ISE Hires New Business Director for Alternative Markets
05 July 2006 - 10:47PM
Business Wire
The International Securities Exchange (NYSE: ISE) announced today
that Mike Knesevitch has been appointed as Business Director,
Alternative Markets. Mr. Knesevitch will head ISE's alternative
markets business with primary responsibility for the
commercialization and management of Longitude LLC, the recently
announced derivatives platform acquisition. The alternative markets
business falls within ISE's Corporate Initiatives division. Mr.
Knesevitch has extensive industry experience with particular
expertise in how changes in technology and regulation have
redefined trading instruments. Most recently, he was Managing
Partner at Advanced Solutions Group, a professional services
company where he consulted to a range of trading industry clients,
including Trade Exchange Network Limited, a Dublin based trading
exchange. Previously, he worked at Digiterra and was an independent
futures and options trader. Mr. Knesevitch has a B.S. in Chemical
Engineering from the University of Pennsylvania and holds the
Project Management Professional (PMP) designation from the Project
Management Institute. 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.
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