Boston Stock Exchange Appoints Michael J. Curran to Newly Created CIO Post.Business Editors NOTE TO MEDIA: A photo is available as a Smart News Release(TM) on Business Wire's Web site at www.businesswire.com and at www.newstream.com BOSTON--(BUSINESS WIRE)--Oct. 22, 2001 The Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). ) announced today that it has named Michael J. Curran to fill the newly created position of Executive Vice President and Chief Information Officer. The Exchange has developed this new post specifically to align its business and technology initiatives. In this role, Mr. Curran will lead all technology development efforts and will oversee the technology aspects of the Exchange's trading, clearing, and management information systems operations. "The creation of the CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. position within the Boston Stock Exchange signals the critical role that technology plays in our overall business strategy," said Kenneth R. Leibler, 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. of the BSE. "All of our core trading products and services are technology-driven, including Beacon Remote, which has grown in six months to account for more than 20% of our daily volume." Mr. Leibler added, "As our business continues to expand, so does our need to manage increasingly complex and sophisticated technologies - another reason why we have recruited a top-line CIO." "Mike has more than 25 years of experience in the 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. sector, specifically in the management of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets through the application of technology for large investment organizations," said James B. Crofwell, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Exchange. "He is ideally suited to lead the BSE's efforts to expand its trading technology and product offerings. Mike will be instrumental in enhancing our Beacon Remote system, developing Nasdaq trading on our floor, and introducing the next generation of our core trading system." Before joining the Boston Stock Exchange, Mr. Curran held a number of senior positions at Zurich Scudder Investments (formerly known as Scudder Kemper Investments and Scudder Stevens & Clark), the most recent of which was Chief Operating Officer of its international business unit. Prior to joining Zurich Scudder in 1993, Mr. Curran had been a partner in the information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. practice of Coopers & Lybrand for seven years. Prior to that, he served as Manager of Information Technology Resources and Strategic Planning for Apollo Computer, and was Manager of Information Systems for Peat, Marwick, Mitchell & Co. He began his career with Electronic Data Systems in 1977 as a Systems Engineer. Mr. Curran serves on the advisory board of Hickory Hill Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . He earned his Bachelor of Arts degree in Economics in 1976 from Dickinson College, Carlisle, PA. About the Boston Stock Exchange The Boston Stock Exchange, Inc. (BSE) is a premier, national equities exchange that offers exceptional market quality, highly specialized products and services, innovative technology and outstanding customer service to the investment community. Long regarded as New England's exchange, the BSE has from its beginnings played an important part in the development of the region's financial markets, serving public companies, investment institutions, and brokerage firms. Also important is the vital role the Exchange performs today as a national, competitive exchange within the strongest capital market system in the world. Additional information about the BSE can be found at www.bostonstock.com. NOTE: A photo can be found at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.102201/bb6 |
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