OCC Marks the Passing of Cboe Founding President Joseph Sullivan III

October 13, 2020

OCC’s Board of Directors, management and colleagues join Cboe Global Markets and the U.S. exchange-listed options industry in honoring the life of Joseph Sullivan III. It was Joe’s vision and astute understanding of U.S. derivatives markets that helped lead the way to the creation of the Chicago Board Options Exchange, the trading of the first listed options contract, and ultimately the formation of the Options Clearing Corporation. Joe’s leadership, along with other knowledgeable industry experts, not only resulted in a strong and vibrant marketplace that provided a powerful risk management tool for investors, but also created economic opportunity for many in Chicago and the U.S., and enhanced the City of Chicago’s position as the financial derivatives capital of the world. We send our condolences to the Sullivan family.

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