From January 2003 to July 2008, Norman Steisel was Executive Vice President (EVP) and Chief Operating Officer of the Philadelphia Stock Exchange (PHLX). A key member of the PHLX strategic management team, Mr. Steisel was accountable for managing the daily operations through which the Exchange’s strategic plan and initiatives were administered.
The design of the strategic plan was to draw out value through taking advantage of regulatory licenses, enhancing technology assets, as well as offering innovative trading modalities and products. The PHLX was eventually sold to NASDAQ OMX. Mr. Steisel managed the PHLX’s involvement in transition planning and integration activities with NASDAQ OMX.