The NYBOT Board also selected Marc Brenner, a Cotton floor local trader, as Vice Chairman and Alfred Mascia, Vice President of Geldermann, Inc., as Treasurer. The new officers will serve a term that runs through June 2001. Mr. Falk had been elected NYBOT Vice Chairman in June 2000. A member of the Coffee, Sugar & Cocoa Exchange, Inc. (CSCE) since 1970, he joined the CSCE Board of Managers in 1989 and was appointed Vice Chairman in 1990. He served as CSCE Chairman from 1991-1995. Previously, he had been Chairman of the CSC Clearing Association from 1983 to 1991.
His association with the CSCE began in 1958 as a clerk for Czarnikow-Rionda where he rose to partner in the company. He moved to Richco Sugar in 1982 and in 1984 joined Louis Dreyfus Corporation.
“The futures industry faces profound changes and the New York Board of Trade is responding to these challenges with a number of important initiatives, particularly in the area of technology,” said Mr. Falk. “I look forward to working with the Board, the membership, their clients and our staff in building a stronger and more competitive international market place for our traditional commodities as well as for a variety of promising new products.” The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar & Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, which include Citrus Associates, FINEX and the New York Futures Exchange (NYFE), NYBOT offers a wide variety of agricultural, currency and index products.
