NEW YORK -- The International Securities Exchange (NYSE: ISE) announced today that two new members are joining the Board of Directors. Peter J. Bottini will serve as the representative of ISE's Electronic Access Members (EAMs). Edward Boyle will serve as the representative of ISE's Competitive Market Makers (CMMs). Mr. Bottini and Mr. Boyle are replacing Brian Donnelley and John Koltes, who are leaving the Board.
Mr. Bottini is Executive Vice President of Trading/Customer Service at optionsXpress, Inc, an online broker specializing in options for the retail investor. He is responsible for all option, equity, fixed income, and mutual fund trade executions and reviews, block executions, margins, auto-trade, trading customer service, routing, and order management. Mr. Bottini has been a market-maker with a number of firms from 1993 until 2001. He is currently on the SIA Options Committee and Chairman of the ISE Allocation Committee. Active in the Chicago community, Mr. Bottini is a current member of the St. Josaphat School Board. He graduated from the University of Notre Dame in 1991.
Mr. Boyle has been Vice President, Equity Derivatives of TD Securities' Derivative Equities Group for the past 4 years. Prior to joining TD Securities, Mr. Boyle was the Managing Director responsible for business development and marketing for the LETCO trading companies. Mr. Boyle was also a principal of an execution services company and of an options specialist firm. Mr. Boyle has served on many industry and exchange committees during pivotal times. His roster of committee participation has been far-ranging including new product development, financial and marketing committees on stock and options exchanges, as well as industry committees, including the SIA options committees.
"We are pleased to welcome both Ed and Pete as new members of the Board. Both are industry veterans with great insight into the markets and we are delighted to have them join ISE's Board of Directors," said David Krell, President and Chief Executive Officer of ISE.
The International Securities Exchange (ISE) is an innovative securities market, founded on the principle that technology and competition create better, more efficient markets for investors. ISE is the largest equity options exchange and is among the leading options exchanges in the world. ISE developed a unique market structure for advanced screen-based trading systems and in May 2000 launched the first fully electronic US options exchange. The ISE Stock Exchange LLC will launch in the third quarter of 2006 with strategic partners, offering an innovative MidPoint Match platform, followed by a fully integrated displayed Best Bid Offer (BBO) market in the fourth quarter. ISE is also a majority owner of Longitude LLC, an innovative platform for events markets trading, and offers enhanced market data products for sophisticated investors.
ISE continually enhances its trading systems and develops new products, including index options and market data, to provide investors with the best marketplace and investment tools to trade smarter. For more information about ISE, its options products and its technology, visit www.iseoptions.com and for more information about the ISE Stock Exchange LLC, visit www.isestock.com.