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Michael "Mike" Norman is a former trader and market maker at the Chicago Board Options Exchange. He was the chairman of the board of directors of the Chicago Mercantile Exchange (CME). He is currently the chairman of the Chicago Options Exchange (Cboe).
Early life and education
Norman was born in Rochester, New York, but grew up in Orland Park, Illinois. He has two sons, Michael Norman Jr. and Sam Norman, who is a Republican Illinois State Representative from the 101st district. Norman graduated from Dartmouth College and received an MBA from the Booth School of Business at the University of Chicago.
Norman started his career at the Chicago Board Options Exchange as a senior vice president in the derivatives division. He served as general counsel for the Chicago Mercantile Exchange and the Board of Trade of the City of Chicago, which was dissolved in 2005. He was chairman of the CME's board of directors from September 2005 to December 2007, a period in which CME's market share in Chicago options trading was reduced from 80 to 70 percent. In 2007, CME's market share fell below 60 percent for the first time since the exchange opened in 1973.
In February 2008, Norman was hired as the CEO of the Chicago Board Options Exchange.
In 2008, Norman resigned from the Board of the Chicago Mercantile Exchange, and began serving as the chairman of the Chicago Board Options Exchange.
In November 2009, he was chosen as the new CEO of the Chicago Mercantile Exchange. He resigned in June 2012.
In February 2013, the Chicago Board Options Exchange named Norman to succeed the retiring president and CEO Edward A. Bastian. Norman was replaced by Barbara K. Fisher. In November 2013, the exchange was rebranded as Cboe BZX Exchange.
Category:Businesspeople from Rochester, New York
Category:People from Orland Park, Illinois
Category:University of Chicago Booth School of Business alumni 0b46394aab