nymex.mediaroom.com/index.php?s=43&item=1302 -
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Published on: 3/16/1999
Last Visited: 8/9/2008
NEW YORK, NY, March 16, 1999 -- Daniel Rappaport was today elected to a fourth two-year term as chairman of the New York Mercantile Exchange, making him the longest currently sitting chairman of any futures exchange in the world.
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Mr. Rappaport was first elected chairman in March 1993, after serving six years as a member of the board and one as vice chairman.Mr. Rappaport personally spearheaded the negotiations to merge with the Commodity Exchange, Inc., (COMEX) in 1994, as well as the selection and construction of the Exchange's state-of-the-art trading facility in the World Financial Center.Under his direction as chairman, the Exchange also launched its NYMEX ACCESS (SM) after-hours electronic trading system and a series of electricity futures and options contracts.
Mr. Rappaport, a graduate of New York Law School, is a member in good standing of the Bar Association of the State of New York.He also holds a bachelor of science degree from Syracuse University and a master of business administration in taxation from Bernard M. Baruch University.He has been a member of the Exchange since 1981.