ISE Chairman Receives Industry Award

The International Securities Exchange (NYSE: ISE) said today that its chairman, Ivers W. Riley, was awarded the Joe Sullivan Award by the Options Industry Council in honor of his contributions to the industry.

The award was bestowed by the OIC at the 23rd annual Options Industry Conference. The council's mission is to educate investors about options. It is comprised of the six US options exchanges, including the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, ISE, Pacific Exchange and Philadelphia Stock Exchange, and the Options Clearing Corp.

Mr. Riley is the fourth person to receive the award named in honor of Mr. Sullivan, a former Wall Street Journal reporter, who played a critical role in establishing the CBOE, the first US options exchange.

Before ISE, Mr. Riley worked at the Amex, CBOE and New York Stock Exchange. At the Amex, he was instrumental in the development of SPDRs, an exchange-traded fund based on the Standard & Poor's 500 Index. Mr. Riley also served as chief executive officer of the Hong Kong Futures Exchange, and chairman of the HKFE Clearing Corporation.

In March, Mr. Riley's contributions to the derivatives industry also were recognized by the Futures Industry Association, which inducted him into its Hall of Fame for significant contributions to the futures and options industry.