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American Stock Exchange Appoints Richard Russo Vice President Of Marketing At The ETF Marketplace

Date 09/11/2005

The American Stock Exchange (Amex) today announced that Richard Russo has been appointed Vice President of Marketing at the ETF Marketplace. In this role, Mr. Russo will be responsible for order flow and product marketing for the ETF product line. He will report to Cliff Weber, Senior Vice President of the ETF Marketplace.

Prior to joining the Amex, Richard was Senior Vice President and Director of Business Development for Aprilante & Bomba, Inc., a New York Stock Exchange member firm. Richard has worked extensively with equity and equity derivatives products at both the exchange and practitioner level with positions at the NYSE and the New York Futures Exchange. He was also responsible for developing new business and markets for NYFE futures and options. For the past nine years he has been instrumental in developing new business, as Vice President and partner, and Senior Vice President, respectively, for two NYSE floor member firms.

"Richard brings extensive experience and knowledge to this position. He will be a tremendous asset to the American Stock Exchange," said Neal Wolkoff, Chairman & CEO. "The Amex ETF team, led by Cliff Weber, has continued to lead the industry in innovation and I am confident that Richard's skills will contribute to this deep pool of talent."