Anthony M. Belchambers Futures Hall of Fame 2015

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Futures Hall of Fame Honoring the 2015 Inductees to the FIA Futures Hall of Fame June 25, 2015 SINCE ITS INCEPTION ten years ago, the Futures Hall of Fame has honored the accomplishments and

1 Futures Hall of Fame Honoring the 2015 Inductees to the FIA Futures Hall of Fame June 25, 2015 SINCE ITS INCEPTION ten years ago, the Futures Hall of Fame has honored the accomplishments and contributions of 117 remarkable individuals from around the world. These inductees have earned the respect and gratitude of participants in the global futures and options market for laying the foundation for the extraordinary success of our industry. Please join us in celebrating the legacy that the men and women who share this honor leave behind. For the full list of Futures Hall of Fame Honorees, click here. Congratulations to the 2015 Futures Hall of Fame Honorees! Anthony M. Belchambers Anthony Belchambers established the Futures and Options Association now FIA Europe in London in 1993 to provide an industry voice for the growing European futures markets and remained its executive officer for just over 20 years. A respected authority on regulatory matters and strong advocate of industry best practice, Anthony represented the interests of the listed derivatives industry on a range of key issues during a period of substantial regulatory change. He also initiated the establishment of parliamentary groups in London and Brussels and he was a co founder, in its original form, of the Alternative Investment Management Association and the International Cross Border Regulation Forum. hall fame 1/6

These inductees have earned the respect and gratitude of participants in the global futures and options market for laying the foundation for the extraordinary success of our industry.

Fernando Centelles (Posthumous 1958 2013) Fernando Centelles played a central role in the development of Spain s futures and options market.

2 Fernando Centelles (Posthumous ) Fernando Centelles played a central role in the development of Spain s futures and options market. He joined the Spanish exchange MEFF at its inception in 1989 and became its chief executive officer in 2006, a position he held until his death in October Under his leadership, MEFF attracted new members and users from the international trading community, developed a successful electronic trading platform with hubs in London and Chicago, and introduced new products such as single stock futures. He also served on the board of MexDer, the Mexican derivatives exchange and as a trustee of the Institute for Financial Markets in the U.S. C. Saxby Chambliss Saxby Chambliss devoted 20 years to public service in the U.S. Congress. He served on both the House and Senate agriculture committees and took a leadership role in matters involving derivatives policy and the Commodity Futures Trading Commission. During the development of CFTC reauthorization legislation in , he served as chairman of the Senate Agriculture Committee and authored many of the provisions that ultimately were enacted in Following the financial crisis of , he served as the ranking Republican member of the committee and worked tirelessly to improve the derivatives title of the Dodd Frank Act. John L. Foyle John Foyle spent 28 years nurturing and growing the London Financial Futures Exchange. He had the vision, patience, personality and diligence to tackle the most difficult issues as well as the skills and determination to move ideas to reality. From his success in working with the floor members to his support for the development and marketing of Liffe Connect, the exchange s ground breaking electronic trading platform, John was a constant and indispensable member of the exchange s hall fame 2/6

Under his leadership, MEFF attracted new members and users from the international trading community, developed a successful electronic trading platform with hubs in London and Chicago, and introduced

leadership until he retired in 2009. He had a strong public role as well, serving on the board of the Association of Futures Brokers and Dealers, the earliest futures regulatory body in the U.K.

3 leadership until he retired in He had a strong public role as well, serving on the board of the Association of Futures Brokers and Dealers, the earliest futures regulatory body in the U.K., and helping to establish several associations of exchanges. Thomas A. Kloet Tom Kloet is best known as an affable Midwesterner who transformed two international exchanges Singapore s SGX and Canada s TMX Group and emerged from these tumultuous undertakings with the respect and admiration of all involved. As the first chief executive officer and executive director at SGX from 2000 to 2002, he led the exchange through its transition from a small mutually owned enterprise to a publicly traded company. In 2008 he became chief executive officer of TMX Group and oversaw the integration of the Montreal Exchange. His career also included long stints in senior roles at leading futures brokers such as Credit Agricole, ABN AMRO and Newedge, giving him a perspective that spanned both sides of the industry. David Krell David Krell has been a leader and innovator in the options industry, with a career that spans more than 35 years. In 1997 he co founded International Securities Exchange, the first fully electronic options exchange, and served as its first president and chief executive officer. ISE grew to become one of the largest options exchanges in the world and helped pave the way for greater competition among trading venues and a tremendous expansion in the size of the U.S. listed options markets. Following ISE s merger with Deutsche Börse in 2007 and its integration with Eurex, he was named chairman of the board and continues to serve in that capacity. Wayne P. Luthringshausen Wayne Luthringshausen was a key figure in the tremendous expansion of the listed options markets in the U.S. He was part of the team at the Chicago Board of Trade that developed the first central marketplace for hall fame 3/6

Kloet Tom Kloet is best known as an affable Midwesterner who transformed two international exchanges Singapore s SGX and Canada s TMX Group and emerged from these tumultuous undertakings with the

the trading of listed options contracts, the Chicago Board Options Exchange. In April 1973, with the commencement of trading at the CBOE, he was put in charge of the exchange s clearinghouse.

