Ideanomics appoints Mr. John Wallace to its Board of Directors

Ideanomics Inc. (Nasdaq: IDEX) has today announced Mr. John Wallace has been appointed to its Board of Directors effective immediately. Mr. Wallace will hold this position until the Company’s next annual meeting of stockholders.

“We are very excited to welcome John to our Board of Directors. John is a seasoned leader with the experience and acumen necessary for adding tremendous shareholder value,” said Dr. Bruno Wu, Chairman of Ideanomics. “Additionally, John’s extensive public company experience will enable him to contribute significantly to the Ideanomics growth plan.”

John is a seasoned executive with experience across a range of industries. For the majority of his career, John was a senior executive & officer of the Philadelphia Stock Exchange (“PHLX”). John started at the PHLX in 1964 and became a member of the PHLX in 1971. John served as a member of the PHLX Board of Governors from 1984 until August 2008. During his tenure at the PHLX John held several senior positions including Chairman, Vice Chairman and Chief Executive Officer. He traded on all floors of the exchange in the capacity of a specialist/market maker on the options and equity floors, and as a floor broker for equities, options, and currencies. In addition to his service as Chairman of the PHLX Options Committee and member of the PHLX Executive Committee, John served on virtually every PHLX Committee and chaired the following PHLX committees: Admissions, Allocation, Arbitration, Elections, Evaluation and Securities, Finance, Long Range Strategic Planning, Marketing, New Product Development and Nominating. John also served as Chairman of the Board of the Stock Clearing Corporation of Philadelphia, Chairman of the Board of the Philadelphia Board of Trade, Chairman of the Board of the Philadelphia Depository Corporation and as a board member of the PHLX’s technology subsidiary, and Advanced Tech Source Company. Over the course of his career in the securities industry, John has also been a member of the Toronto Stock Exchange, a seat owner of the New York Mercantile Exchange as well as registered with the National Futures Association as a floor broker.