Wayne Luthringshausen

From MarketsWiki
(Redirected from Wayne P. Luthringshausen)
Jump to: navigation, search
Occ-logo-2.gif

Wayne P. Luthringshausen
Wayne.Luthringshausen.jpg
Occupation Chairman and CEO
Employer OCC
Website www.optionsclearing.com

Wayne P. Luthringshausen is former chairman of the board and chief executive officer of OCC, the clearinghouse for U.S. stock options trading.[1] He retired on December 31, 2013 after 40 years with the clearinghouse. Former OCC president and COO Michael Cahill took over as CEO in January 2014.[2][3] Former CME Group CEO Craig Donohue replaced Luthringshausen as OCC chairman.

Background

Luthringshausen began his career in the securities and futures industry in 1963 with two regional firms in New Orleans, Louisiana. In 1970, he joined the Chicago Board of Trade (CBOT) to assume an active role in the development of the first central marketplace for the trading of listed options contracts, the Chicago Board Options Exchange (CBOE).

In April 1973, when trading was launched at the CBOE, Luthringshausen was appointed executive vice president and secretary of the Chicago Board Options Exchange Clearing Corporation (CBOECC) and in August, 1973, was appointed President and Chief Executive Officer. In January, 1975, the CBOECC became OCC with the approval of the Securities and Exchange Commission. OCC currently performs the issuance, clearance, guarantee and settlement functions for all U.S. securities options exchanges and other entities.

Affiliations

Other affiliations include the Ad Hoc Coalition for Intermarket Coordination, Risk Management Center, IIT/Stuart School of Business Advisory Board, the International Association of Options Exchanges and Clearing Houses, International Organization of Securities Commissions Consultative Committee, Saint Patrick High School Board of Trustees and Finance Committee, Chicago Area Boy Scout Dinner Executive Committee, and the Economic Club of Chicago.

In 2002, he received the first annual "Options Industry Appreciation Award" (later renamed the Joseph W. Sullivan Award) on behalf of the entire options industry.[4]

Education

Luthringshausen is a graduate of Loyola University of Chicago where he earned a bachelor of science degree in Accounting. In 1979, he completed the Advanced Management Program at Harvard Business School.

References

  1. Wayne P. Luthringshausen Bio. OCC.
  2. OCC Announces Leadership Changes. Options Clearing Corporation.
  3. Head of Options Clearinghouse to Retire. The Wall Street Journal.
  4. OCC Timeline. OCC.