Just as the London Stock Exchange and Deutsche Börse Group are in a tango over a potential merger, Deutsche Börse officials took a side step and agreed to sell International Securities Exchange Holdings, Inc. (ISE) to Nasdaq for a total cash consideration of $1.1 billion, officials say. Nasdaq and Deutsche Börse officials confirm that they… Read More >>
ISE Fills Two Executive IT Management Posts
ISE’s Chief Information Officer to Retire in April The International Securities Exchange (ISE) reports that Robert Cornish, its current chief technology officer (CTO), will move to the post of chief information officer (CIO) on the April retirement of current CIO Daniel Friel, while Thomas Reina, the current senior vice president, technology development, will become CTO…. Read More >>
CloudMargin and Markit Move Valuation to the Cloud
CloudMargin to Feature Markit’s Portfolio Valuation Services The portfolio valuation services of Markit, a financial information services and systems vendor, will become available via CloudMargin, a cloud-based, collateral management software platform, say officials from both providers. The combine services are timed for upcoming requirements on initial and variation margin “within the BCBS IOSCO framework, set… Read More >>
ISE to Launch Third Options Exchange
The SEC has approved an application from the exchanges conglomerate International Securities Exchange Holdings (ISE) for a third options exchange, dubbed ISE Mercury, that is intended to help ISE build upon the reach of ISE and ISE Gemini and expand the ISE customer base. With the regulatory approval, ISE Mercury will begin trading listed option… Read More >>
ISE Board Adds Members from Barclays, Morgan Stanley
The International Securities Exchange Holdings, Inc. (ISE) announced the addition of Eric Levine and Tyler Sorba to the boards of directors of its two exchanges. Levine, a director and head trader of Barclays’ automated volatility trading group, was appointed to represent ISE’s Competitive Market Makers (CMMs), officials say. Levine joined Barclays in 2008 through its… Read More >>
ISE Fills Board Posts
International Securities Exchange Holdings, which operates two U.S. options exchanges, ISE and ISE Gemini, has named one new member to the boards of directors of its two exchanges, while re-electing 11 others, including one competitive market maker (CMM) director, one electronic access member (EAM) director, eight non-industry directors, and the CEO director. The new board… Read More >>
An Ernst &Young Exec Director Moves to eClerx as FINRA Hires Citi’s co-CIO
Former E&Y Exec Director Alan Paris Joins eClerx Business process outsourcing (BPO) vendor eClerx has appointed Alan Paris as principal for its New York office, a newly-created role, officials say. Paris will manage financial services accounts and act as global consulting lead. He will also work with the eClerx global client relationship and service delivery… Read More >>
JPMorgan and OpenLink Fill CFO slots as Intel’s CEO Exits Early
JPMorgan Chase Moves Consumer CFO into Bigger Role JPMorgan Chase & Co. has expanded the reach of Marianne Lake, the current chief financial officer (CFO) of the bank’s Consumer & Community Banking business. Starting next year, Lake will become CFO for all of the bank and a member of the Operating Committee, officials says.Lake will… Read More >>
