Cboe has issued a statement on the passing of former Cboe President and COO Ed Joyce.

Cboe’s statement can be read below:

“We are saddened to share that Ed Joyce, former Cboe President and COO, has passed away.

Ed served as Cboe’s President and COO from 2000 – 2011. Joyce began his career with Cboe in 1974 as a trading post coordinator and held positions of increasing responsibility in the areas of trading procedures, operations and business development.

He assumed responsibility for floor operations in 1978 and was named Executive Vice President of Trading Operations in 1987. He also served as Executive Vice President in charge of business development, responsible for client relationship management and member trading services, along with marketing and The Options Institute.

Ed played a significant role in guiding the creation of Cboe’s hybrid trading model and VIX Index product line.

In 2012, Ed was awarded the Joseph W. Sullivan Award at the Options Industry Conference, recognizing the significant contributions he made to the options industry throughout his 38-year career.

Cboe will hold a moment of silence in Ed’s honor prior to the opening bell on Wednesday, January 21.”