John Shay will be responsible for leading the global commodities and fixed-income areas within Nasdaq's Global Trading and Market Services business.
This includes 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.
Most recently, Shay served as Senior Vice President for Global Markets at Virtu Financial. Prior to joining Virtu in 2007, he founded and served as Chief Marketing Officer of IDCG.