Edward Tilly will be the new president and COO of CBOE Holdings, the Chicago Board Options Exchange (CBOE) and the C2 Options Exchange (C2). He replaces Edward Joyce, who is leaving on medical grounds. Tilly became part of the executive management team five years ago after serving as a CBOE market maker.

He was involved in CBOE’s demutualization and initial public offering, expansion of its VIX product line and the all-electronic C2. Most recently, he handled the launch of SPXpm, the electronic counterpart to its flagship SPX product. Currently, he is a member of the board of Options Clearing Corp. CBOE Holdings is the holding company for CBOE, C2 and other subsidiaries.

Click here for the release from PR Newswire.