Jukka Ruuska Elected Vice President Of The Federation of European Securities Exchanges

Jukka Ruuska, deputy CEO of OMHEX and President of HEX Integrated Markets, has been elected vice President of FESE, The Federation of European Securities Exchanges, at their annual General Assembly today in Amsterdam. FESE is the association of regulated securities and derivatives markets in Europe and incorporates EACH, the European Association of Clearing Houses.

Massimo Capuano, President and CEO of Borsa Italiana SpA in Milan, was elected President of FESE. Both Massimo Capuano and Jukka Ruuska will assume their office as per January 1, 2004.

"I am proud to be elected Vice President of FESE at the time when the European securities markets are integrating in an accelerating pace and new countries with young marketplaces are joining the European Union. I look forward to continuing the important work that FESE has done in promoting harmonized environment and demolishing barriers to integration. FESE has also at a very early moment opened its doors to the new Exchanges of Central and Eastern Europe for co-operation and subsequently for Membership, which has helped these young Exchanges and their economies to cope with enormous challenges during their early years", said Jukka Ruuska in a comment.