Wayne Luthringshausen

Wayne P. Luthringshausen Wayne P. Luthringshausen was an exchange and options clearing house executive who was the longtime chairman of the board and chief executive officer of OCC, the clearinghouse for U.S. stock options trading. He retired on December 31, 2013 after 40 years with the clearinghouse. He passed away in August 2021. Former OCC president and COO Michael Cahill took over as CEO in January 2014. Former CME Group CEO Craig Donohue replaced Luthringshausen as OCC chairman. In 2015, Luthringshausen was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. Background 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. In January, 1975, the CBOECC became OCC with the approval of the Securities and Exchange Commission. OCC currently performs the issuance, clearance, guarantee and settlement functions for all U.S. securities options exchanges and other entities. Affiliations Other affiliations include the Ad Hoc Coalition for Intermarket Coordination, Risk Management Center, IIT/Stuart School of Business Advisory Board, the International Association of Options Exchanges and Clearing Houses, International Organization of Securities Commissions Consultative Committee, Saint Patrick High School Board of Trustees and Finance Committee, Chicago Area Boy Scout Dinner Executive Committee, and the Economic Club of Chicago. In 2002, he received the first annual "Options Industry Appreciation Award" (later renamed the Joseph W. Sullivan Award) on behalf of the entire options industry. Education Luthringshausen is a graduate of Loyola University of Chicago where he earned a Bachelor of Science degree in accounting. In 1979, he completed the Advanced Management Program at Harvard Business School. References

@JohnLothian Twitter Feed @JohnLothian: Apple and Goldman Sachs Don’t Trust Their New Banking Customers - CoinDesk Apple and Goldman Sachs Don’t Trust Their New Banking Customers - CoinDesk https://t.co/R3prXKbCrF— John Lothian (@JohnLothian) June 2, 2023 View Page @JohnLothian: JPMorgan Chase Working to Reverse Double Payments on Zelle - The Wall Street Journal JPMorgan Chase Working to Reverse Double Payments on Zelle - The Wall Street Journal https://t.co/8N9ffmNO1L— John Lothian (@JohnLothian) June 2, 2023 View Page @JohnLothian: Crypto insurer Evertas authorized to offer largest single crypto insurance policy - Reuters Crypto insurer Evertas authorized to offer largest single crypto insurance policy - Reuters https://t.co/odYeTHoGqK— John Lothian (@JohnLothian) June 2, 2023 View Page @JohnLothian: Feud Between Russian Warlords Exposes Cracks in Kremlin’s War Machine - The Wall Street Journal Feud Between Russian Warlords Exposes Cracks in Kremlin’s War Machine - The Wall Street Journal https://t.co/W2gAMXOXZ0— John Lothian (@JohnLothian) June 2, 2023 View Page @JohnLothian: John Lothian Retweeted @crypto: Coinbase said the intersection of AI and crypto is an important opportunity for entrepreneurs Coinbase said the intersection of AI and crypto is an important opportunity for entrepreneurs https://t.co/cQgKvo8iuL— Bloomberg Crypto (@crypto) June 2, 2023 View Page @JohnLothian: Cboe Launches New Global Listing Offering for Companies and ETFs of the Purpose-Driven Innovation Economy Cboe Launches New Global Listing Offering for Companies and ETFs of the Purpose-Driven Innovation Economy https://t.co/4MjOJ6zpst— John Lothian (@JohnLothian) June 2, 2023 View Page We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter. FREE 90 day trial