Cboe issues statement on passing of Wayne Luthringshausen
Cboe Global Markets, Inc, a leading provider of global market infrastructure and tradable products, today issued the following statement from Ed Tilly, Chairman, President and CEO of Cboe Global Markets, on the passing of Wayne Luthringshausen, retired chairman and CEO of the Options Clearing Corporation (OCC):
“On behalf of all of us at Cboe, we extend our condolences to the Luthringshausen family and express sincere gratitude for Wayne’s leadership in establishing the listed options industry in the U.S. Beyond his contributions to OCC and clearing, Wayne championed educational efforts to help investors understand the utility and benefits of options, paving the way for today’s vibrant options industry. We mourn the loss of such a pioneering figure whose impact on the world goes far beyond the financial markets and options clearing.”
Cboe will honor Luthringshausen with a moment of silence on its trading floor before the market open on Monday, August 16.
Luthringshausen began his career in the securities and futures industry in 1963 with two regional firms in New Orleans, Louisiana. In 1970, he joined the Chicago Board of Trade (CBOT) to assume an active role in the development of the first central marketplace for the trading of listed options contracts, the Chicago Board Options Exchange (CBOE).
In April 1973, when trading was launched at the CBOE, Luthringshausen was appointed executive vice president and secretary of the Chicago Board Options Exchange Clearing Corporation (CBOECC) and in August, 1973, was appointed President and Chief Executive Officer.
Luthringshausen retired on December 31, 2013 after 40 years with the clearinghouse. He passed away in August 2021.