Paul Stephens is Vice President and Head of Product Advancement, Global Derivatives, Cboe Global Markets. He currently focuses on index-related products such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (VIX), the world's barometer for market volatility.
Mr. Stephens has over thirty years industry experience in options, futures and other derivative securities. Prior to joining Cboe, Mr. Stephens was a Senior Staff Instructor with The Options Institute division of Cboe. He also taught classes for the University of Chicago’s Masters in Financial Mathematics program. Before arriving at the Cboe, he served as Financial Derivatives Instructor for the global investment bank S.G. Warburg. Mr. Stephens has also been a floor broker at the Chicago Mercantile Exchange for clients of Refco, Inc.
Paul Stephens has successfully passed three exams administered by the Society of Actuaries, holds a BS in Mathematics from Southern Illinois University and earned his MBA from Loyola University.