Global exchanges operator and technology provider Nasdaq OMX has promoted Tom Wittman to the role of global head of equities, reporting to Hans-Ole Jochumsen, president of global trading and market services.
Formerly head of US equities and derivatives and president of Nasdaq OMX PHLX, where he oversaw the Philadelphia exchange’s transition to a hybrid trading platform, Wittman will be responsible for the firm’s global cash equities and equity derivatives markets.
Nasdaq OMX operates three equities markets, three options markets and a futures market in the US. In Europe, the firm operates securities exchanges across the Nordic and Baltic region as well as a Nordic derivatives exchange and NLX, a London-based derivatives exchange.
Eric Noll, who was responsible for the Nasdaq OMX’s US and UK equity, options and futures exchanges as head of transaction services, left the firm in November last year to join broker ConvergEx.
Separately, Nasdaq OMX has launched MiQ, a business intelligence service aimed at financial market infrastructure operators such as exchanges, clearing houses and central security depositories. MiQ is a centralised data management solution designed to help large volume users to process, store and retrieve data across the trade lifecycle. Developed in partnership with visual data discovery software provider Datawatch, MiQ allows users to “better visualise cross-system data dynamically as their markets evolve to gain true value and real-time insight”.
“The launch of MiQ will significantly improve how market operators effectively and strategically manage and analyse their data,” said Lars Ottersgård, senior vice president of market technology at Nasdaq OMX.