Board of Trade Clearing Corporation Nominates Three Candidates for Its Board of Governors.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 9, 2002 The Board of Trade Clearing Corporation (the "Clearing Corporation") today announced the nomination of three persons for election to its Board of Governors. The Nominating Committee has selected Kevin Collins of Deutsche Bank Futures Inc., Alex Ladouceur of Prudential Securities Incorporated, and James G. McCormick of TransMarket Group L.L.C. to a serve three-year term, commencing in February 2002. The nominations will be considered at the Clearing Corporation's Annual Meeting of Stockholders on February 20, 2002. Mr. Collins has been managing director of Deutsche Bank Futures and Options Division since 1999. His 15-plus years in the futures industry include sales positions at BZW BZW Beziehungsweise (German: Respectively) BZW BZFlag World (file format/extension) BZW Blizzard Warning BZW Barclays der Zoete Wedd (now Barclay's Capital) and the First National Bank of Chicago (now Bank One) in the U.S., Europe and Asia. Mr. Ladouceur has served as senior vice president, head of global futures at Prudential Securities Incorporated since July 2001, where he is responsible for futures operations in 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 , Chicago, London and Hamburg. He has over 15 years of experience in the financial services industry and previously held executive positions at Credit Lyonnais Rouse Ltd. Mr. McCormick has been with TransMarket Group since 1982 and has served as its President 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. since 1991. TransMarket Group is a proprietary trading firm with offices in Chicago, New York, London, Paris and Sydney. He began his 30-year career in financial services with Continental Illinois Bank (now Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ) and was involved in the bank's opening operations on the London International Financial Futures Exchange (LIFFE LIFFE See: London International Financial Futures and Options Exchange LIFFE See London International Financial Futures and Options Exchange (LIFFE). ). The Board of Governors is comprised of nine people, each of whom serve three-year terms. Each year, three member representatives are nominated and then voted upon at the annual meeting of stockholders. BOTCC BOTCC Board of Trade Clearing Corporation (Chicago Board of Trade) is a registered trademark of the Board of Trade Clearing Corporation. About The Clearing Corporation The Clearing Corporation, a Delaware corporation, now in its 77th year of business, maintains a Standard & Poor's AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rating and approximately $185 million in capital. The Clearing Corporation is owned by its clearing member stockholders and is the only active independent derivatives clearing house in the world. For more information, please visit www.botcc.com. |
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