About ISE

Management Team
Gary Katz
Gary Katz
President and Chief Executive Officer

Gary Katz is President and Chief Executive Officer of the International Securities Exchange (ISE) and is a co-founder of the Company.  Prior to assuming his current position, Mr. Katz served as Chief Operating Officer. 

Mr. Katz is one of the principal developers of the unique options market structure - an auction market on an electronic platform – used by both ISE and ISE Gemini.  He is named as inventor or co-inventor on six patents that the Company has received or applied for relating to its proprietary trading system and technology.

Before joining ISE at its inception, Mr. Katz served from 1997 to 1998 as President and co-founder of K-Squared Research, LLC, a financial services consulting firm.  From 1986 until 1997, he held several positions in the Options and Index Products Division at the New York Stock Exchange where he became Managing Director. During his tenure at NYSE, Mr. Katz also was a co-founder of The Options Industry Council, a trade group dedicated to promoting the equity options sector through the education of the investing public.  Prior to 1986, Mr. Katz was an actuary with the Equitable Life Assurance Company and an Associate of the Society of Actuaries.

Mr. Katz formerly was an Adjunct Professor of Statistics at the Stern School of Business, New York University, where he conducted classes in business mathematics applications and also taught classes in options strategies and pricing at the New York Institute of Finance.  Mr. Katz has an MS in Statistics with Distinction from New York University and a BA from Queens College. 

Mr. Katz is a Director of ISE and ISE Gemini and serves on the Executive Board of Eurex. He is also on the Board of Directors of OCC and serves as Chairman of the Board's Technology Committee and a member of the Governance & Nominating Committee.

Thomas Ascher
Thomas Ascher
Chief Strategy Officer

Thomas Ascher is Chief Strategy Officer of ISE, LLC and ISE Gemini, LLC, as well as the head of the Corporate Initiatives Division of the International Securities Exchange (ISE) and an officer of ISE Holdings. The Corporate Initiatives Division manages ISE's new business development, including strategic planning. Mr. Ascher also serves on the Boards of Directors of Quadriserv, Inc. and Hanweck Associates.

Mr. Ascher is also Chief Executive Officer of Longitude LLC. In this capacity, he is responsible for the company's overall management, including strategic development and identifying, analyzing and instituting new business opportunities for Longitude and its proprietary technology.

Prior to joining ISE, Mr. Ascher served as Chief Executive Officer of NQLX, Nasdaq Liffe Markets LLC. Before NQLX, Mr. Ascher was an Executive Vice President of Interactive Brokers LLC, part of the Interactive Brokers Group LLC. He also has worked as an options market maker at the Chicago Board Options Exchange, where he served as Vice Chairman of the Board, and Chairman of the Executive Committee.

Robert J. Cornish
Robert J. Cornish
Chief Technology Officer

Robert Cornish is the Chief Technology Officer of ISE, LLC and ISE Gemini, LLC. Before joining the ISE in 1999, Mr. Cornish worked for five years as a software development consultant and held various development and management consulting positions at American Express and Prudential Investments. He assisted in the ISE exchange launch as a technology consultant and became an employee in October 2000 with the initial responsibility of forming an internal development group. His current management responsibilities include Technology Strategy and Architecture, Application Development, Systems and Network Engineering, Systems Administration and Information Security. He is a member of the OCC Technology Roundtable, Financial Services Information and Analysis Center (FS-ISAC) and Financial Services Sector Coordinating Council (FSSCC) Long Range Vision Workgroup.

Russ Davidson
Russ Davidson
Surveillance Officer

Russ Davidson is the Surveillance Officer for ISE and ISE Gemini. Mr. Davidson joined ISE in September 2004 after working at the American Stock Exchange (Amex) as the Managing Director of NASD - Amex Regulation. Mr. Davidson also previously spent a decade at the Amex in the Regulation Department as the Director of the Inquiries Analysis Department. Between his two positions at the Amex, Mr. Davidson was the Vice President of the Retail Options and Equities trading desk at SG Cowen Securities Corporation. He began his career at EF Hutton in 1985 working as a retail options trader.

Mr. Davidson is an active member of the Intermarket Surveillance Group, where he currently serves on the Executive Committee. He has spoken at numerous FINRA and SIFMA panels on the topics of surveillance and compliance. Mr. Davidson holds a bachelor's degree in Economics from Stony Brook University.

