Arbinet-thexchange Appoints Donna C. Redel, Prudential Divisional CTO and Former Chair of Comex, to Board of Directors.Business & High Tech Editors NEW YORK--(BUSINESS WIRE)--Aug. 16, 2000 Arbinet-thexchange, the full-service trading solution for buyers and sellers of telephony bandwidth, today announced the appointment of Donna C. Redel to the company's board of directors, effective immediately. In September 2000, Ms. Redel will join the Executive Board of the World Economic Forum, famous for its high-profile Annual Meeting in Davos, Switzerland. The WEF WEF World Economic Forum WEF Water Environment Federation WEF Winter Equestrian Festival (Wellington, FL) WEF With Effect From (aviation) WEF World Environment Fund WEF Weight Enumerating Function is a global partnership of the world's top business, political, academic and media leaders committed to improving the state of the world. Ms. Redel will be the Managing Director of the Forum's Center for Global Industry, and will be responsible for the design and advancement of agendas of key advocacy issues within each of 15-20 industry sectors. Currently, Ms. Redel is Chief Information and Technology Officer, International and Futures Division at Prudential Securities, Inc. where she is responsible for the planning and development of global electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. and real time risk management systems. Ms. Redel's 20-year career in the commodities trading industry includes 3 years as Chairman of the Board of Comex, the fourth largest futures exchange Futures Exchange Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself. in the US. In this role, Ms. Redel orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. the merger of the 127-year-old Comex with NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). to create the world's largest physical commodities exchange. "Arbinet-thexchange has created a dynamic spot market for telephony bandwidth trading as a key component of its full-service trading solution for the telecom industry," stated Ms. Redel. "I have managed a traditional physical commodities exchange and I am excited by the opportunity to add my experience to the development of the exchange for the digital commodities of the future." "We feel that our members will ultimately demand a full suite of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. for commoditized capacity trading. This will be similar to the suite of financial and futures products characteristic of today's leading exchanges," stated Anthony L. Craig, Arbinet-thexchange Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are delighted to have the benefit of Ms. Redel's extensive commodities experience as we evaluate the partnerships and strategies that propose to deliver these sophisticated tools to our members." About Arbinet-thexchange Arbinet-thexchange is the full-service, online exchange for on-demand transactions, automated physical delivery and settlement of trades of telephony bandwidth. Thexchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. Automated delivery is accomplished by employing advanced trading software and a set of patented processes to link the web-based trading platform with carrier-grade telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. switching equipment. Arbinet-thexchange handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and online rating of the service quality of each seller's network. For more information, visit Arbinet-thexchange at www.thexchange.com. 33 Whitehall Street, 19th floor, The Broad Financial Center - New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004-2112 phone, 917-320-2000, fax, 212 797 9083, web site, www.thexchange.com |
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