ISE Holdings Secures Two New Board Directors
- ISE has brought in two new executives to serve on its board, whilst re-electing no less than eight existing members.
The International Securities Exchange Holdings (ISE) has appointed veterans Eric Levine and Tyler Sorba to the respective boards of directors of its two exchanges, according to an ISE statement.
ISE Holdings is a wholly owned subsidiary of German derivatives exchange, Eurex – the group operates two US options exchanges, International Securities Exchange, LLC (ISE) and ISE Gemini, LLC (ISE Gemini).
The composition of ISE's board of directors consists of exchange and non-industry directors, as well as its CEO director. Mr. Levine joins ISE’s board after serving as a director and head trader of Barclays' automated Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term trading group – he has been appointed to represent ISE's Competitive Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term (CMMs). Prior to joining Barclays in 2008, Mr. Levine was a mainstay at Lehman Brothers in 2004 until its acquisition by Barclays.
Alternatively, Mr. Sorba serves as the co-head of Automated Equity Options Market Making (AMM) at Morgan Stanley, having been elected to represent ISE's Primary Market Makers (PMMs). Between 2007 to 2011, Mr. Sorba also manned Morgan Stanley's Equity Exotics desk.
In addition to the two new appointments, ISE reported that eight non-industry directors, two exchange directors, and the CEO director were re-elected, ensuring a smooth transition of incoming board directors.
According to Gary Katz, President and CEO, ISE, in a recent statement on the appointments, "On behalf of the entire Board, we are very pleased to welcome Eric and Tyler as exchange directors. Their skillsets and deep knowledge of the options markets will be valuable assets for us as we seek to maintain and grow our leadership position in a competitive market environment."
The International Securities Exchange Holdings (ISE) has appointed veterans Eric Levine and Tyler Sorba to the respective boards of directors of its two exchanges, according to an ISE statement.
ISE Holdings is a wholly owned subsidiary of German derivatives exchange, Eurex – the group operates two US options exchanges, International Securities Exchange, LLC (ISE) and ISE Gemini, LLC (ISE Gemini).
The composition of ISE's board of directors consists of exchange and non-industry directors, as well as its CEO director. Mr. Levine joins ISE’s board after serving as a director and head trader of Barclays' automated Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term trading group – he has been appointed to represent ISE's Competitive Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term (CMMs). Prior to joining Barclays in 2008, Mr. Levine was a mainstay at Lehman Brothers in 2004 until its acquisition by Barclays.
Alternatively, Mr. Sorba serves as the co-head of Automated Equity Options Market Making (AMM) at Morgan Stanley, having been elected to represent ISE's Primary Market Makers (PMMs). Between 2007 to 2011, Mr. Sorba also manned Morgan Stanley's Equity Exotics desk.
In addition to the two new appointments, ISE reported that eight non-industry directors, two exchange directors, and the CEO director were re-elected, ensuring a smooth transition of incoming board directors.
According to Gary Katz, President and CEO, ISE, in a recent statement on the appointments, "On behalf of the entire Board, we are very pleased to welcome Eric and Tyler as exchange directors. Their skillsets and deep knowledge of the options markets will be valuable assets for us as we seek to maintain and grow our leadership position in a competitive market environment."