As the Financial Information Services Division moves into its 21st year, it is time to recognize the leaders who were on the front lines as the market data industry evolved, met numerous business and technical challenges and grew to a multi-billion dollar industry.

FISD has established a Lifetime Achievement Award in order to recognize the people that contributed to the major developments and accomplishments of the financial information industry over the past 20 years.

The FISD Market Data Lifetime Achievement Award will be presented biennially at the World Financial Information Conference (WFIC). Candidates must have been in the industry for more than 15 years and have provided a notable contribution to the market data industry. The first award was presented at the WFIC Awards Banquet on October 11th in Rome, Italy.

2005 Lifetime Achievement Award Winner
Bernie Weinstein

Mr. Weinstein founded ILX Systems in 1988 and as its president and chief executive officer, built it over fourteen years from a start-up to be one of the major market data vendors with over 160,000 users globally at firms including Merrill Lynch, Morgan Stanley and A.G. Edwards. He also managed a major division of Thomson Financial as president of its Sales and Trading Group, which included Beta Systems and Autex.

Since joining Cantor Fitzgerald in 2002, he has been responsible for Cantor Market Data, a provider of fixed income market data and commentary, and have overseen its rapid growth. He also serves as Chief Executive Officer of Kleos Managed Services. a subsidiary of eSpeed, an affiliate of Cantor and a major electronic marketplace and trading technology provider for the capital markets. Kleos provides end-to-end managed technology services to the financial industry, including hosting, communications, network management and support, trading solutions and technology licensing.

Prior to founding ILX, Mr. Weinstein was the Chief Information Officer of EF Hutton with responsibility for global information systems (including market data) and telecommunications. Under his direction, EF Hutton introduced in the 1980s a then-revolutionary market data system, AWE (Advanced Workstation for the Executive), which supported market data, information retrieval and office automation functions such as eMail, word processing, and spreadsheets. He was also founder and chief executive of International Brokerage Information Systems, Inc. (IBIS), a subsidiary of the EF Hutton Group, that provided information systems and service to the financial industry globally.

Other Nominees:

Thomas E. Haley

Mr. Haley is retired from the New York Stock Exchange, Inc., where he headed up the Market Data Division for the past 20 years. In that capacity he oversaw the Exchange’s business of distributing real-time price information and quotes to brokers, dealers and investors around the globe. For fifteen of those years, Mr. Haley served as the Chairman of the Consolidated Tape Association and the Consolidated Quotation Operating Committee. These two key components of the National Market System are joint ventures of all of the United States’ securities markets. They set policy for, and administer, the collection, consolidation and distribution of market data for listed United States equity securities.

Mr. Haley is a former member of the Board of Directors of the Information Industry Association and also served as Treasurer of that Association. He was one of the early members of the FISD and for a number of years played an active role in shaping the FISD agenda.

During his career Mr. Haley played an important leadership role in promoting and establishing new policies and procedures governing the dissemination of real-time price information. He was instrumental in developing new exchange market data policies to keep pace with changing technology and to remove administrative and other barriers that hampered dissemination of real-time price information. His credits include the creation and design of the “non-professional schema” that set the stage for retail investor access to streaming price information and the development of a new contractual framework to facilitate the dissemination of the real-time ticker on television.

Before joining the Exchange, Mr. Haley held executive-level financial and administrative positions at a Division of Saab Scania, AB, and at The Equity Corporation. He began his career as an accountant at Arthur Young & Co. in 1962 and is a Certified Public Accountant.

W. Leo McBlain

Mr. McBlain has been President of the Financial Information Forum in NY since 1995, The Financial Information Forum is an industry organization that brings together business and technology executives from exchanges, broker-dealers, vendors and other organizations to address issues related to brokerage industry information and processing systems. FIF with other industry associations cooperated on industry-wide projects such as Year 2000 testing, decimalization and implementation of straight-through-processing.

He was chair of FISD from 1990-1995.

Previously, he spent thirty-five years at ADP Brokerage Services Group, under various incarnations. First, as VP Marketing where he led sales and marketing efforts which gained competitive wins at 15 major brokerage firms including Merrill Lynch and Shearson (now Salomon Smith Barney). He introduced FS Partner - the industry's first PC-based terminal system for professional brokers. In 1987, he moved to VP, Vendor Relations where he worked closely with client firms regarding the use of real-time market data and brokerage processing services in conformance to exchange and regulatory policies.

• Developed market data, news, research and order and client account
• information services on LAN-based client/server systems in open
• architecture software environment.
• Identified new financial information sources, negotiate business and
• manage new information product introductions.
• Assured continuing profitable business arrangements with exchanges and
• information providers.

Tony Wyan

With over 30 years of experience with market regulations and operating procedures, Tony Wyan is the acknowledged industry expert in global market-data integrity. Before forming Tony Wyan & Company, Tony served as Vice President of Market-Data Integrity at Merrill Lynch, where he acted as quality assurance advisor and testing coordinator to the data-vendor industry, advising executives at ADP, Bloomberg, Bridge, ILX, Reuters, and Telerate/Dow Jones, among others.

His expertise continues to play a key role in shaping data integrity for the global financial industry. Tony has authored numerous articles promulgating substantial-compliance standards for market-data display and reporting. In addition, he also develops and teaches a series of seminars on market data, which have been presented in the United States, Europe, and Latin America. Professionals from market-data providers, exchanges and financial institutions, such as Reuters, Bloomberg, ADP, and JP Morgan, have benefited from his knowledge and dynamic teaching style.

As co-chair of the Securities Industry Association/Financial Information Forum Y2K Market Data Test, Tony created the scripts used to certify the country’s equity market infrastructure, including the New York Stock Exchange, the American Stock Exchange, and NASDAQ. The tests ultimately resulted in the flawless transition to post-1999 operations for the financial markets.

The 2005 nominees were selected by a committee of market data veterans including:

Richard Jacobi, Lava Trading
Jocelyn Killeen, Thomson Financial
Jack McConville, Shore Communications
Brian McNelis, Reuters
Chris Pickles, BT Radianz
Reg Pritchard, The Rights Management Group
Barry Raskin, Telekurs
Leo Vozel, Jordan & Jordan