NEW YORK, Sept. 22, 2016 (GLOBE NEWSWIRE) -- 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.
Nasdaq (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.