Cboe Founder Joseph Sullivan Passes Away

Cboe Global Markets, Inc. has issued the following statement: “Cboe Global Markets mourns the loss of Joseph Sullivan III, the Founder and first President of the Chicago Board Options Exchange, who passed away on October 2, 2020. Cboe extends condolences to the Sullivan family and expresses sincere gratitude for Sullivan’s vision and drive to launch Cboe 47 years ago, establishing the listed options industry in the U.S.” Sullivan began his career as a reporter for the Wall Street Journal before joining the Chicago Board of Trade, and eventually launching Cboe on April 26, 1973. For the last 18 years, the Options Industry Council has recognized significant individual contributions to the growth and integrity of the U.S. options market in his honor through the Joseph W. Sullivan Options Industry Achievement Award, presented at the industry’s annual conference.