US SEC Appoints Haoxiang Zhu as Director of Division of Trading and Markets

The US Securities and 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 Commission (SEC) announced on Friday that it has appointed Haoxiang Zhu as its new Director of the Division of Trading and Markets. According to the press release, he will take on the new role starting December 10, 2021.

Moreover, David Saltiel has been named as the new SEC’s Deputy Director of the same division. Zhu is the Gordon Y. Billard Professor of Management and Finance and the Associate Professor of Finance at the MIT Sloan School of Management. Additionally, he has been serving as a Research Associate at the National Bureau of Economic Research.

Zhu earned a BA in mathematics and computer science from the University of Oxford and a Ph.D. in finance from Stanford University Graduate School of Business. “At the center of the SEC’s three-part mission is maintaining fair, orderly and efficient capital markets. The work of our Division of Trading and Markets links the investors in our capital markets with those companies seeking to raise money, hire employees and grow. Haoxiang brings to the SEC deep expertise and commitment to the agency’s efforts to enhance and update our rules to continue to maintain markets that are the envy in the world. I’m excited to welcome him to the agency,” Gary Gensler, SEC Chair, commented on Zhu’s appointment.

Saltiel has been serving as Acting Director of the Division of Trading and Markets. Despite his new role, he will continue to work as the Head of the Office of Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and Research. He received his undergraduate degree from Williams College and earned his master’s degree in economics from St. Antony’s College at the University of Oxford.

Berkovitz's Appointment

"I thank David for his invaluable counsel and leadership of the Division of Trading and Markets. David is a trusted colleague, and I’ve come to rely on him regarding issues critical to our markets. I’m excited to continue to work closely with him in his new role,” Gensler said.

Dan Berkovitz, US Commodity Futures Trading Commission (CFTC) Commissioner, was appointed as SEC General Counsel in September.