Cboe director departs to re-join Matrix as head of options execution strategy

Incoming individual had been with Cboe for almost two years after previously serving at Matrix, Dash Financial Technologies, ConvergEx Group and JP Morgan.

Former director at Cboe Global Markets has left the exchange operator after less than two years to re-join agency only broker-dealer Matrix Executions.

Michael Sparacino has been appointed head of options routing strategy at Matrix.

He re-joins the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022.

“Thank you to my team and colleagues at Cboe Global Markets for the amazing opportunity to grow and learn at a special company. I’m looking forward to re-joining the amazing team at Matrix Executions to help in their growth journey,” said Sparacino in a statement on social media earlier this month.

Sparacino has an extensive career in options trading after also previously in senior sales and options roles for four years at Dash Financial Technologies and six and a half years at ConvergEx Group. He began his career as a fixed income support analyst at JP Morgan.

“The warmest of welcomes to Michael Sparacino, the new head of options routing strategy at Matrix Executions. Mike (re)joins Matrix after a two-year chapter with Cboe Global Markets – we’re thrilled to have him back on the team,” said Matrix Executions in a statement on social media.

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