Dale Michaels

Dale Michaels is an experienced finance professional currently serving as the Head of Cboe Clearing at Cboe Global Markets since July 2025, focusing on clearing development, innovative products, crypto, and risk management. Prior to this role, Dale held the position of Senior Risk Management Officer at TMX Group from April 2024 to July 2025, where responsibilities included enterprise risk management and margin model development. Dale also served as Chief Financial Risk Officer at The Options Clearing Corporation from January 2016 to April 2024, overseeing risk management across various financial markets. Earlier, Dale was Managing Director of Risk Management at CME Group for two decades, specializing in regulatory lead and quantitative analytics. Educational credentials include an M.B.A. in Finance from DePaul Driehaus College of Business and a B.S. in Finance and Economics from Illinois State University.