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08/04/03

HUMAN FACTORS

NASDAQ HIRES FROM INSTINET-ISLAND; CHANGES DEUTSCHLAND BOARD

Nasdaq’s Transaction Services arm has hired five new sales directors--four of them from the merged Instinet-Island ECN. John Denza and Chris Sinclare both joined Island as sales representatives in 2000, while Drew Krichman joined in 2001. Kathleen MacGilvray was most recently head of sell-side product strategy at Instinet, having joined Island in 2002 as a sales associate from the Brut ECN. Allison Merna, the only director not to have

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MCP is dead, long live MCP

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