NASDAQ OMX has combined its transactions, clearing and settlement services in the U.S. and Europe into a newly formed group, Global Market Services.
Hans–Ole Jochumsen has been appointed to lead the newly combined global business, reporting directly to CEO Bob Greifeld. Previously, Jochumsen oversaw NASDAQ OMX’s Transaction Services Nordic business. In addition to his new role, he is also responsible for NASDAQ OMX Commodities.
NASDAQ OMX hopes the new group will lead to global growth in their cash and derivatives business within equities, as well as fixed income, currencies and commodities. Plus, the company expects to gain further customer focus, product development and technology synergies through the combined unit.
“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,” says CEO Greifeld. “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.”
“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,” says Jochumsen. “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.”
NASDAQ OMX Combines Transaction Business Into New Global Group
NASDAQ OMX has combined its transactions, clearing and settlement services in the U.S. and Europe into a newly formed group, Global Market Services.
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