Moderator

Tom Ascher, Longitude, LLC.


Thomas Ascher is Chief Strategy Officer of ISE, LLC and ISE Gemini, LLC, as well as the head of the Corporate Initiatives Division of the International Securities Exchange (ISE) and an officer of ISE Holdings. The Corporate Initiatives Division manages ISE's new business development, including strategic planning. Mr. Ascher also serves on the Boards of Directors of Quadriserv, Inc. and Hanweck Associates.

Mr. Ascher is also Chief Executive Officer of Longitude LLC. In this capacity, he is responsible for the company's overall management, including strategic development and identifying, analyzing and instituting new business opportunities for Longitude and its proprietary technology.

Prior to joining ISE, Mr. Ascher served as Chief Executive Officer of NQLX, Nasdaq Liffe Markets LLC. Before NQLX, Mr. Ascher was an Executive Vice President of Interactive Brokers LLC, part of the Interactive Brokers Group LLC. He also has worked as an options market maker at the Chicago Board Options Exchange, where he served as Vice Chairman of the Board, and Chairman of the Executive Committee.


About Longitude:

Longitude LLC is the inventor and distributor of the Longitude Enhanced Pari-Mutuel SystemTM, a pool betting technology platform that uses advanced mathematical principles and cutting-edge computing techniques to facilitate innovation. The Longitude Enhanced Pari-Mutuel System enables sports betting and race track operators to offer a wider range of bet types, a richer display of odds data, and bigger pools with more stable odds. By allowing a range of different types of wagers on an individual race or sporting event to be aggregated into merged pools, the Longitude Enhanced Pari-Mutuel System makes more efficient use of existing liquidity. Furthermore, the technology can generate additional liquidity by allowing new bet types to be launched directly into existing pools. Partners in the industry include the Hong Kong Jockey Club and Sportech.

The globally patented Longitude Enhanced Pari-Mutuel System has its roots in the financial markets, where it has been used for the pricing and settlement of markets on a range of financial and naturally occurring events, such as credit, economic statistics, and weather. Longitude LLC and Longitude SA are wholly-owned subsidiaries of International Securities Exchange Holdings, Inc. Longitude SA is the exclusive licensee of the intellectual property rights for the Longitude technology. Longitude LLC is the sales and marketing agent of Longitude SA.