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Nasdaq hires ex-Chi-X Global CEO as North American equities head

Published 2016-03-28, 03:14 p/m
© Reuters. Nasdaq hires ex-Chi-X Global CEO as North American equities head
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NEW YORK, March 28 (Reuters) - Transatlantic exchange
operator Nasdaq Inc NDAQ.O said on Monday it appointed Tal
Cohen, the former head of Chi-X Global, to run its North
American equities business.
Nasdaq bought the Canadian operations of stock market
operator Chi-X Global last month for an undisclosed amount from
Nomura Holdings Inc 8604.T and other banks. J.C. Flowers & Co.
said in January it agreed to buy Chi-X Global's Australian and
Japanese stock trading platforms.
Cohen, who was a managing director at Instinet LLC before
becoming chief executive of Chi-X Global, will report to Tom
Wittman, Nasdaq's global head of equities, starting April 12.
Walt Smith, who currently leads Nasdaq's North American
equities business, will transition to a new role as head of
Nasdaq's Global Access Services business, which includes
exchange connectivity and post-trade services.
Nasdaq said it would rename the Chi-X Canada stock trading
platforms, which compete with the TMX Group's X.TO Toronto
Stock Exchange, Nasdaq CX and Nasdaq CX2.
Dan Kessous, former head of Chi-X Canada, will head up
Nasdaq's Canadian equities business.
Nasdaq run's the No. 3 U.S. stock exchange by volume. The
New York-based company also agreed this month to buy U.S.
options exchange operator International Securities Exchange from
Deutsche Boerse (DE:DB1Gn) for $1.1 billion, which would make it the
largest U.S. options exchange operator once the deal closes.

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