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Philadelphia Stock Exchange Names Vice President For New Product Development

Date 19/08/2004

The Philadelphia Stock Exchange (PHLX) named Daniel R. Carrigan Vice President For New Product Development.

In his new position, Carrigan will be responsible for developing new proprietary equity, options and futures products for the Exchange.

Before joining the PHLX, Carrigan, who has more than 17 years experience in the industry, held the position of managing director/head of equities for the Chicago Board of Trade. Previous to that, he was a founding partner and managing director/head of international business development for OneChicago, LLC, an electronic futures exchange. He also worked as a trader and in business development roles for Tudor Investment Corp., Finacor Vendome, Inc., ABN AMRO and Crédit Agricole.

Carrigan earned a bachelor of science degree from the University of Illinois in1986. A native of Illinois, he is married and has two children

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades nearly 2,000 stocks, 1,500 equity options, 18 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.