Cboe Australia’s APAC Expansion
Cboe, “TheExchange for the World Stage” is the world’s go- to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions to people around the world. Today they provide trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets, across North America, Europe and Asia Pacific. In June 2021 Cboe Global Markets, Inc. acquired Chi-X Australia, now Cboe Australia, driving their APAC expansion.
Project Overiew
Cboe engaged Limelight People to exclusively manage the end-to-end recruitment process for permanent IT hires in Australia.
LIMELIGHT’S REMIT: Identify, source and secure a skilled team of engineers and Capital Markets professionals for Cboe’s APAC head office based in Sydney, Australia.
Limelight Project Overview
- Assign Limelight’s dedicated Cboeprojectteam
- Create and implement market communication strategy with Cboe’s approval
- Conduct targeted candidate search campaigns for technologists with skills aligned with Cboe’s core engineering functions
- Identify specialists from within the Capital Markets industry and other related high performance engineering industries
- Track, monitor and communicate outputs to Cboe
- Source, secure and onboardall briefs
Challenges Overcome
- Market dynamics (low candidatesupply / high candidate demand) created a challenging sourcing environment with the ratio of jobs to candidates at 10:1 for engineering roles during the campaign
- Advertising campaigns and other traditional active candidates sources provided low application volumes and limited candidate suitability.
- Sourcing was limited to targeted headhunting leveraging
- Limelight’s unique global database
Results
- 100% Fill Rate Achieved
- 97% Employee Retention
The success of this campaign and Cboe’s retention success reflects Limelight’s capability, relationship with Cboe and Cboe’s excellent employee engagement and development programs.
- 30 Permanent Hires
Limelight successfully placed all 30 hires. Each hire played, and continues to play, an integral role in Cboe’s APAC expansion.
Limelight’s professionalism, market acumen, and seamless collaboration have made them a valued partner in our growth journey. We highly recommend
Limelight to any organisation seeking a proficient, intuitive, and efficient recruitment partner, and we look forward to continuing our partnership as we expand our team further.
Rylan Uherek
VP – Chief Operating Officer APAC