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President and COO Bob Fitzsimmons Appointed Acting CEO Of Nasdaq Liffe Markets - Warren Langley Departs As CEO

Date 08/08/2001

Nasdaq Liffe Markets (NqLX) today announced that Robert Fitzsimmons, President and Chief Operating Officer will assume the role of acting CEO. Warren Langley, previous CEO, has left Nasdaq Liffe Markets following an inability to agree on mutually acceptable contract terms.

Under Mr. Fitzsimmons' oversight, and with the full support of Nasdaq and LIFFE, the launch of NqLX remains on track for day one trading when permitted from a regulatory standpoint.

Mr. Fitzsimmons commented, "Nasdaq Liffe Markets is firmly on track and committed to delivering an attractive and competitive service to investors and market participants for the trading of single stock futures on the first day they are permitted. We are moving ahead on all fronts - technology deployment, regulatory approval, and a market structure providing transparency and liquidity. We will present a compelling and competitive offering for trading single stock futures and related indices."