ISE Chairman Receives Industry Award.NEW YORK -- The International Securities Exchange (NYSE NYSE See: New York Stock Exchange : ISE) said today that its chairman, Ivers W. Riley, was awarded the Joe Sullivan Award by the Options Industry Council in honor of his contributions to the industry. The award was bestowed by the OIC at the 23rd annual Options Industry Conference. The council's mission is to educate investors about options. It is comprised of the six US options exchanges, including the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , Boston Options Exchange, Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) , ISE, Pacific Exchange and Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates. , and the Options Clearing Corp. Mr. Riley is the fourth person to receive the award named in honor of Mr. Sullivan, a former Wall Street Journal reporter, who played a critical role in establishing the CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). , the first US options exchange. Before ISE, Mr. Riley worked at the Amex, CBOE and New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . At the Amex, he was instrumental in the development of SPDRs, an exchange-traded fund based on the Standard & Poor's 500 Index. Mr. Riley also served as chief executive officer of the Hong Kong Futures Exchange Hong Kong Futures Exchange (HKFE) Established in 1976, the Hong Kong Futures Exchange (H.K.F.E.) operates futures and options markets in index, stock, interest rate, and foreign exchange products. , and chairman of the HKFE Clearing Corporation. In March, Mr. Riley's contributions to the derivatives industry also were recognized by the Futures Industry Association, which inducted him into its Hall of Fame for significant contributions to the futures and options industry. ISE Background The International Securities Exchange, the world's largest equity options exchange, was founded on the principle that technology fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure that integrated auction market principles into an advanced screen-based trading system, ISE launched the first fully electronic US options exchange in May 2000. ISE continually enhances its trading systems to provide investors with the best marketplace to execute their options orders. For more information about ISE, its products and its technology, visit www.iseoptions.com. |
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