Nasdaq announced it has appointed John Shay as global head of fixed income and commodities.
Shay is moving from Virtu Financial, where he served as senior vice president for global markets.
He will lead Nasdaq’s global fixed income and commodities units within its trading and market services business, heading up US treasuries, global commodities and fixed income.
Shay will also take charge of the exchange’s clearing and broker services in the Nordic and Baltic markets, although he will be based in New York.
He will report to Nasdaq president Hans-Ole Jochumsen, who said Shay brings “a wealth of institutional knowledge, particularly in fixed income and clearing.”
Shay spent almost 25 years heading up various businesses at ICAP for fixed income and foreign exchange.
"A major focus for our global trading and market services business is to pursue opportunities across asset classes,” Jochumsen explained.
Shay will join Nasdaq on 11 October this year.
Read The Trade's recent interview with Hans-Ole Jochumsen here.