David Krell

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David Krell
Location New York, NY USA

David Krell is an options market exchange executive, educator and consultant who is the co-founder of International Securities Exchange, LLC, (ISE) and served as its chairman from January 1, 2008 until June 30, 2016 when the ISE was sold to Nasdaq. He was a director of ISE since its inception in 1997. Krell served as chairman and a director of ISE Gemini since July 2013 and ISE Mercury since February 2016. From 2007 to 2015, he also served on the Supervisory Board of Deutsche Boerse AG.

In May of 2008, Krell was presented with the Joseph W. Sullivan Options Industry Achievement Award at the 2008 Options Industry Conference in Las Vegas, Nevada. Also in 2008, Krell was appointed to the board of Sophis, a provider of cross-asset, front-to-back risk and portfolio management solutions. The intention was that Krell would provide strategic advice as Sophis looked to work with its share of the North American market.[1]

In 2015, Krell was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. [2]


From the inception of the ISE, Krell served as president and chief executive officer, and on Jan. 1, 2008 he became chairman as Gary Katz (formerly COO) took the reins as president and CEO.

Krell and Katz founded ISE in 1997 along with William A. Porter, then chairman of E*Trade, and his colleague Marty Averbuch.

From 1997 to 1998, Krell was chairman and co-founder of K-Squared Research, LLC, a financial services consulting firm. From 1984 to 1997, Krell was vice president, options and index products, New York Stock Exchange, where he managed marketing, systems and new product introductions for the division. From 1981 to 1984, he was first vice president at the Chicago Board Options Exchange, responsible for the management and operation of the marketing and sales division. Krell was also a vice president of Merrill Lynch from 1978 to 1981 and founded its managed options service.[3]

Krell has been active in numerous industry groups. He was a director on the board of the International Federation of Technical Analysts, a president of the Market Technicians Association and a director on the board of The Options Clearing Corporation.

Krell formerly was an adjunct professor at Rutgers University Graduate School of Management and at the Graduate School of Baruch College. He has taught, coordinated and directed numerous seminars and workshops at the New York Institute of Finance.



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