Nyse Liffe, the U.S. futures exchange of Nyse Euronext (NYX ), today announced that Clifford J. Weber joined the company as Executive Vice President, Head of Product Development and Strategy.
Mr. Weber, 45, will report to Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures, and be responsible for the research, development and implementation strategy for NYSE Liffe's financial products.
"We welcome Cliff Weber to NYSE Liffe," said Hugh Freedberg, Group Executive Vice President and Head of Global Derivatives, NYSE Euronext. "His extensive new product development experience in the cash and derivatives markets make him a great fit for NYSE Liffe as we look to further establish and expand our business in the U.S. "
Mr. Callahan said: "I am thrilled to welcome Cliff to the NYSE Liffe management team. We believe that innovation is the key to creating successful competition in the U.S. Futures market. Cliff's deep experience will be a tremendous asset as we partner with our clients to deliver innovative new listed derivative products to the market."
Most recently, Mr. Weber was Executive Vice President, Development and Strategy at the American Stock Exchange (Amex) where he was responsible for the ETF Marketplace, Capital Markets, Equities, and Research and Strategy. He played a key role in the development and deployment of the Amex's successful ETF business, and has held various positions at the Amex since starting there in 1990. Mr. Weber has a B.A. from Dartmouth College and M.S.E from University of Pennsylvania .
NYSE Liffe provides a fully transparent, liquid market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. NYSE Liffe utilizes the proven LIFFE CONNECT trading platform designed and maintained by NYSE Euronext Technology.