ISE Appoints Andrew F. Brenner Managing Director of ISE Stock Exchange
01 June 2006 - 7:01AM
Business Wire
The International Securities Exchange, Inc. (NYSE:ISE) said today
that Andrew F. Brenner has been appointed Managing Director of the
ISE Stock Exchange, LLC. The ISE Stock Exchange marks ISE's entry
into the equities markets with the introduction of a MidPoint Match
platform, scheduled for the third quarter of 2006 and a fully
displayed market, planned for the fourth quarter of 2006. The ISE
Stock Exchange project was managed by Thomas Ascher, Chief Strategy
Officer, Corporate Initiatives. The Corporate Initiatives division
is responsible for the development and incubation of new product
initiatives. As ISE Stock Exchange is preparing to launch, this
business will now be operated as a separate unit under Mr. Brenner.
Mr. Brenner, a twenty-five year industry veteran, joins ISE after
most recently serving as Senior Vice President and Manager,
Portfolio Trading and Analytics of Fidelity Investments. He
previously had been Managing Director of Sales at Access
Securities. He also has held senior positions in derivatives and
program trading at Credit Suisse First Boston and Morgan Stanley.
He is a graduate of Northwestern University. ISE Background The
International Securities Exchange (ISE) is an innovative securities
market, founded on the principle that technology and competition
create better, more efficient markets for investors. ISE is the
largest equity options exchange and is among the leading options
exchanges in the world. ISE developed a unique market structure for
advanced screen-based trading systems and in May 2000 launched the
first fully electronic US options exchange. The ISE Stock Exchange
LLC will launch in the third quarter of 2006 with strategic
partners, offering an innovative MidPoint Match platform, followed
by a fully integrated displayed Best Bid Offer (BBO) market in the
fourth quarter. ISE is also a majority owner of Longitude LLC, an
innovative platform for events markets trading, and offers enhanced
market data products for sophisticated investors. ISE continually
enhances its trading systems and develops new products, including
index options and market data, to provide investors with the best
marketplace and investment tools to trade smarter. For more
information about ISE, its options products and its technology,
visit www.iseoptions.com and for more information about the ISE
Stock Exchange LLC, visit www.isestock.com. Forward Looking
Statements Certain matters discussed in this press release are
"forward looking statements" intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These statements relate to future
events or our future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements, to
be materially different from those contemplated by the forward
looking statements. We undertake no ongoing obligation, other than
that imposed by law, to update these statements. Factors that could
affect our results, levels of activity, performance or achievements
and cause them to materially differ from those contained in the
forward looking statements can be found in our filings with the
Securities and Exchange Commission, including our annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q, as amended.
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