The Chicago Stock Exchange Inc. said Wednesday it has promoted its general counsel, Ellen Neely, to the position of president.

As president, Neely will oversee implementation of the exchange’s new trading model that was approved by its board of governors on June 17. She will also remain general counsel of the exchange, a job she’s held for six years, most recently playing a lead role in implementing its demutualization.

“Ellen has long been a key player in the exchange’s management team, guiding CHX through complex legal issues with the SEC and ensuring that CHX maintains a high level of market integrity for investors. Her invaluable service and knowledge of the exchange makes her the perfect choice to fill this role,” said Dave Herron, CEO of the exchange.

http://www.chx.com/pressroom/press_article.asp?PR_Date=6%2F27%2F2005