The Gateway to Algorithmic and Automated Trading

NASDAQ OMX forms Global Market Services business

First Published 24th March 2014

Hans-Ole Jochumsen to lead combined U.S. and European transactions, clearing and settlement businesses.

Hans-Ole Jochumsen, Executive Vice President and Head of Global Market Services, NASDAQ OMX

Hans-Ole Jochumsen, Executive Vice President and Head of Global Market Services, NASDAQ OMX

"We've successfully integrated trading and clearing of all our asset classes at all our Nordic and Baltic exchanges to one technology platform to allow true multi-asset trading and clearing."

New York - The NASDAQ OMX Group has announced the formation of Global Market Services, a new entity comprising NASDAQ OMX transactions, clearing and settlement services in the U.S. and Europe. Hans-Ole Jochumsen, Executive Vice President, has been appointed to lead the newly combined business, reporting directly to Chief Executive Officer Bob Greifeld.

NASDAQ OMX's European and U.S. market services businesses will report to Mr. Jochumsen. The newly created entity will facilitate global growth and expansion of the company's cash and derivatives business within equities as well as fixed income, currencies and commodities (FICC), and enable greater customer focus, product development and technology synergies.

"As markets have become increasingly global in asset classes like fixed income, currency and commodities and in the OTC clearing space, we believe it is an opportune time to structure our transaction business in such a way that takes advantage of these opportunities," said Bob Greifeld, Chief Executive Officer of NASDAQ OMX. "Hans-Ole has exhibited tremendous leadership, and his background and experience spans virtually every asset class. His global perspective and outstanding track record will help take our transaction businesses to the next level."

"We've successfully integrated trading and clearing of all our asset classes at all our Nordic and Baltic exchanges to one technology platform to allow true multi-asset trading and clearing," said Hans-Ole Jochumsen, Executive Vice President and Head of Global Market Services at NASDAQ OMX. "With the fixed income, currency and commodities markets becoming increasingly global, I'm thrilled to make NASDAQ OMX the world leader in creating a truly integrated global offering in these areas."

Mr. Jochumsen previously oversaw NASDAQ OMX's Transaction Services Nordic business which provides an integrated marketplace of eight independent Nordic and Baltic exchanges as well as trading and clearing (for derivatives and OTC) of Nordic and Baltic securities.

Jochumsen is also responsible for NASDAQ OMX Commodities, the global commodities business unit within the company, encompassing among other things the trading and clearing of financial products.

  • Copyright © Automated Trader Ltd 2017 - Strategies | Compliance | Technology

click here to return to the top of the page