Cboe CEO Ed Tilly Rose From Trading Pit to Exit in Scandal
- Executive resigns after probe into undisclosed relationships
- Move raises questions about firm’s future after global growth
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When Ed Tilly walked onto the Chicago Board Options Exchange floor in 1987 — where trading pits teemed with sweaty men barking orders and flashing signals — the recent college graduate was hooked.
More than two decades later, he was running the place, overseeing a spate of deal-fueled expansion that ushered Cboe into the electronic age, transforming it from a small options exchange into a global powerhouse offering everything from the fear index, VIX, to zero-day options.