Lance Emmons
Lance Emmons
Finance and Administration Officer, Controller

Lance Emmons is the Finance and Administration Officer and Controller for ISE, LLC, ISE Gemini, LLC, and ISE Holdings.  With the Company since early 2004, Mr. Emmons oversees Finance & Accounting, Project Management, Vendor Management, and Facilities.  He is also actively involved in strategic planning and pricing for the Options business. During ISE’s time as a public company, Mr. Emmons managed the quarterly and annual financial reporting obligations and supported the Investor Relations group.  Following the 2007 merger with Eurex, Mr. Emmons managed the financial reporting integration with the parent company.  Prior to joining ISE, Mr. Emmons held finance positions at Instinet, Dun & Bradstreet and Automatic Switch Company.

Mr. Emmons is a graduate of Arizona State University with a bachelor's degree in Finance.

 

Joseph W. Ferraro III
Joseph W. Ferraro III
Deputy General Counsel, Legal Officer, and Assistant Secretary

Joseph Ferraro is the Legal Officer of ISE, LLC and ISE Gemini, LLC. Mr. Ferraro joined ISE in 2000 from the New York law firm of Mound, Cotton, Wollan & Greengrass, where he practiced corporate, securities and commodities law since 1997. Previously, Mr. Ferraro served as a law clerk in the General Counsel’s Office of the New York Cotton Exchange, now known as New York Board of Trade.

Mr. Ferraro is a graduate of New York Law School and Seton Hall University, and is admitted to the New York and New Jersey bars.

Daniel P. Friel
Daniel P. Friel
Chief Information Officer

Daniel Friel is the Chief Information Officer of ISE, LLC and ISE Gemini, LLC. From 1977 to 1999, he was with Securities Industry Automation Corporation (SIAC), a jointly owned subsidiary of the New York Stock Exchange (NYSE) and American Stock Exchange (Amex). From 1994 to 1999, he was Vice President of Amex Computer Operations, managing a 24-hour, dual-site operation. In addition to computer operations, his responsibilities included quality assurance testing, communications, trading floor support and systems programming related to SIAC’s work for the Amex. Prior to 1994, Mr. Friel held several management positions at SIAC, implementing numerous innovations that remain an integral part of SIAC’s services to the equities and options markets.

A graduate of Cathedral College of the Immaculate Conception, Mr. Friel holds a bachelor's degree in Psychology.

Jacqueline Gaillard
Jacqueline Gaillard
Human Resources Officer

Jacqueline Gaillard is the Human Resources Officer of ISE, LLC and ISE Gemini, LLC. Ms. Gaillard joined ISE in 2003 and was tasked with building the HR and talent management function at ISE. In this role Ms Gaillard is responsible for recruiting, compensation, benefits, training and organizational development, employee relations and communications, policies and procedures, employment law, and HR technology. In addition to her human resources responsibilities, she also oversees ISE's office administration staff. She has an extensive background as an HR generalist, has a master's degree in Labor and Industrial Relations from the University of Illinois, and served on the Board of Directors of the NY affiliate of HR People and Strategy, a senior executive HR leadership organization. Her prior role was with a global publishing media firm as VP of HR.

Jeanine Hightower
Jeanine Hightower
Business Development Officer

Jeanine Hightower is the Business Development Officer of ISE, LLC and ISE Gemini, LLC.  With the company since early 2004, Ms. Hightower is responsible for ISE's member relationships, business development and product management. Ms. Hightower is involved at the highest levels of ISE's decision making with regard to the options business, particularly in the areas of strategic direction, functional development, market structure, fees, rulemaking and competitive responses. Additionally, Ms. Hightower oversees the exchange's front-end trading software, PrecISE® Trade, and has leadership roles in other inter-departmental functions and projects.  Prior to joining ISE, she was the U.S. Client Services Manager for Perfect Information, Ltd. and a Financial Analyst in the Technology Investment Banking group at Wachovia Securities.  

Ms. Hightower is a graduate of The University of North Carolina at Chapel Hill with bachelor's degrees in Economics and Biology. 

Boris Ilyevsky
Boris Ilyevsky
Managing Director, ISE Options

Boris Ilyevsky is Managing Director. In this capacity, he oversees the growth and development of the US's leading options market and manages its day-to-day operations. With ISE since early 1999, Mr. Ilyevsky has also held several key positions in Marketing, Technology and Market Operations.

