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ISE Announces Three New Board Members

Five Board Members Re-Elected

NEW YORK, June 5, 2008 – The International Securities Exchange (ISE) today announced that three new members have been elected to its Board of Directors. Thomas Eichelmann, Chief Financial Officer of Deutsche Börse Group, will join the ISE Board as a non-industry director. Matthew Andresen and Timothy Brennan will join the Board as representatives of ISE's Primary Market Makers (PMMs) and Competitive Market Makers (CMMs), respectively.

Mr. Eichelmann joined Deutsche Börse AG on July 1, 2007 as Chief Financial Officer. From 2000 to 2007, he was a Partner and Head of the Global Competence Center Financial Services at Roland Berger Strategy Consultants and was appointed a member of the Global Management Board in December 2002. Before joining Roland Berger, Mr. Eichelmann worked as Senior Manager for Bain & Company in Munich. He attended the Universities of Hohenheim and Zurich in Switzerland, where he received a degree in Business Administration.

Mr. Andresen has been Co-Head of Citadel Derivatives Group and President of Citadel Execution Services since June 2004. Prior to Citadel, he was the Chief Executive Officer of Island ECN, and then Chief Operating Officer of Instinet, LLC following the merger of the two ECNs. Mr. Andresen serves on the Board of Directors of Direct Edge ECN. He is a graduate of Duke University, where he received bachelor degrees in Economics and Political Science.

Mr. Brennan is a Managing Director with Merrill Lynch responsible for listed options Automated Market Making business development. Prior to joining Merrill Lynch in November 2007, Mr. Brennan was a Senior Vice President for Automated Trading Desk where he was responsible for building an Automated Market Making business. From 2004 to 2005, Mr. Brennan was a Director at Citadel Investment Group where his responsibilities included managing options trading floor operations and exchange relationships. Prior to that, Mr. Brennan worked at Morgan Stanley from 1986 to 2004. Mr. Brennan is a graduate of Benedictine College.

“We are truly pleased to welcome three new members to our Board of Directors,” said Gary Katz, ISE's President and Chief Executive Officer. “Thomas, Matt and Tim are demonstrated industry leaders with diverse experience and knowledge, and we look forward to the valuable insight that they will bring to our organization.”

In addition to the newly elected Board members, Dr. Frank Jones, Sarah Miller and Andreas Preuss were re-elected to serve a two-year term. Gary Katz, ISE's President and Chief Executive Officer, was re-elected to serve a one-year term. Peter Bottini, Executive Vice -President of Trading/Customer Service at optionsXpress, Inc., was also re-elected for a two-year term as a representative of ISE's Electronic Access Members (EAMs).

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]