The World Federation of Exchanges (WFE) Elects Massimo Capuano, Borsa Italiana, As Its Chairman and William Brodsky, CBOE, As Vice Chairman for 2007-2008.CHICAGO & SAO PAULO, Brazil -- The 46th General Assembly of the World Federation of Exchanges (WFE) has elected Massimo Capuano, 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. , Borsa Italiana, as incoming WFE Chairman for 2007- 2008, during its meeting in Sao Paulo. Mr. Capuano will assume his new position beginning in January 2007, taking over from Mr Taizo Nishimuro, President and CEO of Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. , now completing his two-year term. The WFE General Assembly also elected William J. Brodsky, Chairman and CEO of the 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) (CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). ), as incoming Vice Chairman. He is the first leader of a derivatives exchange to hold this position. Paul Chow, Chief Executive of Hong Kong The Chief Executive (Traditional Chinese: 行政長官) of Hong Kong is the head of the Hong Kong Special Administrative Region of the People's Republic of China, and represents the region. Exchanges and Clearing, was appointed Chairman of the WFE Working Committee, the business policy body of the Federation. Chairman Nishimuro congratulated the new Board officers and Board members, and remarked, "The Federation's business agenda for the next two years will have to be substantially different than it has been under my Chairmanship, due to the rapidly changing business environment." The WFE Board of Directors also elected the following members to join Messrs. Capuano, Brodsky and Chow: Young-Tak Lee, Chairman and CEO, Korea Exchange Geng Liang , Chairman, Shanghai Stock Exchange Magnus Bocker, President and CEO, OMX Antonio Zoido, Chairman, BME - Spanish Exchanges John Thain, CEO, NYSE Group Gilberto Mifano, CEO, BOVESPA They join current directors: Richard Neisbitt, CEO, TSX Group Guillermo Prieto Trevino, Chariman and CEO, Bolsa Mexicana de Valores Jean-Francois Theodore, Chairman and CEO, Euronext Russell Loubser, CEO, Johannesburg Stock Exchange Ravi Narain, Managing Director and CEO, National Stock Exchange India Taizo Nishimuro, President and CEO, Tokyo Stock Exchange Massimo Capuano said, "I am honoured to serve this organization which has expanded its membership reflecting the dynamic changes in the exchange industry. The WFE provides a productive business forum to discuss common issues facing our rapidly changing markets. I look forward to working with Bill Brodsky and the other members of the Board as I assume my new position." The General Assembly also welcomed two new members to the WFE: the International Securities Exchange (ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. ) and NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . |
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