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ISE is an SEC registered exchange, not an electronic communications network (ECN) or alternative trading system (ATS). A fifteen-member board of directors, of whom eight will be non-industry (public) directors, will provide policy decisions and general direction. The officers and management of ISE, who handle the Exchange's daily functioning, represent a unique combination of talent and experience including entrepreneurial, technical, regulatory and exchange management skills (biographies are attached). ISE requires an initial staff of approximately 70 to 80 professionals.
ISE is composed of four divisions, including Finance & Administration, Technology & Market Operations, Legal & Regulatory and Marketing & Business Development. The team of assembled professionals are working to ensure the high level of growth, smooth operations and compliance with legal requirements envisioned by the founders and senior management.
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