Nasdaq President Richard G. Ketchum Named As Equities Achiever Of 2001 By Equities Magazine

Equities Magazines has announced that Nasdaq's President Richard G. Ketchum is being honored this year as its "Equities Achiever of 2001." The selection is made each year by a panel of 12 judges on the person that "…has done the most to improve the equities markets by helping to make them safer, more efficient, reliable and attractive for investors."

Commenting on the honor was Nasdaq's Chairman and CEO Wick Simmons, who said, "What a great selection. Nobody knows markets better than Rick and that has lead to this year's smooth conversion to decimals, the successful implementation of SuperSoes and the approval and building of Nasdaq's next generation trading platform, SuperMontage—major accomplishments."

Biography of Richard G. Ketchum

Richard G. Ketchum was appointed President of The Nasdaq Stock Market in July 2000 and was named Deputy Chairman in the Fall of 2001. He is a member of Nasdaq's Board of Directors.

Prior to his appointment to President of Nasdaq, Ketchum oversaw a broad range of operations as president of the National Association of Securities Dealers, Inc. (NASD). He worked closely with the association's subsidiaries, The Nasdaq Stock Market, Inc., and NASD Regulation, Inc., in the development and formulation of legal, regulatory and market policies, as well as international initiatives.

Ketchum joined the NASD as Executive Vice President in 1991 and was appointed Chief Operating Officer in 1993. Prior to joining the NASD, Ketchum was the Director of the Division of Market Regulation at the Securities and Exchange Commission (SEC). The Division's responsibilities included the oversight of all U.S. securities markets, the interpretation of the Commission's rules regulating the secondary trading markets and facilitating the development of a national market system.

Ketchum was associated with the law firm of Milbank, Tweed, Hadley and McCloy in New York from 1975 to 1977 before joining the staff of the SEC. He is a member of the adjunct faculty of the Georgetown School of Law and previously for the Washington School of Law at American University. He is a member of the bar in both New York and the District of Columbia.

He earned his J.D. from the New York University School of Law in 1975 and his B.A. from Tufts University in 1972.

The Nasdaq Stock Market lists over 4,100 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.