ISE Announces New Board Member, Re-Election of 11
On Monday, the International Securities Exchange Holdings, Inc. (ISE Holdings) announced the addition of one new member to its Boards of Directors of its two exchanges, and the re-elections of 11 members, including one Competitive Market Maker (CMM) director, one Electronic Access Member (EAM) director, eight non-industry directors, and the Chief Executive Officer director.
Jonathan Rosen, a Managing Director at Citadel Securities, was elected to the Boards as a director representing the exchanges' Primary Market Makers (PMMs). Mr. Rosen has replaced Michael Juneman, also a Managing Director at Citadel Securities, whose third and final term on the Board expired on May 23, 2014.
ISE and ISE Gemini's Boards of Directors consist of both industry and non-industry directors. Of the industry directors, each exchange membership category is represented by two directors on the Board who serve two-year terms, with a limit of three terms of service.
Gary Katz, President and Chief Executive Officer said in a press release, "We are very pleased to welcome Jonathan Rosen as the newest member of the Boards of ISE and ISE Gemini. With his experience and expertise in the industry, he brings valuable insight into the options markets, and we look forward to his future contributions as a director of our exchange Boards."
In his current role as a Managing Director at Citadel Securities, Mr. Rosen is a leading architect of Citadel's automated trading and order routing systems that operate on numerous derivatives markets around the globe. He also works closely with Citadel Execution Services on customer order routing strategy.
Previously, Mr. Rosen was a senior equity options trader and continues to work in that role on occasion. Mr. Rosen joined Citadel in 2003.
In addition, Denis Medvedsek, Managing Director at KCG, and Joseph Sellitto, Chief Executive Officer of Global Execution Brokers, an affiliate of Susquehanna International Group, were re-elected to serve two-year terms as CMM and EAM directors, respectively.
Also, David Krell, Michael Monaco, Andreas Preuβ, Hauke Stars, Joseph Stefanelli, Marcus Thompson, Kenneth Vecchione, and Christianna Wood were re-elected to serve one-year terms as non-industry directors. Gary Katz, ISE Holdings' President and Chief Executive Officer, was also re-elected to serve a one-year term as CEO director.
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