Mr. Kearney will oversee the business development process for NSX, spearheading new business initiatives and enhancing existing business relationships. He joined NSX on May 14, 2007, following a 19-year career history at The Vanguard Group.

"In an industry where technology drives business, Jim's breadth of experience will help take NSX to the next level in executing our business plan," said Joseph Rizzello, NSX CEO and Chairman of NSX Holdings, Inc. "Having spent nearly 20 years at Vanguard, Jim has learned from the best and has demonstrated strong leadership skills and a keen understanding of technology. We welcome him to the NSX team and look forward to his contributions as we continue to grow our business."

Immediately prior to joining NSX, Mr. Kearney was a Principal in The Vanguard Group's Fund Financial Services unit since November 2004. In this position, he was lead business head for a multi-year architectural redesign of portfolio accounting, trade administration, corporate actions and data management functions, working in conjunction with Information Technology to analyze opportunities and determine optimal solutions.

In previous positions at Vanguard, Mr. Kearney led a multi-year record keeping and clearing analysis and, before that, served as the Principal responsible for Vanguard Small Business Services (a micro-market retirements plans unit). Prior to that, and for the majority of his Vanguard career, Mr. Kearney held a variety of positions of increasing responsibility within Vanguard Brokerage Services.

In 2006, NSX implemented a new business strategy, which culminated in the last quarter of the year with the launch of 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 market makers, ECNs, algorithmic traders and agency brokers.