Institutional Infrastructure
for Event Contracts
for Event Contracts
Rothera’s mission is to operate the premier CFTC-regulated event contract market providing trading and clearing services to FCMs and market makers.
We believe the standards set today will form the foundation for the future of event contract markets.
Promote ecosystem quality through strong protections against fraud and manipulation.
List only event contracts that comply with the Commodity Exchange Act (CEA) and Core Principles.
Evaluate listings with an eye toward market integrity and the reputations of Rothera and the firms on our venue.
Operate under U.S. legal and federal regulatory jurisdiction, backed by leading capital markets firms committed to the long-term development of the market.
Our approach is designed to meet the expectations of established financial institutions.
We don’t compete with FCMs for end-customer relationships or operate an in-house market maker, minimizing channel and trading conflicts.
We develop products and services alongside FCMs and market makers, within a market structure designed to support ecosystem-wide quality.
We take a selective approach to listings, applying sound and well-informed financial markets judgment to a rapidly evolving category.
Our team brings extensive experience designing listed products and electronic trading solutions at exchanges, clearinghouses, prime brokers, and beyond.
Decades of work across regulated capital markets have built longstanding relationships with ISVs, infrastructure providers and buy-side and sell-side firms.
Our leadership team brings decades of experience building and operating regulated financial markets.
Thomas Chippas brings more than 30 years of experience spanning digital assets, technology and financial services. He was most recently CEO and Director of Argo Blockchain. Prior to that, Mr. Chippas built and scaled Cboe Digital (formerly known as ErisX), a DCM/DCO and spot market for digital assets, as CEO, spearheading its sale to Cboe in 2022. Before that, he was a COO of Axoni, Chief Executive Officer of Citadel Technology, and held senior leadership roles at Citi, Barclays and Deutsche Bank.
Matt Trudeau was previously Chief Executive Officer at Nori, leading the development of a carbon removal credit market and registry. Prior to that, he was COO at Cboe Digital (formerly known as ErisX). A serial exchange founder, Matt has more than 25 years of experience in electronic trading and financial markets and has led or assisted in launching and operating 14 markets for equities, commodities, derivatives, and cryptocurrencies in the U.S., Europe and Asia in leadership roles at IEX, Instinet, and Chi-X.
Bryan Stuart brings more than 30 years of finance experience, having held CFO roles at Cboe Digital (formerly known as ErisX), Abundant Venture Partners, Livevol, Junction Solutions and more. He began his career at Deloitte where he served clients in the financial services industry, including securities and futures exchanges/clearing organizations, brokers/dealers, FCMs, private investment funds, and registered investment advisors.
Joseph McGlawn was most recently Head of Cboe Clear U.S., and before that was Head of Clearing at ErisX, where he spent five years overseeing the clearing and settlement of the firm’s crypto spot and futures markets. Including his time at Barclays prior to ErisX, he brings nearly two decades of clearing experience.
Ian Grieves brings more than 25 years in financial services roles spanning trading, brokerage and technology. He was most recently VP Product and Strategy at Cboe Digital (formerly known as ErisX), where he spent more than seven years leading product. Prior to that, he was a Director of Product Management at Vela Trading Technologies (formerly Object Trading).
Laurian Cristea brings more than 15 years of experience at the intersection of traditional finance, digital assets, and now event contract markets. He joins Rothera from Barnes & Thornburg LLP, where he was a partner and led the firm’s financial innovation practice. Previously, Mr. Cristea served as General Counsel at Cboe Digital (formerly known as ErisX), where he was a key architect of the firm’s regulatory strategy leading up to its acquisition by Cboe. His career also includes significant experience at an international clearinghouse group based in London, and at the CFTC in the Division of Market Oversight.
Founding team and vision established
Strategic investment from Robinhood and Susquehanna International Group
Announced agreement to acquire MIAXdx, a CFTC regulated DCM, DCO, and SEF
Completed regulatory approvals and finalized the acquisition of MIAXdx
Core PCE Price Index, U.S. Weekly Jobless, Professional Baseball
Soccer, Tennis, Fed Rate Announcement
Professional Football, College Football, Elections, Professional Golf, Professional Hockey, Professional Basketball (with more to follow in Q3/Q4)
Rothera operates a derivatives exchange and clearinghouse regulated by the U.S. Commodity Futures Trading Commission (CFTC), with the following registrations: