Edward T. Tilly To Chair Chicago Board Options Exchange (CBOE) For Another Year

The Board of Directors of the Chicago Board Options Exchange (CBOE) today announced that Edward T. Tilly will serve as vice chairman of the Chicago Board Options Exchange in 2005. Tilly, the current CBOE vice chairman and a member of

By None

The Board of Directors of the Chicago Board Options Exchange (CBOE) today announced that Edward T. Tilly will serve as vice chairman of the Chicago Board Options Exchange in 2005. Tilly, the current CBOE vice chairman and a member of the board of directors, will serve his second one-year term as vice chairman.

“We are delighted that Ed will serve a second term as CBOE Vice Chairman. During the course of his 16-plus years at CBOE, Ed has been an integral member of numerous committees and has demonstrated a strong commitment to bettering our exchange,” says CBOE Chairman and CEO William J. Brodsky. “Today, in an era of rapid advancements in trading technologies, Ed’s expertise in this area has been invaluable to the exchange; particularly as we continue the implementation of our revolutionary Hybrid trading model. While CBOE has made tremendous strides over the past year, much remains to be done and Ed will play a major role in driving these initiatives.”

A CBOE member since 1989, Tilly is a Designated Primary Market Maker (DPM) Designee for Botta Capital Management, LLC. He has served on the CBOE Board of Directors in 1998, 1999, 2000, 2003 and 2004. In 2004, he chaired the Floor Directors and Strategy Implementation Committees, and served on the Compensation, Executive, Special Appointments, Modified Trading Systems (MTS) Appointments, and Special Product Assignment Committees. Tilly is a graduate of Northwestern University.

Tilly was declared vice chairman by the CBOE Board of Directors to take office on January 1, 2005. This is Tilly’s second consecutive term as CBOE vice chairman. The Vice Chairman at CBOE is the highest member-elected position at the Exchange and carries a one-year term with a maximum of three consecutive terms served.

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