Exchange group Cboe announced on Thursday that it has hired JJ Kinahan as Senior Vice President, Head of Retail Expansion and Alternative Investment Products.
TradeInformer was the first to report on Kinahan’s departure from his prior role at IG Group earlier this year.
Kinahan served as the US CEO for the brokerage group, overseeing tastytrade and a number of other brands in the country.
He joined the firm in 2022, having spent the prior 16 years as TD Ameritrade. Kinahan has worked in derivatives trading for over three decades. He started his career as a Chicago Board Options Exchange market maker and went on to hold positions with ING Bank and Van Der Moolen.
In his new role at Cboe, Kinahan will be tasked with expanding the group’s presence in the retail market.
That includes promoting the company’s existing products. More interestingly, it also involves heading up a new division aimed at developing retail-friendly products.
Cboe said that will include “event-based trading, prediction markets, crypto derivatives, and tokenized instruments.”
The crypto derivatives and tokenised instruments in question are almost certain to be some form of perpetual futures.
Cboe announced plans in September to launch “continuous trading” on bitcoin and ethereum contracts, which strongly resemble the perpetual futures contracts we’ve seen in the crypto space for several years now.
“Cboe has long been recognized as a global leader in derivatives, known for pioneering many first-of-their-kind products that have transformed financial markets and opened new trading opportunities for investors,” said Kinahan.
“I’m excited to build on that legacy and work with the Cboe team to deliver the next generation of innovative solutions that meet the evolving needs of today’s retail traders.”
