"We are extremely pleased that Ed will serve as vice chairman," said William J. Brodsky, chairman and CEO of the Exchange. "Ed's tireless efforts on behalf of CBOE, including his leadership role in developing the Hybrid Trading System, have been invaluable. His experience and dedication to the Exchange will surely serve us well as we continue to move forward, keeping CBOE competitive and strong."
An active CBOE member since 1989, Mr. Tilly is a market maker for Botta Capital Management, LLC. He has been instrumental in the development and implementation of the CBOE Hybrid Trading System, CBOEdirect HyTS, which debuted in June, 2003. Mr. Tilly also serves on the Governance, and Equity Floor Procedure Committees, and the Corporate Structure Task Force. He also served as a member of the board of directors in 1998, 1999, 2000 and 2003.
As the only candidate for vice chairman in 2004, Mr. Tilly was declared vice chairman by the CBOE Board of Directors to take office on January 1, 2004, succeeding current vice chairman, Mark Duffy.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at www.cboe.com.
