The International Securities Exchange Holdings, Inc. (ISE) announced the addition of Eric Levine and Tyler Sorba to the boards of directors of its two exchanges.
Levine, a director and head trader of Barclays’ automated volatility trading group, was appointed to represent ISE’s Competitive Market Makers (CMMs), officials say. Levine joined Barclays in 2008 through its acquisition of the bankrupt Lehman Brothers.
Since joining Lehman Brothers in 2004, Levine has been instrumental in building the listed options market-making business, officials say. He represents Barclays on the Securities Industry and Financial Markets Association’s (SIFMA) Listed Options Trading Committee.
Sorba is the co-head of Automated Equity Options Market Making (AMM) at Morgan Stanley and was elected to represent ISE’s Primary Market Makers (PMMs), officials say. From 2007 to 2011, Sorba worked on Morgan Stanley’s Equity Exotics desk, leading several prominent books during his tenure.
In addition, eight non-industry directors, two exchange directors, and the CEO director were re-elected, officials say.
ISE’s board of directors consists of both exchange and non-industry directors as well as the CEO director. Of the exchange directors, each ISE membership type is represented by two directors on the board who serve two-year terms.
Patrick Hickey, head of market structure, Optiver U.S., and Elizabeth Martin, managing director and head of global equities management, Goldman Sachs & Co., were re-elected to represent ISE’s CMMs and Electronic Access Members (EAMs), respectively.
David Krell, Andreas Preuβ, Michael Monaco, Hauke Stars, Joseph Stefanelli, Marcus Thompson, Kenneth Vecchione, and Christianna Wood were re-elected to serve one-year terms as non-industry directors, officials say. Gary Katz, ISE president and CEO, was re-elected to serve a one-year term as CEO director.
The link, http://www.ise.com/about-ise/board-of-directors/ offers more about ISE’s board of directors.
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