Nasdaq Appoints John Shay Global Head of Fixed Income and Commodities
September 22 2016 - 11:05AM
Nasdaq (Nasdaq:NDAQ) today announced the appointment of John
Shay as Senior Vice President and Global Head of Fixed Income and
Commodities. In this role, Shay will be responsible for
leading the global commodities and fixed-income areas within
Nasdaq’s Global Trading and Market Services business. This includes
our U.S. Treasuries, global commodities, as well as fixed income,
clearing, and broker services activities in the Nordic and Baltic
markets, which combined account for approximately 11% of Nasdaq’s
Market Services revenue. Shay will report to Hans-Ole
Jochumsen, President, Nasdaq. He will be based in New York and will
join Nasdaq October 11, 2016.
"A major focus for our Global Trading and Market
Services business is to pursue opportunities across asset classes
to deliver greater value to our clients and the markets,” said
Hans-Ole Jochumsen, President, Nasdaq. “John brings to Nasdaq
a wealth of institutional knowledge in financial services,
particularly fixed income and clearing. We are fortunate to tap
into his expertise to expand our opportunities as he begins his new
role.”
Shay joins Nasdaq with more than 30 years of
experience in the financial services industry. Most recently,
Shay served as Senior Vice President for Global Markets at Virtu
Financial, where he was responsible for managing outside venue,
vendor and trading relationships, focusing on fixed income,
commodities, and currencies. Prior to joining Virtu in 2007, he
founded and served as Chief Marketing Officer of IDCG where he
oversaw all sales efforts and managed all buy-side, sell-side and
clearing member relationships. Before founding IDCG, Shay
spent nearly 25 years managing various businesses for ICAP,
including Executive Vice President and Global Head of Sales for
ICAP Electronic Broking (IEB) for Fixed Income and Foreign
Exchange.
"Nasdaq has successfully applied its long legacy of
innovation to the fixed income and commodities space and has
established itself as a solid industry player,” said Shay. "We see
great possibilities to expand our product set globally, and I am
excited to lead the effort and focus on delivering more value to
clients."
Shay earned an M.B.A. from Columbia Business
School, Columbia University and a B.B.A. from Pace University’s
Lubin School of Business graduating magna cum laude.
About NasdaqNasdaq (Nasdaq:NDAQ)
is a leading provider of trading, clearing, exchange technology,
listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq
enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,700 listed companies with a market
value of $9.3 trillion and 18,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com.
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Contact:
Joe Christinat
(646) 441-5121
Joseph.christinat@nasdaq.com
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