CHICAGO, Dec. 5, 2022
/PRNewswire/ -- Cboe Digital is pleased to announce it has
completed an independent Service Organization Controls (SOC)
audit of its clearing services platform, Cboe Clear Digital, and
received a SOC 1 Type II certification, completed by a large
national public accounting firm. The SOC 1 Type II examination
reviewed Cboe Clear Digital's design, implementation and operating
effectiveness of its financial transaction operations and reporting
controls.
"Completion of our SOC 1 Type II audit demonstrates Cboe
Digital's continued commitment to the highest levels of financial
and operational controls," said John
Palmer, President of Cboe Digital. "Independent audit of our
operations and security compliance is one thing our institutional
partners expect, to foster trust and verify the critical
controls that must be in place when choosing to participate on
crypto exchanges and clearinghouses."
In addition to the SOC 1 Type II certification, Cboe Digital has
a SOC 2 Type II certification. The SOC 2 Type II reviews Cboe Clear
Digital's security, system changes and upgrades, systems
availability, protection of customer funds and information and
auditing procedures as well as the internal standards by which Cboe
Digital staff hold themselves accountable.
Cboe Digital operates a regulated exchange and clearinghouse
with Designated Contract Market (DCM) and Derivatives Clearing
Organization (DCO) licenses from the U.S. Commodity Futures Trading
Commission (CFTC). Cboe Digital is obligated to keep member funds
safe and segregated. The traditional market infrastructure was
designed upon building blocks from the established capital markets
to help ensure proper security protocols were in place. This best
practice is in the interest of the member and to further help
establish confidence in the crypto markets.
About Cboe Global Markets,
Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities,
derivatives, FX, and digital assets, across North America, Europe and Asia
Pacific. To learn more, visit www.cboe.com.
About Cboe Digital
Cboe Digital offers individuals and institutions a single,
innovative platform to access crypto spot and futures
markets. By combining professional tools, advanced technology,
sophisticated regulatory oversight, and a diverse product set, Cboe
Digital offers compliant, capital markets friendly workflows to
digital market participants. Backed by some of the world's largest
trading firms and financial institutions, Cboe Digital brings
transparency and reliability to the digital asset class.
Cboe Digital Futures are offered through Cboe Digital Exchange,
LLC, a CFTC registered DCM and Cboe Clear Digital, LLC, a CFTC
registered DCO. The CFTC does not have regulatory oversight
authority over virtual currency products including spot market
trading of virtual currencies. Cboe Digital's Spot Market is not
licensed, approved or registered with the CFTC and transactions on
the Cboe Digital Spot Market are not subject to CFTC rules,
regulations or regulatory oversight. Cboe Digital Spot Market may
be subject to certain state licensing requirements and operates in
NY pursuant to Cboe Clear Digital license to engage in virtual
currency business activity by the New
York State Department of Financial Services. Cboe Digital
and the Cboe Digital logo are trademarks of the Cboe Global Markets
Group of companies. To learn more, visit www.cboedigital.com.
Cboe Media
Contacts
|
Cboe Analyst
Contact
|
Angela Tu
|
Jessica
Darmoni
|
Kenneth Hill,
CFA
|
+1-646-856-8734
|
+1-312-756-8716
|
+1-312-786-7559
|
atu@cboe.com
|
jdarmoni@cboe.com
|
khill@cboe.com
|
CBOE-C
CBOE-OE
Cboe® and Cboe Global Markets® are
registered trademarks and Cboe DigitalTM and Cboe
ClearTM are service marks of Cboe Global Markets,
Inc. and its subsidiaries. All other trademarks and
service marks are the property of their respective owners.
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SOURCE Cboe Global Markets, Inc.