Data Security

Security is given priority by Cboe FX. At the system level, Cboe FX uses encryption and digital certificates to protect the confidentiality of its customer's trade and order data. To access the Cboe FX system, users must provide a unique UserID and password, and network traffic is encrypted in SSL.

In the event of an attempt to hack the system, Cboe FX automatically disables a UserID after a specified number of failed login attempts, and re-enabling the UserID requires the intervention of the customer's prime broker and/or Cboe FX operations.

At the operations level, access to customer's trade and position data is restricted to only those Cboe FX staff members who need this data to perform their jobs.

Entitlements and Permissioning

Cboe FX provides multiple levels of control to both customers and prime brokers.

A customer can have several UserIDs on the Cboe FX system, and can entitle each differently for system functionality, e.g., front office staff may have order entry and trading authority while back office staff may only have access to reporting functionality.

Similarly, prime brokers may permission certain staff with the ability to create and manage customer accounts and credit allocations within the Cboe FX system, while other staff may only have access to reporting.

Data Center Reliability

Cboe FX maintains a primary and backup data center in geographically separate areas. Both data centers have UPS protection and on site power generators. The backup datacenter is tested annually with a subset of customers.