Rich Jaycobs

Biography

​​Rich Jaycobs has extensive experience in exchange and clearinghouse operations, technology, and regulatory matters. From 2007 until 2021 Rich was President and CEO of Cantor Exchange, Cantor Clearinghouse, and ELX Futures.  

​Rich was CEO of The Clearing Corporation (formerly the Chicago Board of Trade Clearing Corporation) between 2005 and 2007 and, from 1999 through 2005, he was founder and CEO of onExchange, the first fully approved non-intermediated, straight-through-processing, direct-to-retail DCM and DCO registered by the CFTC.  

​Currently Rich facilitates applications for DCMs and DCOs based on best practices, related operating strategies, and technical considerations. As principal or advisor, Rich has provided material strategic, operational, and regulatory support for seven approved DCM applications and six approved DCO applications and several pending applications. 

​Rich has advised international marketplaces in Europe, Asia, Africa, and the Middle East on binary options, agricultural, and financial derivatives. He received U.S. regulatory approval to trade event contracts, short-duration digital options, pin-drop weather contracts, bitcoin contracts, and parimutuel payout contracts. 

​Rich is familiar with the system safeguard requirements as specified in Part 38 and Part 39 of the Commodity Futures Trading Commission regulations and has participated in system safeguard and risk management briefings required under those parts. 

​Rich is the author of several industry publications on new markets and market liquidity and was the co-editor of the anthology book, From Black-Scholes to Black Holes: New Frontiers in Options.​