William Brodsky will step down as chief executive officer of CBOE Holdings Inc. in May, ending his 16-year tenure running the biggest operator of U.S. options markets. He will become executive chairman of the board.
David Slaine had a secret for the FBI that summer day, one of scores he would eventually reveal in his role as a dream informant. The subject was Teterboro Airport. Slaine claimed a money manager he knew was using it to profit quietly on trades of health-care stocks.
Edward Tilly, who will become chief executive officer of CBOE Holdings Inc. next year, said he will expand trading of the Chicago Board Options Exchange Volatility Index to drive growth at the biggest U.S. options market.
CBOE Holdings Inc. Chief Executive Officer William Brodsky said regulators shouldn’t apply rules that operate in the stock market to options exchanges because they would have a different effect in that environment.
CBOE Holdings Inc. plans to launch an electronic options contract based on the Standard & Poor’s 500 Index that analysts say may overtake volume in the 28-year- old flagship gauge traded on the Chicago Board Options Exchange.
CBOE Holdings Inc., the options exchange being investigated by the Securities and Exchange Commission, said senior compliance executive Patrick Fay has resigned, spokeswoman Gail Osten said in an e-mailed statement.
CBOE Holdings Inc. plans to move a Standard & Poor’s 500 Index contract introduced last year on its C2 venue to the Chicago Board Options Exchange, where it can be bought and sold electronically and on the trading floor.