Eric Frait is Senior Vice President, Options Advancement and Strategy for Cboe Global Markets (“Cboe”).  In this role, he is responsible for strategy and oversight of all four of  Cboe’s  options  markets  and  their  listed  options products,  pricing  structures, market models and competitive positioning.  He is responsible for ongoing strategic and  competitive  analysis,  identifying  and  monitoring  key  industry  and  competitive trends,  coordinating  product  advancement  and  business  development  initiatives, and oversight of certain special initiatives such as Cboe’s Global Trading Hours (GTH) and  user  expansion  efforts.    His  role  involves  oversight  of  retail  and  institutional education and customer development, as well as supervision of the Options Institute, the  leading  industry  educational  resource  for  over 25  years,  and  ongoing  cross-departmental  coordination  with,  among  others,  Cboe’s  Business  Analysis,  Global Client Services and Market Structure and Functionality departments, to maximize the position and performance of Cboe’s options products and exchanges. He  has  been  with  Cboe  for  over  22  years,  having  begun  in  1996  in  the  Regulatory Division.  He moved to the educational arm of the CBOE, the Options Institute, in 1998 as a Senior Instructor, where he taught options fundamentals and strategy to retail and institutional investors.  In 2000, he became Cboe’s Director of Strategic Planning, was  named  a  Vice  President  in  2004,  head  of  Business  Analysis  in  2013,  and  in  his current role since 2017.  He began his career in the derivatives industry working in the Futures and Securities Division of Harris Bank in 1994.  In 1995, he was employed with Hull  Trading  Company,  LLC  as  an  Assistant  Trader  on  the  Chicago  Mercantile Exchange, Chicago Board of Trade and Cboe trading floors.   He  has  a  Bachelor  of  Arts  degree  in  Political  Science  and  Russian  Studies  from  the University of Iowa, as well as an MBA with honors from Loyola University Chicago with specializations  in  Finance,  Economics  and  Financial  Derivatives.    He  resides  in Naperville, Illinois.