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ISE appoints two new board members

First Published 22nd May 2015

Eric Levine and Tyler Sorba join International Securities Exchange board of directors.

Gary Katz, ISE

Gary Katz, ISE

"We are very pleased to welcome Eric and Tyler as exchange directors. Their skillsets and deep knowledge of the options markets will be valuable assets for us."

The International Securities Exchange Holdings has announced the addition of Eric Levine and Tyler Sorba to the boards of directors of its two exchanges. Additionally, eight non-industry directors, two exchange directors, and the chief executive officer director were re-elected.

ISE's board of directors consists of both exchange and non-industry directors as well as the CEO director. Of the exchange directors, each ISE membership type is represented by two directors on the Board who serve two-year terms. Mr. Levine, a director and head trader of Barclays' automated volatility trading group, was appointed to represent ISE's Competitive Market Makers (CMMs). He joined Barclays in 2008 through its acquisition of Lehman Brothers. Since joining Lehman Brothers in 2004, Mr. Levine has been instrumental in building the listed options market-making business. An active participant in the industry, he represents Barclays on the Securities Industry and Financial Markets Association's (SIFMA) Listed Options Trading Committee. Mr. Levine earned a Bachelor of Arts in history from the University of Pennsylvania.

Mr. Sorba is the co-head of Automated Equity Options Market Making (AMM) at Morgan Stanley and was elected to represent ISE's Primary Market Makers (PMMs). From 2007 to 2011, Mr. Sorba worked on Morgan Stanley's Equity Exotics desk, leading several prominent books during his tenure. He earned a Bachelor of Science in mathematics from the Massachusetts Institute of Technology.

Gary Katz, president and CEO, said, "On behalf of the entire Board, we are very pleased to welcome Eric and Tyler as exchange directors. Their skillsets and deep knowledge of the options markets will be valuable assets for us as we seek to maintain and grow our leadership position in a competitive market environment."

Patrick Hickey, head of Market Structure, Optiver U.S., and Elizabeth Martin, managing director and head of Global Equities Management, Goldman Sachs & Co., were re-elected to represent ISE's CMMs and Electronic Access Members (EAMs), respectively. David Krell, Andreas Preuβ, Michael Monaco, Hauke Stars, Joseph Stefanelli, Marcus Thompson, Kenneth Vecchione, and Christianna Wood were re-elected to serve one-year terms as non-industry directors, and Gary Katz was re-elected to serve a one-year term as CEO director.

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