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ISE Chairman Receives Industry Award

NEW YORK, May 5, 2008 – The International Securities Exchange (ISE) announced today that its Chairman, David Krell, was awarded the Sullivan Award by the Options Industry Council (OIC) in honor of his overall contributions to the industry.

Mr. Krell has been Chairman of ISE since January 1, 2008 and is a co-founder of the Exchange. Previously, he served as ISE's President and Chief Executive Officer until December 31, 2007. Mr. Krell has over thirty years of experience in the options industry and also held positions at the New York Stock Exchange, the CBOE, and Merrill Lynch.

The award was bestowed by the OIC at the 26th annual Options Industry Conference in Las Vegas. The Sullivan Award was first presented at the Options Industry Conference in 2002 and has become a regular feature of the conference program. The award acknowledges an individual's achievement as measured by their contributions in education, innovation, product development and helping to grow the industry. It is named for Joseph W. Sullivan, who played a critical role in establishing the CBOE, the first US options exchange.

The past Sullivan Award recipients have been Joe Sullivan himself, Wayne Luthringshausen, Paul Stevens, Ivers Riley, Thomas Peterffy and Jeffrey Yass.

The OIC's mission is to educate investors about options. It comprises the seven US options exchanges, including the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, ISE, NYSE Arca, NASDAQ Options Market and the Philadelphia Stock Exchange, and The Options Clearing Corporation.

ISE Background

The International Securities Exchange operates a family of fully electronic trading platforms, creating efficient markets through innovative technology and market structure. ISE's markets portfolio consists of an options exchange and a stock exchange. As the world's largest equity options trading venue, ISE offers options on equities, ETFs, indexes, and FX. The ISE Stock Exchange trades approximately 6,000 products, and is the only fully electronic equities platform that provides the opportunity for continuous price improvement through the interaction of its non-displayed liquidity pool, MidPoint Match, and its displayed stock market. ISE Alternative Markets is scheduled to launch in 2008 and will offer a parimutuel trading platform for derivatives auctions. To complement its markets and enable investors to trade smarter, ISE creates innovative new products including a portfolio of proprietary indexes and enhanced market data for sophisticated investors.

ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SWX Swiss Exchange. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives.


Molly H. McGregor
International Securities Exchange
[email protected]