"I've been privileged to work with Bruce over a number of years and have seen first-hand how he consistently brings a fresh and creative look at solving problems," said Richard G. Ketchum, president of Nasdaq. "SuperMontage promises to be a major step forward for Nasdaq, market participants, and investors. With his hands-on experience as head of the Nasdaq trading desk at Salomon Smith Barney and his active participation on our Quality of Markets Committee, Bruce is just the person to bring SuperMontage from design to reality."
Turner has been employed by Salomon for nine years. For the past three years, as head of equity trading for Nasdaq stocks, he has been responsible for the company reaching 1,000 Nasdaq stocks traded and took Salomon Smith Barney from fifth in market share to number two. In addition, he has served on several Nasdaq committees, including the Quality of Markets Committee. Prior to serving at Salomon Smith Barney, Turner worked as a position trader for Oppenheimer, now CIBC World Markets.
Nasdaq Senior Vice President Dan Franks, who has lead the SuperMontage project through the critical period of design requirements, will become head of Market Operations. Acting in close partnership with Vice President of Technology Services Don Catapano, Franks will be Nasdaq's real-time liaison to market participants. As part of his new responsibilities, Franks will continue to play an important role in the development of SuperMontage.
SuperMontage, which was approved unanimously by members of the Securities and Exchange Commission on January 10, 2001, will make the Nasdaq Workstation II® (NWIITM) screen easier to read, show investors more information, and attract more liquidity to the Nasdaq market. It is expected to be implemented in early 2002.
The Nasdaq Stock Market lists over 4,400 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
