Ivers Riley has had a remarkably varied career in the world of derivatives exchanges and a long track record in creating innovative products and building innovative organizations. After stints at the Chicago Board Options Exchange and the New York Stock Exchange, he moved to the American Stock Exchange, where from 1986 to 1993 he was senior executive vice president in charge of all derivatives activity. While at Amex, he was the driving force in the development of SPDRs, a popular exchange-traded fund based on the S&P 500 index. From 1994 to 1997, and again from 1999 to 2000, he was chief executive of the Hong Kong Futures Exchange and chairman of the HKFE Clearing Corporation. Since 2002, he has been the chairman of the International Securities Exchange, an all-electronic options exchange that has risen quickly to the top of the U.S. options market. ISE recently listed its shares on the New York Stock Exchange in a public offering, making it only the second derivatives exchange in North America to go public after Chicago Mercantile Exchange. He died on Tuesday, February 17, 2015 at the age of 82.
