Difference between revisions of "Joseph Sullivan"

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Joseph Sullivan was the founding president of the Chicago Board Options Exchange from 1972-1979. He played a key role in the creation of the CBOE, and stock options, as vice president for planning and market development at the [[Chicago Board of Trade]].  
 
Joseph Sullivan was the founding president of the Chicago Board Options Exchange from 1972-1979. He played a key role in the creation of the CBOE, and stock options, as vice president for planning and market development at the [[Chicago Board of Trade]].  
  
He had been [[The Wall Street Journal]]’s Capitol Hill reporter, until the then-president of the [[CBOT]], Henry Hall Wilson, hired him as his assistant.  
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He had been [[The Wall Street Journal]]’s Capitol Hill reporter, until the then-president of the [[CBOT]], [[Henry Hall Wilson]], hired him as his assistant.  
  
Sullivan was charged with researching how the CBOT might go about creating a new options entity. The exchange was attempting to develop new markets because at that time (the early 1970s) trade in the agricultural markets was slow. <ref>{{cite web|url=http://www.ssu.ssc.ed.ac.uk/pubs/Mackenzie_millo.pdf|name=Negotiating a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange |org=Paper by Donald MacKenzie and Yuval Millo presented at European Association for Evolutionary Political Economy conference, Siena, November 8-11, 2001|date=April 11, 2008}}</ref> <ref>{{cite web|url=http://www.sfomag.com/articlepaiddetail.asp?ID=1401441491|name=Three Decades of Options and the World is A-Changin' by Gail Osten|org=SFO Magazine April 2003|date=April 15, 2008}}</ref>  
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Sullivan was charged with researching how the [[CBOT]] might go about creating a new options entity. The exchange was attempting to develop new markets because at that time (the early 1970s) trade in the agricultural markets was slow. <ref>{{cite web|url=http://www.ssu.ssc.ed.ac.uk/pubs/Mackenzie_millo.pdf|name=Negotiating a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange |org=Paper by Donald MacKenzie and Yuval Millo presented at European Association for Evolutionary Political Economy conference, Siena, November 8-11, 2001|date=April 11, 2008}}</ref> <ref>{{cite web|url=http://www.sfomag.com/articlepaiddetail.asp?ID=1401441491|name=Three Decades of Options and the World is A-Changin' by Gail Osten|org=SFO Magazine April 2003|date=April 15, 2008}}</ref>  
  
Mr. Sullivan was responsible for the development of both a central market for options trading with standardized terms and a clearing corporation (now The [[Options Clearing Corporation]]) standing as the opposite party to every transaction.  
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Sullivan was responsible for the development of both a central market for options trading with standardized terms and a clearing corporation (now The [[Options Clearing Corporation]]) standing as the opposite party to every transaction.  
  
 
In 2002, to honor the vision and leadership he provided in making listed options a reality, The [[Options Industry Council]] established the [[Joseph W. Sullivan Options Industry Achievement Award]] to recognize individuals who have made outstanding contributions to the growth and integrity of the U.S. options market.
 
In 2002, to honor the vision and leadership he provided in making listed options a reality, The [[Options Industry Council]] established the [[Joseph W. Sullivan Options Industry Achievement Award]] to recognize individuals who have made outstanding contributions to the growth and integrity of the U.S. options market.

Revision as of 15:33, 16 October 2008

Joseph Sullivan

Joseph Sullivan was the founding president of the Chicago Board Options Exchange from 1972-1979. He played a key role in the creation of the CBOE, and stock options, as vice president for planning and market development at the Chicago Board of Trade.

He had been The Wall Street Journal’s Capitol Hill reporter, until the then-president of the CBOT, Henry Hall Wilson, hired him as his assistant.

Sullivan was charged with researching how the CBOT might go about creating a new options entity. The exchange was attempting to develop new markets because at that time (the early 1970s) trade in the agricultural markets was slow. [1] [2]

Sullivan was responsible for the development of both a central market for options trading with standardized terms and a clearing corporation (now The Options Clearing Corporation) standing as the opposite party to every transaction.

In 2002, to honor the vision and leadership he provided in making listed options a reality, The Options Industry Council established the Joseph W. Sullivan Options Industry Achievement Award to recognize individuals who have made outstanding contributions to the growth and integrity of the U.S. options market.

Background

Template:OIC Ad 1

Education

A native of Knoxville, Tenn., Mr. Sullivan graduated from Princeton and the Columbia Graduate School of Journalism.

References

  1. Negotiating a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange. Paper by Donald MacKenzie and Yuval Millo presented at European Association for Evolutionary Political Economy conference, Siena, November 8-11, 2001.
  2. Three Decades of Options and the World is A-Changin' by Gail Osten. SFO Magazine April 2003.