The COO of CBOE Global Markets Chris Concannon is leaving the company. The former CEO of BATS who took over from Joe Ratterman in 2015 is leaving the firm to pursue other opportunities. The news was announced in an official press release from the Chicago-headquartered derivatives exchange.

Chris Concannon was instrumental for BATS’ acquisition of Hotspot FX. His vast experience in the industry is raising a lot of questions about his plans. The former BATS CEO and CBOE COO was instrumental for the public listing of the exchange in 2016 and the subsequent sale of the company.

Before joining the CBOE and BATS, Concannon served as president and COO of Virtu Financial. His position at the proprietary trading firm famous with its high-frequency trading strategies was preceded by a six-year tenure at NASDAQ OMX, where he was executive vice president of  Transaction Services U.S.

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