ELX Electronic Liquidity Exchange, has appointd Neal L. Wolkoff as Chief Executive Officer. Mr. Wolkoff has more than 20 years of experience as an exchange executive, most recently as Chairman and Chief Executive Officer of the American Stock Exchange and previously as Chief Operating Officer and Executive Vice President of the New York Mercantile Exchange.
"Neal's record of effective leadership, deep knowledge of the futures industry and commitment to market integrity make him an excellent choice for ELX," said Tom Rubio, Chairman of the ELX Supervisory Board and Managing Partner of Breakwater, a leading Chicago-based trading firm.
"As CEO, Neal will play a major role in establishing ELX as a vigorous, competitive exchange, focused on delivering superior cost-efficiency, innovation and service to all futures market participants," added Catherine Bartzos, a Managing Director of J.P. Morgan and member of the Supervisory Board's Operating Committee.
Mr. Wolkoff said: "ELX will offer an open and competitive exchange focused on the needs of all market participants and their customers. In a new environment in which most market participants directly access exchanges through advanced trading technology, ELX has unprecedented opportunities to build liquidity by offering a structure tailored to the requirements of high- volume electronic trading. Initially, ELX will focus on the significant opportunity to bring lower transaction costs, successful innovation, and greater speed and efficiency to the global market in U.S. Treasury futures contracts. I look forward to talking with market participants in the months ahead about how ELX can best meet their needs and the needs of their customers."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment