Source: National Stock Exchange
National Stock Exchange, (NSX) today announced the appointment of Matthew C. Newton, and the re-election of Mary L. Bender and Donald L. Calvin, to its Board of Directors.
Mr. Newton, Managing Director and Head of Single Stock Trading of U.S. Equities at Citi Markets and Banking, was appointed as an At-Large Director on the National Stock Exchange. Inc. Board. He was also appointed to the Board of NSX Holdings, Inc., the Exchange's parent company. He replaced Steven J. Keltz, Director and Counsel for Citi Markets and Banking, who stepped down earlier this month from these two NSX Boards.
Mr. Newton has been in his current position at Citigroup since 2006. Before that, he was Citigroup's Head of U.S. Equities Cash Trading and the Sector Head for Diversified & Healthcare. He joined Citigroup's former division, Salomon Smith Barney, in 2000, after working in US Shares Trading for Goldman Sachs. He began his career on Wall Street in 1994, working in the Global Equity Trading Department of Scudder Kemper Investments. Mr. Newton holds a Bachelor Degree in Economics from the State University of New York at Albany and an MBA from the New York University Stern School of Business.
Joseph Rizzello, NSX CEO and Chairman of NSX Holdings, Inc., said, "NSX is very pleased that Matt Newton has joined our Board. We welcome his insights and look forward to the fresh perspective he brings to the Exchange at this most important period in our history."
Mary L. Bender and Donald L. Calvin were re-elected as Independent Directors to the National Stock Exchange, Inc. Board. Ms. Bender is a consultant to broker-dealers and securities exchanges in the areas of financial responsibility, sales and trading practices, customer protection and securities industry continuing education. Mr. Calvin is Chairman of the Board of National Stock Exchange, Inc. He is also Chairman of International Business Enterprises, Inc., serving as adviser to Chairmen and Chief Executive Officers of leading securities exchanges in North and South America, Europe, Asia and Africa.
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.