Nasdaq Taps Mattias Hammarqvist as CEO of its Broker Services Unit

Nasdaq Broker Services AB, an investment firm licensed by the Swedish Financial Supervisory Authority, has shaken up its top ranks, appointing Mattias Hammarqvist as its newest CEO with immediate effect. The promotion caps off the latest appointment in Nasdaq’s ranks, opting to elevate one of its own veterans across Nordic capital markets.

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Mr. Hammarqvist will take the reigns from Peter Ekström, the unit’s acting CEO, who will instead shift his focus to future business opportunities at Nasdaq Broker Services as its Head of Business Development. In his stead, the group has gone with capital markets veteran Mr. Hammarqvist, who switches roles after serving as the Vice President, Head of Sales & Account Management, Nordic Equities & Derivatives, at Nasdaq.

In this capacity, Mr. Hammarqvist will be tasked with a wide range of responsibilities, including the oversight of all the business and operations related to the Nasdaq Broker Services. Nasdaq Broker Services operates as a research and investment arm of Nasdaq Inc. (NASDAQ: NDAQ), one of the largest Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term groups in the world. The group focuses on the reception and transmission of orders and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of clients also providing custodianship and related services such as cash and collateral management.

Mr. Hammarqvist has been part of Nasdaq’s Nordic Equities Management Team for the past decade, originally joining the unit back in 2007. During his tenure with the group, he has also been involved with all aspects of Nasdaq Nordic’s market structure, including overseeing the transition of new regulatory regimes. His expertise in this space will be instrumental ahead of the passage of MiFID II regulations this upcoming January.

Overall, he has worked for over seventeen years across the financial services industry, beginning his career at OMX back in 2000, focusing on the company’s business development. The majority of his career has seen him based out of Stockholm, with the exception of a brief stint in London for two years, citing information made public on his Linkedin profile.

Arminta Saladziene, Chairperson of the Nasdaq Broker Services Board, commented: “Mattias brings a solid experience of the capital markets in Sweden and the Nordic region, combined with an in depth knowledge in equity sales and the market structure, and long-standing relationships with the key Nordic market participants. I am delighted that he has accepted to take the lead in growing our business in the Broker Services field.”

“I am looking forward to take the Broker Services business to the next level and to further strengthen our valuable customer relationships. In order to ensure business continuity I will work closely with Peter and the rest of the team. There is an increasing demand in the market for our services and an ongoing discussion on how to efficiently handle post trade services in the near future," added Mr. Hammarqvist.

The appointment of Mr. Hammarqvist marks the latest personnel move in the region for Nasdaq since two of promotions earlier this year. Back in February Nasdaq’s Nordic and Baltic Fixed Income and Post-Trade units promoted Fredrik Ekström and Julia Haglind to new senior roles.