NEW YORK, Feb. 10, 2009 (GLOBE NEWSWIRE) -- International Derivatives Clearing Group, LLC., an independently operated subsidiary of NASDAQ OMX Group, announces the appointment of Laurie Ferber, Esq., as its General Counsel and Chief Regulatory Officer. She was previously a managing director at Goldman, Sachs & Co.
Ms. Ferber will be responsible for all legal and regulatory affairs, including compliance and a variety of corporate governance issues.
Christopher Edmonds, CEO of International Derivatives Clearing Group states that, "We're excited to have Laurie join our team as a member of senior management. She brings tremendous experience with a wide variety of trading markets and their regulation and will be an invaluable asset as we continue building our organization into a top-flight clearinghouse in a new, exciting era of transparency."
Prior to joining International Derivatives Clearing Group, Laurie served in a number of capacities at Goldman Sachs, including as general counsel of J. Aron & Company and co-general counsel of the Fixed Income, Currency and Commodities Division. She also headed Goldman Sachs Derivatives Legal Group, and spent much of the last 9 years developing new businesses, including Economic Derivatives. Most recently Laurie was Chief of Staff for the Global Business Selection and Conflicts Group at Goldman and then worked on the company's transition to a Bank Holding Company.
Earlier in her career, Laurie was an attorney with the law firm Skadden, Arps, Slate, Meagher & Flom and thereafter with Schulte, Roth & Zabel.
Laurie is a trustee of the Institute of Financial Markets and of New York University School of Law. She is a graduate of the State University of New York at Buffalo and the New York University School of Law.
About the International Derivatives Clearing Group:
The International Derivatives Clearing Group (IDCG) is an independently operated subsidiary of NASDAQ OMX Group. IDCG will operate International Derivatives Clearinghouse (IDCH), a CFTC regulated clearinghouse that will be a central counterparty to interest rate swap futures contracts and other fixed income derivatives. IDCH, in conjunction with IT&e's Razor technology, will utilize NASDAQ OMX Click XT matching and NASDAQ OMX SECUR clearing technology to provide an efficient and transparent forum to clear and settle futures products. For more information about IDCG and IDCH, visit www.IDCG.com.
About the NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about IDCH and its products and services. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond IDCH's control. We undertake no obligation to release any revisions to any forward-looking statements.