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Organization Structure

| Overview | Board of Directors | Officers & Management |

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Officers & Management

      Gary Katz, Chief Operating Officer
Gary Katz is a founder and Chief Operating Officer of ISE. Mr. Katz heads ISE's state-of-the-art technology program (including technical services, member services and IT operations) and the market operations team. Additionally, he is responsible for ISE's marketing and business development efforts. Mr. Katz is one of the principal developers of ISE's unique market structure - an auction market on an electronic platform. He is co-inventor on eleven patents that the ISE has made application for. From 1997 to 1998, he was President and co-founder of K-Squared Research, LLC, a financial services consulting firm. From 1986 to 1997, Mr. Katz was Managing Director, Options and Index Products, at the New York Stock Exchange. There he managed the research and development of new options products and spearheaded a major marketing program for the promotion of NYSE options products. Mr. Katz is a co-founder of The Options Industry Council, a trade group dedicated to promoting the equity options sector through the education of the investing public. Prior to 1986, Mr. Katz was an actuary with the Equitable Life Assurance Company and is an Associate of the Society of Actuaries. Mr. Katz is an Adjunct Professor of Statistics at the Stern School of Business, New York University, where he conducts classes in business mathematics applications and also teaches classes in options strategies and pricing at the New York Institute of Finance. Mr. Katz has an M.S. in Statistics with Distinction from New York University and a B.A. from Queens College. Mr. Katz represents ISE on the Board of Directors of The Options Clearing Corporation.

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