Edward T. Tilly
Edward T. Tilly is chairman and chief executive officer of Cboe Global Markets, 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.
Before being named chief executive officer in 2013, Tilly was the company's 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.
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 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.
Tilly received B.A. degree in Economics from Northwestern University.
John Lothian News Interviews
In this video from JLN’s Industry Leader Series, Cboe Global Markets Chairman, President and CEO Ed Tilly talks about why the Transaction Fee Pilot is a misguided effort in search of a problem, specifically raising the issue of why such a plan does not address the boom in dark pool trading. Tilly also addresses Cboe nearing the end of the Bats technology integration and gives an outlook for the exchange’s asset classes in 2019.
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.
MarketsWiki Education Videos
In this video from MarketsWiki Education’s Intern Recruiting event in Chicago, Ed Tilly, chairman and CEO of Cboe Global Markets, discusses how changes in technology force you to adapt to stay ahead of the curve. Tilly breaks down what's going on in the exchange space and how the Cboe has changed over the years. With the explosion of screen trading and the end of open outcry trading, exchanges have had to roll with the punches and make sure customers are happy. Tilly’s goal is to bring transparency and liquidity to the marketplace
JLN News Feed
Why everyone is now an options trader; Strategists See Growing Bets on Emerging-Markets Via ETF Options
[JPX,TSE,OSE,TOCOMTrading Overview in April 2021]
[JPXStatus of Acquisition of Own Shares]
SIFMA, ICI and DTCC Leading Effort to Shorten U.S. Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date April 15, 2021
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.