Cboe Global Markets has appointed Ben Gough as Global Head of FX Liquidity Management, marking a significant hire for the derivatives and securities exchange operator's foreign exchange division.

Cboe Hires FX Industry Veteran Ben Gough to Lead Global Liquidity Management

The London-based executive brings extensive foreign exchange experience to his new position. He spent nearly four years at Fenics FX, where he worked in sales and liquidity management roles. Before that, Gough built his career over 14 years at UBS, progressing through various positions across multiple global financial centers.

“I’m happy to share that I’m starting a new position as Global Head of FX Liquidity Management at Cboe Global Markets,” he wrote in LinkedIn post.

At UBS, Gough's career trajectory took him from Zurich to New York and London. He started as an FX spot trader in Zurich in 2007 and worked his way up through electronic trading roles. His final position at the Swiss bank was Head of E-Trading Strategic Growth, where he managed all UBS ECN FX relationships globally.

Moreover, he held several leadership positions including Global Head of FRC E-Trading and Head of FX E-Trading Americas. His responsibilities included hedging, order placement, pricing strategy optimization, liquidity management, and client interaction.

In the meantime, Cboe Global Markets announced the departure of its Global President, Dave Howson. After three years in Chicago steering the exchange operator’s global expansion, Howson plans to return to the UK.

$1T In Monthly FX Volumes

Cboe operates as one of the world's leading derivatives and securities exchange networks, providing trading solutions across multiple asset classes including equities, derivatives, and foreign exchange. The company serves markets across North America, Europe, and Asia Pacific.

The exchange's FX division offers spot and non-deliverable forward liquidity, along with enhanced liquidity management tools, tailored reporting, and various execution options for clients.

The platform reports exceptionally high monthly trading volumes in the FX market, regularly exceeding $1 trillion. Although May saw a notable decline due to reduced volatility in the currency markets, daily volumes still averaged around $48 billion.