News Release

CBOT Announces Addition of New Executive Officer

Fri Mar 24 2006

For Immediate Release                                                         
Media Contact: 
Maria C. Gemskie

Tami Kamarauskas

CBOT Announces Addition of New Executive Officer

Chicago, IL, March 24, 2006 – The Chicago Board of Trade (CBOT®), one of the world’s leading derivatives exchanges, announced today that Kevin J.P. O’Hara will join the CBOT as Chief Administrative Officer and Chief Strategy Officer, reporting directly to Bernard W. Dan, the CBOT’s President and Chief Executive Officer.  Mr. O’Hara has served as Executive Vice President and Co-General Counsel of the NYSE Group since its merger with Archipelago Holdings, Inc., and prior to that he served as Chief Administrative Officer and General Counsel of Archipelago. 

Mr. Dan said “Kevin has a proven track record of creating value for both customers and stockholders in the exchange industry.  We expect Kevin to play an important role in helping us capitalize on the major trends in our industry, including globalization, the increasing role of technology and consolidation, and in helping us leverage our competitive strengths to execute our growth strategies.”  Charles P. Carey, the Chairman of the CBOT, added “Kevin is an important addition to our senior management team, bringing a wealth of experience in a variety of areas that will be critical to our continued success.” 

“I am excited to join the CBOT, an innovator within the global financial services industry,” said Mr. O’Hara. “I look forward to working closely with President and CEO Bernie Dan, the management team, and staff to create additional opportunities to enhance the Exchange’s longstanding leadership position worldwide.” 

Mr. O’Hara is expected to join the Exchange in this newly created position within the CBOT’s President’s Office, by May 1, 2006.

About Kevin J. P. O’Hara

Kevin J. P. O’Hara, 44, is Executive Vice President and Co-General Counsel of NYSE Group, Inc. Prior to the completion of the merger of the NYSE and Archipelago, Mr. O’Hara had been Archipelago’s Chief Administrative Officer since February 2003, its General Counsel since May 2000, and its Corporate Secretary since May 1999 when he joined the company.

From 1995 to 1999, Mr. O’Hara lived in Romania and Lithuania, and traveled extensively throughout the region, working on the development of legal, regulatory, technological, and financial infrastructure of developing capital markets.  He served as Senior Attorney in Bucharest, Romania, for Financial Markets International, Inc., and Project Director in Vilnius, Lithuania, and Project Manager on other projects in the region while based in the United States for The Pragma Corporation.

Prior to his international experience, Mr. O’Hara served as Staff Attorney (1991-1993) and Senior Counsel (1994-1995) in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C., where he prosecuted violations of federal securities laws and regulations.

In 1993, he served as a Special Assistant United States Attorney for the Department of Justice in Washington, D.C., where he prosecuted violent street crime.  Prior to his experience with the federal government, he practiced corporate and commercial litigation at the Chicago law firm of Ross & Hardies (today, McGuire Woods Ross & Hardies) from 1988 to 1991.

Kevin O’Hara earned a J.D. in 1988 from Georgetown University Law Center and a B.A. in 1985 from the University of Chicago.  In 1999, he completed the International Finance & Global Capital Markets Executive Program at the Georgetown University McDonough School of Business.  Mr.O’Hara is a member of the Board of Trustees of Cristo Rey High School  (Chicago) and will join the Board of Trustees of Big Shoulders Fund (Chicago).  In 2000-2001, he was an adjunct lecturer at the Loyola University Graduate School of Business where he taught the course “Electronic Markets and Trading.”

He is a member of the bars of Illinois and the U.S. District Court for the Northern District of Illinois, and the American Bar Association, Illinois Bar Association, and Chicago Bar Association.

About the CBOT

As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity, and commodity futures and options-on-futures products. Building on its 157-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investors worldwide. For more information visit our web site at

Forward Looking Statements

In this release, our use of the words “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or other comparable terminology is intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in filings made by CBOT Holdings, Inc. with the Securities and Exchange Commission, which can be obtained at its web site at We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Communications

+1 312 930 3434