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National Stock Exchange(R), Inc. (NSX(SM)) today announced the appointment of three officers: Jacob T. Mulaikal as Chief Operating Officer, in addition to his current position as NSX's Chief Financial Officer; Michael B. Traynor as Chief Strategy Officer; and Lori A. Ragus as Assistant Vice President and Senior Regulatory Counsel.
As Chief Operating Officer of NSX, Mr. Mulaikal will be responsible for overseeing NSX's day-to-day business activities. He assumes these new responsibilities in addition to his duties as NSX's Chief Financial Officer, responsible for the Finance, Accounting, Human Resource and Administrative functions of the Exchange. He joined NSX in March 2000 as Director of Finance and Administration and was promoted to CFO in January 2001.
Prior to joining NSX, Mr. Mulaikal served as Group Finance Officer for Heller Financial Inc. and was responsible for the financial planning and oversight of 14 international subsidiaries of the company. Before that, he worked at Household International and the Equity Group in various tax research, planning and compliance roles. He holds an MBA from DePaul University in Chicago and a Bachelor of Science Degree from Loyola University in India. He is a Certified Public Accountant in the United States and a Chartered Accountant in India.
Mr. Traynor, as Chief Strategy Officer, will be responsible for strategic planning and product development. Most recently, he was a founding partner of the MindCapital Group, LP, which provided strategic consulting services to NSX, as well as several other financial services clients.
Prior to that, Mr. Traynor worked for Susquehanna International Group, LLP, where he was responsible for new product development and ETF marketing. He began his career at the Vanguard Group, serving in a variety of capacities including new business initiatives and brokerage strategy. He holds an MBA from Villanova University and a Bachelor of Science Degree from Boston College and is a Chartered Financial Analyst.
Ms. Ragus joined NSX in June 2006 with extensive regulatory experience in the securities industry. She worked for the Securities and Exchange Commission for 12 years, most recently as Attorney-Advisor in the Investment Management program at the Chicago Regional Office. Her professional history also includes a position as Director and Associate General Counsel for The Options Clearing Corporation, where she worked for six years. She holds a J.D. from IIT Chicago- Kent College of Law and a Bachelor of Science Degree from the University of Illinois.
Joseph Rizzello, NSX CEO and Chairman of NSX Holdings, Inc., said, "These individuals offer the caliber of talent NSX needs to grow our business. Jake Mulaikal has not only done an outstanding job managing the Exchange's finances, he has played an integral role in the development of NSX's strategy and the implementation our new business plan. Mike Traynor's strong background in business strategy in the financial services sector and his knowledge of market structure issues will serve NSX well at this critical point in our history. And with her depth of regulatory experience, Lori Ragus has proven to be a valuable member of the Exchange's Regulatory Services Division."
NSX implemented a new business strategy in 2006, which culminated in the last quarter of the year with the launch of a new state-of-the-art technology platform -- NSX BLADE(SM) and the NASD/NSX Trade Reporting Facility. The new platform was built from the ground up to meet the speed, price and service needs in a post-Regulation NMS environment. It was designed to accommodate the broadest range of users, including OTC Market Makers, ECNs, algorithmic traders and agency brokers.
NSX, the nation's first all-electronic stock exchange, is the cost-effective provider of exchange services. Having replaced its physical trading floor with a completely automated market in 1980, NSX has been a model of exchange efficiency and a driving force for change in the world of securities exchanges. Founded in 1885, NSX continues to lead the way in exchange innovation. For more information, visit NSX's website at http://www.nsx.com .
