CHICAGO, April 13, 2012 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) today announced that Alexandra M. Albright has been named to the newly created role of Chief Compliance Officer (CCO) for its affiliated exchanges -- the Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE) and CBOE Stock Exchange (CBSX). Albright, who will assume the CCO position on April 23, will report to President and COO Edward T. Tilly and to the regulatory oversight committees of the exchanges.
Albright's broad responsibilities include establishing, implementing and maintaining policies and procedures that apply to the affiliated exchanges' self-regulatory organization obligations, and ensuring that exchange operations comply with both the exchanges' rules and policies and with SEC and CFTC regulations and laws. Her other responsibilities include educating exchange employees about compliance-related issues.
CBOE's Regulatory Services Division will continue to oversee compliance by exchange Trading Permit Holders with regulatory obligations.
"We are pleased to have Alexandra at the helm of our compliance efforts. Her in-depth knowledge of securities markets and her legal experience in both market regulation and the corporate sector will be invaluable in assuring that our exchanges fulfill their obligations as self-regulatory organizations," Chairman and CEO William J. Brodsky said.
Albright served from 2007 to present as an attorney for Kirkland & Ellis LLP in Chicago, most recently concentrating on compliance, litigation and corporate finance matters.
From 2001 to 2006, she served in senior legal positions with the Securities and Exchange Commission (SEC) in Washington, D.C.:
- Senior Counsel for the Division of Enforcement, Office of Market Surveillance, from 2005 to 2006;
- Special Counsel for the Division of Trading & Markets, Office of Trading Practices, from 2003 to 2005; and
- Attorney Advisor for the Division of Trading & Markets, Office of Municipal Securities, from 2001 to 2003.
Albright holds a B.A. in philosophy from Tulane University, a J.D. from University of Denver College of Law, and an L.L.M., with honors, in Financial Services Law, from Chicago-Kent College of Law.
About CBOE Holdings, Inc.
CBOE Holdings, Inc. is the holding company for Chicago Board Options Exchange (CBOE), C2 Options Exchange and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method. CBOE's Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports C2 Options Exchange (C2), CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and www.cboe.com, named "Best of the Web" for options information and education. CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the OCC.
CBOE®, Chicago Board Options Exchange®, CBSX®, CBOE Stock Exchange®, CFE®, CBOEdirect®, FLEX®, Hybrid®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWrite(SM), BXM(SM), SPX(SM), CBOE Futures Exchange(SM) and The Options Institute(SM) are servicemarks of Chicago Board Options Exchange, Incorporated. C2(SM) and C2 Options Exchange (SM) are servicemarks of C2 Options Exchange, Incorporated Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE and C2.
SOURCE CBOE Holdings, Inc.