Intntl Sec Exchange (NYSE:ISE)
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The International Securities Exchange (NYSE: ISE)
announced today that two new members are joining the Board of
Directors. Peter J. Bottini will serve as the representative of ISE's
Electronic Access Members (EAMs). Edward Boyle will serve as the
representative of ISE's Competitive Market Makers (CMMs). Mr. Bottini
and Mr. Boyle are replacing Brian Donnelley and John Koltes, who are
leaving the Board.
Mr. Bottini is Executive Vice President of Trading/Customer
Service at optionsXpress, Inc, an online broker specializing in
options for the retail investor. He is responsible for all option,
equity, fixed income, and mutual fund trade executions and reviews,
block executions, margins, auto-trade, trading customer service,
routing, and order management. Mr. Bottini has been a market-maker
with a number of firms from 1993 until 2001. He is currently on the
SIA Options Committee and Chairman of the ISE Allocation Committee.
Active in the Chicago community, Mr. Bottini is a current member of
the St. Josaphat School Board. He graduated from the University of
Notre Dame in 1991.
Mr. Boyle has been Vice President, Equity Derivatives of TD
Securities' Derivative Equities Group for the past 4 years. Prior to
joining TD Securities, Mr. Boyle was the Managing Director responsible
for business development and marketing for the LETCO trading
companies. Mr. Boyle was also a principal of an execution services
company and of an options specialist firm. Mr. Boyle has served on
many industry and exchange committees during pivotal times. His roster
of committee participation has been far-ranging including new product
development, financial and marketing committees on stock and options
exchanges, as well as industry committees, including the SIA options
committees.
"We are pleased to welcome both Ed and Pete as new members of the
Board. Both are industry veterans with great insight into the markets
and we are delighted to have them join ISE's Board of Directors," said
David Krell, President and Chief Executive Officer of ISE.
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.