The award was bestowed by the OIC at the 23rd annual Options Industry Conference. The council's mission is to educate investors about options. It is comprised of the six US options exchanges, including the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, ISE, Pacific Exchange and Philadelphia Stock Exchange, and the Options Clearing Corp.
Mr. Riley is the fourth person to receive the award named in honor of Mr. Sullivan, a former Wall Street Journal reporter, who played a critical role in establishing the CBOE, the first US options exchange.
Before ISE, Mr. Riley worked at the Amex, CBOE and New York Stock Exchange. At the Amex, he was instrumental in the development of SPDRs, an exchange-traded fund based on the Standard & Poor's 500 Index. Mr. Riley also served as chief executive officer of the Hong Kong Futures Exchange, and chairman of the HKFE Clearing Corporation.
In March, Mr. Riley's contributions to the derivatives industry also were recognized by the Futures Industry Association, which inducted him into its Hall of Fame for significant contributions to the futures and options industry.
The International Securities Exchange, the world's largest equity options exchange, was founded on the principle that technology fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure that integrated auction market principles into an advanced screen-based trading system, ISE launched the first fully electronic US options exchange in May 2000. ISE continually enhances its trading systems to provide investors with the best marketplace to execute their options orders.
For more information about ISE, its products and its technology, visit www.iseoptions.com.