CHICAGO, May 16, 2012 /PRNewswire/ -- William J. Brodsky, Chairman and CEO of CBOE Holdings, Inc. (NASDAQ: [ CBOE ]), today issued the following statement regarding Illinois pension reform:

"CBOE Holdings joins the Illinois State Chamber, the Civic Committee of the Commercial Club of Chicago, the Civic Federation and others in support of a call to action to reform Illinois' pension laws and review Medicaid policy this legislative session."

"Attracting and retaining growing businesses and quality jobs in Illinois requires us to address what is crippling the state's finances. The current structure of our pension system is flawed, and it continues down an unsustainable path that will lead to dire results. Pension reform is needed now so employees and residents in the State of Illinois are fiscally secure."

"By addressing issues such as pension reform and Medicaid policy, the Governor, leaders and members of the General Assembly are taking difficult, but necessary, steps to improve the financial integrity of Illinois. We support them and urge others across our state to do the same. By working together we can ensure that Illinois remains a thriving economic center."

CBOE Holdings, Inc. (NASDAQ: [ CBOE ]) is the holding company for Chicago Board Options Exchange (CBOE), C2 Options Exchange and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method. CBOE's Hybrid is powered by CBOE Command, a proprietary, state-of-the-art electronic platform that also supports C2 Options Exchange (C2), CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and [ www.cboe.com ] named "Best of the Web" for options information and education. CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the OCC.

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CBOE®, Chicago Board Options Exchange®, CBSX®, CBOE Stock Exchange®, CFE®, CBOEdirect®, FLEX®, Hybrid®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWrite(SM), BXM(SM), CBOE Futures Exchange(SM), SPX(SM) and The Options Institute are servicemarks of Chicago Board Options Exchange, Incorporated (CBOE). C2(SM), C2 Options Exchange, Incorporated(SM) and SPXpm(SM) are servicemarks of C2 Options Exchange, Incorporated (C2). Standard & Poor's® , S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE, C2 and CFE.

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SOURCE CBOE Holdings, Inc.

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Statement By William J. Brodsky, Chairman And CEO, CBOE Holdings, Inc. On Illinois Pension Reform

Statement By William J. Brodsky, Chairman And CEO, CBOE Holdings, Inc. On Illinois Pension Reform