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Patrick Fay has been promoted from senior vice president to executive vice president of business development for NQLX. Fay joined the Exchange in May 2002 and has been responsible for managing business opportunities and new product possibilities. He was formerly vice president of business development for the Chicago Board Options Exchange (CBOE). During his eighteen-year tenure at CBOE, Fay oversaw sweeping changes of the CBOE website and restructured and managed the Options Institute, among other accomplishments.
Linas Jucas has been promoted from vice president to senior vice president of technology for NQLX. He joined the Exchange in August 2002. Jucas' major responsibilities are NQLX's Internet and Intranet systems architecture and management of the Exchange's technology systems. Prior to NQLX, Jucas was senior vice president of information systems for Commerz Futures eight years. His experience also includes being director of systems architecture at CBOE where he led the Board-level Trading Floor Technology Task Force.
Tom Ascher, NQLX CEO, said, "Patrick and Linas have given NQLX the ability to bring a brand new market to a successful opening. Their respective understandings of marketing and technology have proven invaluable to us in this effort. We are extremely pleased to show our appreciation for their efforts as well as recognize their capabilities. We believe we have the best in these areas with Patrick and Linas on our team."
Bob Fitzsimmons, NQLX President, said, "We have built an outstanding team of professionals at NQLX, and Patrick and Linas have demonstrated their importance to this Exchange's success. They have provided incredible market understanding and skilled expertise that has allowed us to be successful in opening NQLX as well as continue to find new ways to provide a stronger market for our members."
NQLX is a fully electronic, federally regulated exchange formed as a joint venture between The NASDAQ Stock Market Inc.® and LIFFE (London International Financial Futures and Options Exchange). It lists security futures on both exchange-traded funds and the largest U.S. companies through LIFFE's electronic trading platform, LIFFE CONNECT™. For more information on NQLX, visit: www.nqlx.com
