July 12, 2011

Nasdaq OMX said it named Michel Finzi as SVP and Head of U.S. Equities of NASDAQ OMX Transaction Services.

Finzi will join NASDAQ OMX later this summer and report to Eric Noll, EVP of Nasdaq OMX Transaction Services U.S. and U.K.

Finzi joins Nasdaq OMX from ConvergEx RealTick, where he spent more than four years serving as managing director and global head of business development and was a member of the senior management team.

"We intend to leverage Michel's background in multi-asset class trading platforms, sales and client management experience and electronic communication networks to continue to make NASDAQ OMX the premier liquidity venue servicing all market participants and investors,” commented Noll in the press release. In his statement, Noll noted that Finzi brings “more than 23 years of experience in global brokerage, trading technologies and electronic trading which will be instrumental as he leads our U.S. equity efforts.”

Finzi will be responsible for leading the strategic direction, sales efforts and market operations for NASDAQ OMX's three U.S. equity exchanges; The Nasdaq Stock Mkaret, Nasdaq OMX BX and Nasdaq OMX PSX, as well as the sales efforts for the exchange group's two U.S. options exchanges; Nasdaq OMX PHLX and The Nasdaq Options Market. He will also operate and manage Nasdaq's Access Services data center ports and membership, co-location offerings and The FINRA/Nasdaq Trade Reporting Facility. Finzi will drive innovative product development in equities and other asset classes to create new ways to leverage the exchange group's low-latency INET technology and leadership in operating transparent and liquid markets.

Finzi started his career at Instinet in 1988 where he had numerous senior management roles in the United States and in Europe until 2003. His responsibilities included running client segment P & L's, developing international equity trading businesses, and leading various technology groups responsible for delivering a wide variety of electronic trading functionalities across global markets. At ConvergEx, Finzi was also responsible for spearheading the sales and marketing efforts to buy-side, sell-side and active trading clients as well as helping to shape the company’s product development strategy, stated the release.

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Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...