The Nasdaq OMX Group, Inc. today announced that Thomas A. Wittman has been appointed Executive Vice President, Global Head of Equities, reporting directly to Hans-Ole Jochumsen, President, Global Trading & Market Services, Nasdaq OMX.
Mr. Wittman will oversee the global cash equities and equity derivatives businesses. The appointment follows the recent announcement of Hans-Ole Jochumsen's elevation to President, Global Trading & Market Services at NASDAQ OMX.
"Tom has been instrumental in shaping the strategy and focus that have allowed us to maintain our strong market share position in U.S. cash equities and grow our U.S. equity derivatives markets to the leading position," said Hans-Ole Jochumsen, President, Global Trading & Market Services, NASDAQ OMX." With Tom now taking on this global responsibility, we have the best possible leadership to integrate all our cash equities and equity derivatives businesses, providing more trading opportunities to our customers."
Thomas A. Wittman was recently Senior Vice President, Head of U.S. Equities and Derivatives and President of NASDAQ OMX PHLX. He was responsible for the management and operations of NASDAQ OMX's three U.S. equities markets, three U.S. options markets, and the futures market. Formerly Vice President of U.S. Options, Mr. Wittman led the team in transitioning the NASDAQ OMX PHLX (PHLX) platform from an open outcry, floor-based specialist system to an electronic, hybrid system. He also drove the development of the NASDAQ Options Market (NOM) and the launch of NASDAQ OMX BX Options (BX Options). With these advancements, the exchange was able to attract new liquidity and order flow providers, resulting in NASDAQ OMX taking the number one position in U.S. equity options market share. Through the acquisition of PHLX, formerly The Philadelphia Stock Exchange, Mr. Wittman joined NASDAQ OMX in 2008. In this capacity, Mr. Wittman supported the electronic equity trading business, equity options business, PBOT futures business and the supporting surveillance and back office systems.