Options Insider Special Events

Exchange leaders, alongside OCC leadership, touched on an array of current topics affecting the options industry.

Moderator: J.J. Kinahan, TD Ameritrade

Panelists

• Ed Boyle, BOX
• Andy Lowenthal, Cboe
• Shelly Brown, MIAX
• Kevin Kennedy, Nasdaq
• Ivan Brown, NYSE
• Scot Warren, OCC

Key industry panelists discuss the evolution of market regulation and its impact on listed options liquidity across multiple market segments.

Moderator: John J. Fennell, OCC

Panelists:

• Steve Crutchfield, CTC
• Mauricio Izurieta, BAML
• Dennis Davitt, Harvest Volatility Advisors

Elinor Comlay from EQ Derivatives lead an engaging session on volatility and its impact on trading participants in the options market.

Moderator: Elinor Comlay, EQ Derivatives

Panelists:

• Rob Hocking, DRW
• Euan Sinclair, Talton Capital Management
• Aash Vyas, Pier88 Investment Partners

Henry Schwartz from Trade Alert presented a detailed look at trends and current hot issues in today's options market.

2018 Joseph W. Sullivan Award: Gary Katz

Gary Katz is the former President and Chief Executive Officer of the International Securities Exchange (ISE), the first all-electronic options exchange in the United States and one of the world's leading exchanges. Prior to that, he served as ISE's Chief Operating Officer.

Mr. Katz is one of the principal developers of the unique options market structure – an auction market on an electronic platform – used by all ISE exchanges and is named as inventor or co-inventor on six patents that the Company received or applied for relating to its proprietary trading system and technology.

This year's panel for exchange and industry updates included:

• Patty Schuler, BOX
• Eric Frait, Cboe
• Joe Bracco, MIAX
• Sean Feeney, Nasdaq
• Mark Krommenhoek, NYSE
• Amy Lawson, OCC
• Frank Tirado, OIC
• Ellen Greene, SIFMA
• Jim Toes, STA

The explosion of new alternative datasets emerging every day adds an exciting yet daunting spin for the capital markets industry. The challenges of assessing alt data — such as the wide range of data and types available, lack of historical analysis and alignment of data sourcing — can make it time-consuming and difficult to ingest and take action.

Our esteemed panel of industry experts weighed the opportunities and risks associated with alternative data for options and equities traders as well as quantitative analysts and portfolio managers.

The panelists included:

• Catherine Clay (moderator) Vice President, Global Head of Information Solutions, Cboe
• Michael Izhaky CEO, FT Options
• Henry Schwartz President, TradeAlert
• Barry L. Star CEO, Wall Street Horizon
• Robin Mess CEO, big xyt

Gina McFadden was President of The Options Industry Council (OIC) from 2006 to 2013. She was OIC's Executive Director from 1995 to 2006. Concurrent with her OIC position, she was also a member of The Options Clearing Corporation's (OCC) senior management team, serving as Executive Vice President of Industry Services. Prior to that, she was Executive Vice President of OCC's Business Operations Group and Business/Product Development.

Active on various industry committees and organizations including OIC's Roundtable, OCC's Operations Roundtable, SIFMA's Equity Options Roundtable, the STA Options Committee and the Futures Industry Association, she was also an inaugural board member of Women in Listed Derivatives (WILD), a professional development group for women.

Gina completed the Kellogg Management Institute Graduate Program at Northwestern University and SIA's Securities Institute Program at the Wharton School. She has a B.A. from Barat College.

After almost forty years in the options industry, Gina retired in 2013. She lives with her husband Marty in Chicago and Boca Grande, Florida, where she is on the board of the Boca Grande Art Center and active in other community and educational organizations.

The Sullivan Awards named for Joseph W. Sullivan to recognize outstanding contributions in the options industry. Mr. Sullivan provided the vision and leadership to make listed options a reality and played a key role in the development of the Chicago Board Options Exchange, serving as its first president from 1972 until 1979.

The Sullivan Award was established in 2002 by the Options Industry Council and has become a regular feature of the Options Industry Conference program. The award acknowledges an individual's achievement as measured by contributions to education, innovation and product development, and in helping to grow the industry.

Gina McFadden, a long-time leader in the U.S. listed equity options industry, will be the first woman to receive the award. The past Sullivan Award recipients have been Joseph Sullivan himself, Wayne P. Luthringshausen, Paul G. Stevens, Jr., Ivers W. Riley, Thomas Peterffy, Jeffery S. Yass, David Krell, William J. Brodsky, William A. Porter, Lawrence G. McMillan, Edward J. Joyce, Meyer Sandy Frucher, Blair Hull and Robert E. Whaley.

A panel of experts addressed the European hot topics that could impact U.S. options markets. What are the pain points for those seeking to participate in our markets? What are the opportunities? What's going on with the mega exchange mergers? Regulation. Brexit. The structure of the European market. All this and more.

Moderator: Gary Delany, OIC

• Frank Magnani, Interactive Brokers
• Georgio Stoev, Saxo Bank

Experienced Financial Advisors shared how they have integrated options into their practice to differentiate themselves from their competition and grow their client base.

Moderator: Gary Franklin, Raymond James

• Paul Feinstein, First Republic Investment Management
• Edward Gesten, Morgan Stanley Wealth Management
• Jack Gunter, Merrill Lynch