Exchange group Nasdaq OMX has hired Eric Noll as executive vice president of transaction services, replacing Chris Concannon, who departed for proprietary trading firm Virtu Financial in April.
Noll, who starts his new role on 13 July, will oversee the trading operations of all Nasdaq OMX’s US transaction services businesses. These include the Nasdaq Stock Market, Nasdaq OMX BX (formerly the Boston Stock Exchange), Nasdaq OMX PHLX (formerly the Philadelphia Stock Exchange), the Nasdaq Options Market, the Nasdaq OMX Futures Exchange and certain strategic investments, which include the International Derivatives Clearing Group. He will also be responsible for the group’s European multilateral trading facility, Nasdaq OMX Europe. Noll will report to Nasdaq OMX’s CEO Bob Greifeld.
Noll joins Nasdaq OMX from proprietary trading firm Susquehanna International Group (SIG), where he served as managing director of the broker-dealer operation, Susquehanna Financial Group, and associate director and global head of strategic relationships for SIG itself since 1994.
While there, Noll oversaw SIG’s exchange relationships, created the investment banking department, developed an institutional equity research departments and was responsible for all options and equity order flows for the market-making operation.
Before joining SIG, Noll held positions at the Philadelphia Stock Exchange and the Chicago Board Options Exchange.
“Eric has an impressive background in the securities industry, with experience across multiple asset classes and expertise in developing a number of strategic businesses around the world for a leading global
organisation,” said Greifeld in a statement. “In addition, Eric’s experience on the customer side supports our customer-focused strategy.”