Mr. Ilyevsky is a graduate of New York University with bachelor's degrees in Economics and Politics.

Claire McGrath
Claire McGrath
Compliance Officer

Claire P. McGrath serves as the Compliance Officer for ISE, LLC and ISE Gemini, LLC, responsible for developing and implementing a compliance program for each exchange. She brings to this role over 25 years of experience as an attorney in the exchange and options industries, with extensive knowledge of the structures, trading and regulatory requirements of equities and options exchanges.

Ms. McGrath began her legal career as a staff attorney in the options division of the American Stock Exchange (Amex). Over two decades at the Amex, Ms. McGrath held positions of increasing responsibility in the exchange’s options and legal divisions, culminating in her selection as General Counsel in 2005. Following the acquisition of the Amex by NYSE Euronext in 2008, Ms. McGrath established a legal consulting practice advising clients on equity and derivative market structures, securities markets rules and regulations and related matters. She worked with MIAX Options to obtain its national securities exchange registration and develop its regulatory program.

Ms. McGrath earned her law degree from Brooklyn Law School and holds a bachelor’s degree in English from Stony Brook University. She is a member of the New York bar.

Molly McGregor
Molly McGregor
Communications and Marketing Officer

Molly McGregor is the Communications and Marketing Officer for ISE, LLC and ISE Gemini, LLC.  In this capacity, she is responsible for ISE’s corporate communications, brand identity, online media and advertising presence, and conference/event participation. Ms. McGregor also oversees ISE’s government relations efforts and is a Board Member of ISE’s Political Action Committee (ISE PAC). Prior to joining ISE in 2006, Ms. McGregor was a Policy Advisor in the Regulatory Affairs Department of the Institute of International Finance, a Washington, D.C.-based trade association for global financial services firms. She also previously served on the mergers and acquisitions teams of Credit Suisse First Boston and Donaldson, Lufkin & Jenrette. 

Ms. McGregor is a graduate of the London School of Economics with a mater's degree in International Political Economy, and of Washington and Lee University, with a bachelor's degree in Politics and Economics.

Kris Monaco
Kris Monaco
Head of ISE ETF Ventures

Kris Monaco joined ISE Holdings in March 2002.  He established the ISE ETF Ventures group, and is responsible for overseeing all ETP financing activity and partnerships, derivative product development, index development, and index licensing.  Prior to joining ISE Holdings, Mr. Monaco led business development for AZX, the first electronic stock exchange that used call auctions as its primary mode of order matching.  Prior to his time at AZX, he was a senior project manager at Hayden|Wegman Consulting Engineers and directed engineering teams for civil infrastructure projects in the New York metropolitan area.

Mr. Monaco graduated from Baruch’s Nash Program with an M.B.A., and from The Cooper Union with master's and bachelor's degrees.  

Thomas Reina
Thomas Reina
Technology Development Officer

Thomas Reina is the Technology Development Officer of ISE, LLC and ISE Gemini, LLC. Mr. Reina joined ISE in 2000 and has over fifteen years of prior software development experience. He joined ISE from Citibank where he designed and developed low level infrastructure and security components for a large web-based application.

Mr. Reina is a graduate of Trenton State College.

Michael J. Simon
Michael J. Simon
General Counsel, Secretary and Chief Regulatory Officer

Michael Simon is the General Counsel, Secretary and Chief Regulatory Officer of ISE, LLC and ISE Gemini, LLC, and Secretary of ISE Holdings. From 1993 to 1998, Mr. Simon was "Of Counsel" to Milbank, Tweed, Hadley & McCloy. He had previously been Senior Attorney and an Associate with the firm since 1988. Mr. Simon practiced in the firm’s Corporate and Banking Department, where for six years he had primary responsibility for representation of the New York Stock Exchange, focusing on corporate listings, market structure and regulation. From 1986 to 1988, Mr. Simon was Vice President and Associate General Counsel of the National Securities Clearing Corporation, where he handled general corporate and regulatory matters. There, he also worked on international clearance and settlement and on the development of the first clearance and settlement facility for government securities. From 1978 to 1986, Mr. Simon was with the U.S. Securities and Exchange Commission where he was Assistant Director for Over-the-Counter Market Regulation and Structure.

Mr. Simon is a graduate of the University of Pittsburgh School of Law and the University of Rochester, and is a member of the American Bar Association.