In this new position, Richards will be responsible for the leadership of CHX sales and customer service functions. He will report to Bob Forney, president and CEO.
"I am confident that Paul, a seventeen-year industry veteran, will add to the continued success of the CHX," said Forney, "Paul is a quality professional who understands the needs of retail and institutional investors. He will provide a strong voice in our management team that can speak to the needs of the investor."
Before joining the CHX, Richards served as senior vice president and managing director for Wachovia Investments Direct in Winston-Salem, N.C. While at Wahcovia, he directed sales, marketing, trading, service delivery, product development and systems implementations. Prior to joining Wachovia, Richards was regional branch sales manager at Olde & Company.
Richards, 39, earned a Bachelor of Arts degree in both psychology and geology from Syracuse University in New York.
"I am excited about the opportunity to bring my customer focus to this dynamic organization," said Richards. "Spurred by its technological advances, the CHX has built an outstanding reputation and a vast array of high-quality products for the investor."
The Chicago Stock Exchange was founded May 15, 1882 and is the second most active stock exchange in terms of share and trade volume. The CHX is also the fastest growing exchange providing the strongest force for competition to all U.S. markets. The CHX trades more than 4,500 NYSE, Amex, Nasdaq and CHX-exclusive issues, more than any other stock exchange in the world.
