William J. Brodsky

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William J. Brodsky
Occupation	Chairman & CEO
Employer	Chicago Board Options Exchange
Location	Chicago
Web site	www.cboe.com

William J. Brodsky is chairman and chief executive officer of the Chicago Board Options Exchange (CBOE).^[1]

Brodsky in February 2009 became the first executive of a derivatives exchange to assume chairmanship of the World Federation of Exchanges (WFE). Previously, he was vice chairman of WFE.^[2]

Brodsky is a committee member of the Committee on Capital Markets Regulation,^[3] a group of industry leaders and academics that offered 57 recommendations including a reduction in the number of regulatory bodies, an arrangement that would give the Federal Reserve added power and create a single U.S. financial services authority.^[4] He also serves on the CFTC Global Markets Advisory Committee.^{[5] [6]}

Background

Brodsky began his career as an attorney in the securities industry with the firm of Model, Roland and Company in 1968. In 1975, he joined the American Stock Exchange (AMEX) where he became head of options trading in 1976 and served as executive vice president for operations between 1979 and 1982. He also served as the AMEX representative on the board of The Options Clearing Corporation. In 1994, the AMEX honored him for his role in the ministration.^[7][8]

Brodsky serves as a director of Integrys Energy Group, Inc, an S&P 500 company. He is a member of the Federal Reserve Bank of New York’s International Advisory Committee, the Council on Foreign Relations in New York City, and the Economic Club of Chicago. He is also the former chairman of the International Options Markets Association (IOMA).

He serves on the Kellogg School of Management Advisory Council, as a trustee of Syracuse University and is a member of the Board of Directors of Northwestern Memorial Hospital and chairs its investment committee.

Awards

Brodsky was selected for induction into the Derivatives Hall of Fame in April 2000 and the Junior Achievement Chicago Business Hall of Fame in October 2001. He was awarded the "Lifetime of Achievement Award" by the Anti-Defamation League in June 2003. In 2009, Brodsky was recipient of the Joseph W. Sullivan Options Industry Achievement Award to recognize individuals who have made outstanding contributions to the growth and integrity of the U.S. options market.

Brodsky also received the William F. Sharpe Indexing Lifetime Achievement Award for his career-long support of index products as risk-management tools. The award was presented in December 2009 at the Super Bowl of Indexing Conference in Phoenix, Arizona.^[9]

Education

Brodsky holds an A.B. degree and a J.D. degree from Syracuse University and is a member of the Bar in Illinois and New York.

Testimony

• [1]. Testimony before the U.S. House Financial Services Committee on the Administration’s Financial Regulatory Reform Proposal, 7/17/09]

• After The Crash: Linkages Between Stocks and Futures

OpEds/Press

• OpEd: "No failures, no closures, no taxpayer rescues," Financial Times, Sept. 24, 2009

^[10]

• OpEd: "A Real Regulatory Redundancy," Wall Street Journal, Oct. 19, 2007 ^[11]

References

1. ↑ CBOE 2007 Annual Report. CBOE. Retrieved on April 20, 2009.
2. ↑ WFE Board of Directors. World Federation of Exchanges. Retrieved on April 20, 2009.
3. ↑ Committee Members. Committee On Capital Markets Regulation. Retrieved on May 26, 2009.
4. ↑ U.S. Financial Rules Need Overhaul, Fewer Agencies, Group Says. Bloomberg. Retrieved on May 26, 2009.
5. ↑ Global Markets Advisory Committee Members. Commodity Futures Trading Commission. Retrieved on November 20, 2009.
6. ↑ CFTC, Toothless Regulator, Looks to Take a Bite Out of Derivatives. Huffington Post. Retrieved on November 20, 2009.
7. ↑ Obama's SEC Chair, Any Guesses?. Clusterstock.com. Retrieved on November 13, 2008.
8. ↑ Obama's Pick for SEC Is `Urgent' Task, Lawmakers Say. Bloomberg via Yahoo. Retrieved on November 13, 2008.
9. ↑ CBOE CHAIRMAN AND CEO WILLIAM BRODSKY RECEIVES INDEXING LIFETIME ACHIEVEMENT AWARD AT SUPER BOWL OF INDEXING CONFERENCE. CBOE. Retrieved on December 17, 2009.
10. ↑ "No failures, no closures, no taxpayer rescues, Financial Times (Trading Room), Sept. 24, 2009. CBOE. Retrieved on Jan. 11, 2009.
11. ↑ "A Real Regulatory Redundancy, WSJ, Oct. 19, 2007. CBOE. Retrieved on Jan. 11, 2009.