions to market participants worldwide. The company is committed to defining markets through product innovation, leading technology and seamless trading solutions.
The company offers trading in a wide range of products across multiple asset classes and geographies, including options, futures, US, Canadian and European equities, exchange-traded products (ETPs), global currencies (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world’s leading measure of US stock market volatility.
Cboe’s subsidiaries include the largest options exchange and the third largest stock exchange operator in the US. In addition, the company operates one of the largest exchanges by value traded in Europe, and owns EuroCCP, a leading pan-European equity clearing house. Cboe is also a leading market for ETP listing and trading worldwide.
The company is located in Chicago with a network of domestic and global offices across America, Europe and Asia, including major hubs in New York, London, Kansas City and Amsterdam. For more information visit www.cboe.com.
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Cboe, Cboe Global Markets, Cboe Volatility Index and VIX are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
SOURCE Cboe Global Markets, Inc.
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