The parent company behind the exchange operator, with 60 locations in 26 countries, has promoted its Executive Vice President, Hans-Ole Jochumsen, as Head of Global Market Services, the entity it just created.
NASDAQ OMX, the parent company behind the U.S. Stock Exchange known by the NASDAQ brand, has today announced the formation of a new entity under the name Global Market Services, to handle the groups’ transactions, clearing and settlement services in the U.S. and Europe, according to its official press release.
This new formation will help the group expand its cash and derivatives business within equities and its fixed income, currencies and commodities (FICC) business, as per the description.
Taking the lead of the newly combined global business, encompassing the U.S. and European segments, Hans-Ole Jochumsen, Executive Vice President at NASDAQ OMX has been appointed to be responsibe for overseeing the new entity as Head of Global Market Services, and will be reporting directly to the group's Chief Executive Officer Bob Greifeld.
The idea behind the new entity is to help facilitate global growth, and technology synergy, by combining the market services businesses from both the U.S. and Europe, with each reporting to Mr. Jochumsen.
"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.
Mr. Greifeld added regarding the expanded role of Mr. Jochumsen, "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."
The news follows its previously announced creation of a Global Information Services, as well as the combination of market technology and corporate solutions to form its Global Technology Solutions.
Similar streamlining has been seen at Reuters, via the consolidation of products into a few key platforms and business divisions, as firms try to refine their organizational structure and best position their products.
"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 unit within the company that includes the trading and clearing of financial products on one of the world's largest power exchanges. He previously oversaw the company’s transaction services in the Nordic region which is integrated with eight Nordic and Baltic exchanges and includes derivatives and OTC trading and clearing in securities in those regions.
NASDAQ OMX, the parent company behind the U.S. Stock Exchange known by the NASDAQ brand, has today announced the formation of a new entity under the name Global Market Services, to handle the groups’ transactions, clearing and settlement services in the U.S. and Europe, according to its official press release.
This new formation will help the group expand its cash and derivatives business within equities and its fixed income, currencies and commodities (FICC) business, as per the description.
Taking the lead of the newly combined global business, encompassing the U.S. and European segments, Hans-Ole Jochumsen, Executive Vice President at NASDAQ OMX has been appointed to be responsibe for overseeing the new entity as Head of Global Market Services, and will be reporting directly to the group's Chief Executive Officer Bob Greifeld.
The idea behind the new entity is to help facilitate global growth, and technology synergy, by combining the market services businesses from both the U.S. and Europe, with each reporting to Mr. Jochumsen.
"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.
Mr. Greifeld added regarding the expanded role of Mr. Jochumsen, "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."
The news follows its previously announced creation of a Global Information Services, as well as the combination of market technology and corporate solutions to form its Global Technology Solutions.
Similar streamlining has been seen at Reuters, via the consolidation of products into a few key platforms and business divisions, as firms try to refine their organizational structure and best position their products.
"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 unit within the company that includes the trading and clearing of financial products on one of the world's largest power exchanges. He previously oversaw the company’s transaction services in the Nordic region which is integrated with eight Nordic and Baltic exchanges and includes derivatives and OTC trading and clearing in securities in those regions.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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