Gerald T. O'Connell is a longtime exchange and technology executive who was previously executive vice president of Cboe Global Markets and executive vice president and chief information officer of Chicago Board Options Exchange (Cboe). He served in that capacity from 1993 until he retired in 2017.
He led the technology efforts for five U.S. exchanges -- Cboe, Cboe Futures Exchange (CFE), C2 Options Exchange (C2), CBOE Stock Exchange (CBSX) and One Chicago. O'Connell oversees over 250 employees in Cboe’s Systems Division, the company’s largest division, which includes Systems Development, Systems Operations and Systems Planning.
O’Connell joined CBOE in the systems area in 1984 after creating and implementing high-frequency, real-time, transactional-based systems for the Hyatt Corporation from 1981 to 1984.
Under O’Connell’s leadership, CBOE was the first options exchange to support electronic trading, an electronic order book, an automatic quotation system and wireless hand-held trading terminals. He oversaw the development of CBOE’s Hybrid Trading System, a groundbreaking trading model launched in 2003, which successfully integrates trading floor and screen-based trading on a single exchange.
O’Connell oversaw the development and implementation of CBOEdirect and CBOE Command, successive generations of revolutionary trade engine technology. Both CBOEdirect and CBOE Command were designed to accommodate trading across asset classes – options, stocks, futures and options on futures – on separate exchanges. CBOE Command, the options industry’s current state-of-the-art in trade engine technology, offers more options and volatility products -- and more ways to trade them -- than any other platform in the world.
O’Connell also previously served as a board member of the National Stock Exchange (NSX).
He has been recognized with numerous awards for excellence in information technology, including CIO Magazine’s “CIO 100” award, Institutional Investor’s “Trading Technology 30” award, Computer World Magazine’s “Smithsonian Award,” and Wall Street Letter awards for “Best Options Trading Platform” and “Most Innovative Exchange Technology.”
O’Connell holds a Jurist Doctorate degree from John Marshall Law School and a Bachelor of Science degree in Mathematics from Lewis University. He is a member of the Illinois State Bar Association and the Chicago Bar Association.
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