"Over the course of his career, Tom has demonstrated a deep understanding of the derivatives industry," said David Krell, ISE's president and Chief Executive Officer. "His success in building the global derivatives business at Morgan Stanley has led to its growth into a position of international leadership. We believe that his appointment brings a valuable asset to ISE's Board of Directors."
Dr. Cardello is Managing Director responsible for Global Electronic Derivatives Market Making within the Institutional Equity Division at Morgan Stanley. Prior to joining Morgan Stanley in 1999, Dr. Cardello owned and managed a consultancy specializing in the structuring of large alternative asset portfolios. He was Executive Director at the hedge fund Paloma Partners, where he was responsible for investment strategy analysis and development, fund-wide risk analysis, and management of a Foreign Exchange fund. As Managing Director of the consultant firm, IPS, he was responsible for development and structuring of hybrid financial derivative/insurance products. Other positions held include Principal at Timber Hill Inc.; New Product Development Manager at Bank of America/Security Pacific; Oil Options Manager, Trading Systems Development Manager and Senior Research Analyst at Standard Chartered Bank/Mocatta; and Associate in Fixed Income Risk Management at Goldman Sachs.
Dr. Cardello has a doctorate and a master's of philosophy in physics from Yale University. In addition, he holds bachelor's degrees in mathematics and physics from The Cooper Union, New York. He also is a Director of the Kurt Forrest foundation.
he International Securities Exchange, the world's largest equity options exchange, was founded on the principle that technology
fosters and infuses new efficiencies and operational innovations into securities trading. After developing an innovative market structure
that integrated auction market principles into an advanced screen-based trading system, ISE launched the first fully electronic US
options exchange in May 2000. ISE continually enhances its trading systems to provide investors and the trading community with the
most efficient, least expensive order executions possible.
For more information about ISE, its products and its technology, visit www.iseoptions.com.
