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 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.