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Officers & Management

      Ivers W. Riley, Chairman
    

Mr. Riley became chairman of ISE on May 26, 2002. Prior to serving as ISE's first vice-chairman, Mr. Riley held several senior level positions in the financial services industry and is regarded as a worldwide leader in the derivatives sector. Until the end of 2001, he served as a member of the executive committee of the International Options Market Association (IOMA), where he was formerly president, from 1997 through 1998.

From 1994 to 1997, and from 1999 to 2000, Mr. Riley was chief executive of the Hong Kong Futures Exchange and chairman of the HKFE Clearing Corporation. From 1986 to 1993, he was senior executive vice president of the American Stock Exchange (AMEX) in charge of all derivatives activity. While at AMEX, Mr. Riley was the driving force in the development and introduction of SPDRs®, one of the most successful derivative products traded on any exchange.

From 1983 to 1986 he was executive vice president of the New York Stock Exchange, in charge of the options division. Previously, Mr. Riley was a founding partner of The Options Group, an investment advisory and consulting firm providing computerized support for derivatives dealers and traders. In addition, he was a senior vice president of both PaineWebber and the Chicago Board Options Exchange.