The Boston Options Exchange has appointed Tony McCormick as
chief executive, bringing to an end its long search for a
McCormick’s predecessor Scott Morris stepped
down in June 2008. Since then Will Easley, the
exchange’s vice-chairman, has been acting chief
McCormick is a board member of the Options Clearing Corp. He
was formerly on the board of the Chicago Mercantile Exchange,
alongside Tom Kloet, chief executive of TMX Group, majority
owner of Box. He has also been a board member of the Chicago
McCormick moves from broker Charles Schwab, where he managed
the trade execution quality group and business relationships.
McCormick chaired Schwab’s order routing committee
and was a member of the options steering committee. He started
in 1998 as a vice-president of derivative markets.
Previously, McCormick spent 12 years with Harris Futures
Corp in several senior positions, including CEO from 1993 to
1997. During that period, McCormick was managing director of
capital markets for Harris’s parent Bank of
Montreal and sat on its treasury board.
Scott Morris had been at Box for less than two years. He
joined in October 2006 after being a consultant for the
exchange. Before that he had been a managing director at
Goldman Sachs and a financial engineer and principal at Hull
Group, a Goldman subsidiary. n
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