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Nasdaq Liffe Markets Announces Bob Fitzsimmons President and Chief Operating Officer - Joint Venture Is Officially Named Nasdaq Liffe Markets

Date 02/08/2001

Nasdaq Liffe Markets (NqLX), the joint venture between The Nasdaq Stock Market, Inc. (Nasdaq) and the London Financial Futures and Options Exchange (LIFFE), announced today that Bob Fitzsimmons has been named President and Chief Operating Officer. He is responsible for the implementation of NqLX's strategy and oversight of its day-to-day market operations. He will be located in NqLX's newly opened principal operations office in Chicago. Nasdaq Liffe Markets is headquartered in New York with offices in London and Chicago.

Mr. Fitzsimmons was most recently with Nasdaq's former parent company, the National Association of Securities Dealers, which he joined in 1999 as Executive Director. Prior to that, Mr. Fitzsimmons was a Managing Director at Nomura Securities International, running its futures business. He started the futures division for Nomura Securities in 1990, and within three years, the division was one of the top 20 Futures Commission Merchants (FCMs) measured in terms of customer equity. Before joining Nomura, he was a broker in the Treasury Bond Options Pit for Kidder, Peabody & Co.

Mr. Fitzsimmons became a member of the Chicago Board of Trade in 1987, and was a member of the Chicago Mercantile Exchange. He was an active member participant on FCM committees at both exchanges. He also is a member of the CFTC's Technology Advisory Committee. He graduated cum laude from Harvard College and has an MBA from the University of Chicago.

"With the addition of Bob to the Nasdaq Liffe Markets team, we are one giant step closer to being ready for the first day that single-stock futures can start trading in the U.S.," said Warren Langley, NqLX chief executive officer. "His experience and skills will allow us to pull together all of the various pieces of the puzzle necessary to have Nasdaq Liffe Markets up and running and be successful in the single-stock futures market in the U.S."

John Damgard, president of the Futures Industry Association, said, "Bob Fitzsimmons is a great addition to the Nasdaq Liffe management team. Bob's experience in the futures and securities industries will be a great asset to this effort. We look forward to working with him toward a smooth launch of equity futures products for what we expect to be an important new financial product."