Edward T. Tilly

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Edward T. Tilly
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Occupation Chief Executive Officer
Employer CBOE
Location Chicago
Website www.cboe.com

Edward T. Tilly is chairman and chief executive officer of CBOE Holdings, Inc. He assumed the additional role of chairman on February 28, 2017 with the close of the CBOE acquisition of Bats Global Markets, Inc, replacing former chairman William Brodsky.[1]

Before being named chief executive officer in 2013, Tilly served CBOE president and chief operating officer (COO) from November 2011 thru May 2013. He served as CBOE's executive vice chairman from 2006 to 2011 and held the highest member-elected position at the exchange as CBOE's member vice chairman from 2004 to 2006.[2]

Tilly came to CBOE as a trading floor clerk in 1987 and became a floor trader and CBOE member in 1989. He traded as both a market maker and a designated primary market maker (DPM) until joining CBOE's executive management team in 2006.

As a CBOE member, Tilly served on the CBOE board of directors from 1998 to 2000 and again from 2003 to 2006 and chaired the CBOE Floor Directors Committee from 2004 to 2006. He was also a member of the Executive, Compensation and Governance Committees, key committees of the CBOE board of directors.

Tilly currently serves on the board of directors for Northwestern Memorial HealthCare, the OCC and Working in the Schools and on the Board of Visitors of the Weinberg College of Arts and Sciences at Northwestern University. Tilly is a member of the Economic Club of Chicago and the Chicago Club.

Education

Tilly received B.A. degree in Economics from Northwestern University.

John Lothian Newsletter: Two-Part Interview with Ed Tilly

Taking the Reins: CBOE’s Ed Tilly Makes The Transition to CEO

It has been half a year since Ed Tilly took over as CEO of the CBOE from Bill Brodsky, who moved to the newly created role of executive chairman.

With six months under his belt, John Lothian News Publisher John Lothian sat down with him to talk about his new job, new initiatives from the CBOE and the challenges facing the industry.[3]


Getting Shorter: CBOE’s Ed Tilly Introduces Short-term VIX and Industry Taxes

In Part 2 of this interview, Tilly talks about the CBOE extending the VIX trading hours to access trading from European traders and how he expects the VIX will someday be open the same hours as the CME’s Globex S&P 500 futures.

He also talked about the CBOE’s new VXST short-term VIX contract, which will offer traders a much more sensitive instrument to be able to trade short-term events.

He spoke about the meeting the industry had with the chairman of the SEC about problems that have plagued the markets in recent months.

Lastly, he spoke about the impact of the Camp Proposal, a piece of proposed legislation from Rep. Dave Camp (R-MI), a member of the House Committee on Ways & Means, that could have a big impact on the options business and its customers. Camp’s proposal includes several provisions that would change the tax treatment for strategies used in options trading. Some believe it could severely harm the listed options business in the United States.[4]

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References

  1. CBOE HOLDINGS ANNOUNCES PLANNED CHANGES IN BOARD LEADERSHIP ROLES AT CLOSE OF TRANSACTION WITH BATS GLOBAL MARKETS. CBOE.
  2. Press Release. CBOE.
  3. Taking the Reins: CBOE’s Ed Tilly Makes The Transition to CEO. John Lothian News.
  4. Getting Shorter: CBOE’s Ed Tilly Introduces Short-term VIX and Industry Taxes. John Lothian News.