Nasdaq nabs Chi-X chief 29 March 2016New York Reporter: Stephanie Palmer
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Nasdaq has appointed Tal Cohen, ex-CEO of Chi-X Global to run its North American equities business.
The appointment comes after Nasdaq completed its acquisition of Chi-X Canada in February.
Cohen takes over from Walt Smith, who will move in to a business development position and will be leading the Nasdaq business that provides exchange connectivity, trade reporting and post-trade applications, with a particular focus on pricing, products and strategy.
Smith joined Nasdaq with the acquisition of the Philadelphia Stock Exchange in 2008, and has worked in equities and options for over 10 years.
Cohen joined Chi-X Global as CEO of Chi-X Americas in July 2009, and became CEO of Chi-X Global in September 2010.
He has also served as board director at the Canadian Depository of Securities Limited and a board director at the Investment Industry Regulatory Organization of Canada.
Both Smith and Cohen will report to Tom Wittman, Nasdaq’s executive vice president and global head of equities.
At the time the acquisition was announced, Cohen said: “Nasdaq and Chi-X Canada have both demonstrated their commitment to market innovation and efficiency.”
He added: “We believe Nasdaq is well positioned to enhance Chi-X Canada’s current capabilities and to capitalise on new product and asset class opportunities.”
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