4 the trading of listed options contracts, the Chicago Board Options Exchange. In April 1973, with the commencement of trading at the CBOE, he was put in charge of the exchange s clearinghouse. Two years later, he spearheaded the restructuring of the clearinghouse as a separate entity, The Options Clearing Corporation, with the mission to become the common clearinghouse for options markets. He was the OCC s first chief executive officer and spent 40 years leading the clearinghouse. Merton H. Miller (Posthumous ) Merton Miller, the late Nobel prize winning economist, spent a lifetime championing the importance of free markets and the value of futures to the financial system and the broader economy. One of his defining moments came after the stock market crash of 1987, when he challenged the many public voices who sought to blame the Chicago futures markets for the crash. He chaired the CME s special academic panel that analyzed the crash and determined that the exchange s stock index futures in fact had saved the market system by providing liquidity at a time when securities markets were closed. Ravi Narain Ravi Narain was critical in helping to develop India s securities markets. He helped set up the Securities and Exchange Board of India, the country s first market regulatory agency, as well as the National Stock Exchange of India, the country s first fully electronic exchange with a national reach. By increasing the transparency of prices and the efficiency of settlement, NSE forced other exchanges to modernize their technology and improve their trading practices. NSE introduced futures in 2000 and quickly developed a hugely popular suite of index futures and options, once again serving as the catalyst for change. Ravi served as the exchange s chief executive officer from its inception in 1994 until April hall fame 4/6

He was the OCC s first chief executive officer and spent 40 years leading the clearinghouse. Merton H.

Robert D. Ray (Posthumous 1954 2014) Bob Ray was a respected peer, beloved colleague and trusted mentor to many people in the futures industry.

5 Robert D. Ray (Posthumous ) Bob Ray was a respected peer, beloved colleague and trusted mentor to many people in the futures industry. He spent many years working at brokerage firms, then joined the Chicago Board of Trade in 2002, where he helped create a more business driven and customer focused approach. After the Chicago Mercantile Exchange purchased the CBOT, Bob stayed with the organization and moved to Europe to build CME s EMEA offices. Bob forged strong relationships with customers, he was equally comfortable working on a trading floor and leading an exchange, and above all, he was a passionate advocate for the futures industry for nearly 30 years. David R. Setters David Setters is a long time champion of the futures industry through his work in media and publishing. Shortly after the launch of financial futures in London in 1982, he launched the monthly magazine Futures and Options World. He spearheaded FOW s growth, which included additional electronic and specialist titles and the organization of industry events, including FOW s annual derivatives exhibition in 1991, which became the forerunner of today s IDX. After 22 years running FOW s commercial business, David joined Contango Markets, a consulting firm. He is also a founder trustee of the Londonbased futures industry charity Futures for Kids. Jürg Spillmann Jürg Spillmann was a technology pioneer in the futures industry and during his three decades in the industry he played a key role in the migration from open outcry to electronic trading. His work in the industry began in 1987 with the Swiss Options and Financial Futures Exchange, where he helped launch the exchange s first electronic trading system. That system became the platform for DTB, the first successful electronic exchange in the futures industry and the predecessor of Eurex. Ultimately SOFFEX was merged into Eurex and from 1997 he held senior positions at Eurex and helped advance the exchange s technology until his retirement in hall fame 5/6

After the Chicago Mercantile Exchange purchased the CBOT, Bob stayed with the organization and moved to Europe to build CME s EMEA offices.

Barbara B. Wierzynski Few people have had as much influence on the legislative and regulatory framework of the U.S. futures industry as Barbara Wierzynski.

6 Barbara B. Wierzynski Few people have had as much influence on the legislative and regulatory framework of the U.S. futures industry as Barbara Wierzynski. She joined FIA as vice president for regulatory affairs in 1986 and was promoted to general counsel in 1989 and served in that role until she retired in Besides devoting countless hours to working with the association s members, she guided the industry s dialogue with regulators on a long list of challenging issues, including the crash of 1987, the collapse of Barings Bank, the terrorist attacks of 9/11, and the perennial battles over the reauthorization of the Commodity Futures Trading Commission. hall fame 6/6

Besides devoting countless hours to working with the association s members, she guided the industry s dialogue with regulators on a long list of challenging issues, including the

Paul Bennett. Senior Vice President and Chief Economist. New York Stock Exchange. Testimony before the

Paul Bennett. Senior Vice President and Chief Economist. New York Stock Exchange. Testimony before the Paul Bennett Senior Vice President and Chief Economist New York Stock Exchange Testimony before the U.S. Senate Banking Committee, Subcommittee on International Trade and Finance Hearing on Growth and