19 October 2017
Register now

CME taps Citadel exec to head new co-location programme

26 May 2010  |  7305 views  |  0 power leads

The Chicago Mercantile Exchange has hired Citadel executive Craig Mohan to spearhead a new co-location and data centre push aimed at the high frequency trading market.

In this newly created position, Mohan, 41, will be responsible for the strategic development, management and overall execution of the company's co-location and data centre hosting business, including sales, product development and client services.

Reporting to Julie Holzrichter, managing director, global operations, Mohan will oversee the construction off a new proprietary data centre in the Chicago suburbs that will be pitched to algorithmic trading firms.

The new centre will house all trade matching engines for all products traded on CME Globex and will be built to high environmental standards for maximum power cooling and energy efficiency gains, says Holzrichter.

"As we prepare to launch our co-location services in early 2012, he (Mohan) will play a key role in helping our customers realise more efficient operating costs than traditional co-location facilities, while maximising reliability and availability," she says.

At Citadel, Mohan served as director, global infrastructure where he had direct oversight over the company's data centre and co-location facilities. His background also includes technology and operations management positions with ShopperTrak RCT, Accenture and Blue Meteor.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nyse Euronext opens European liquidity data centre

Nyse Euronext opens European liquidity data centre

05 May 2010  |  8008 views  |  0 comments
BM&F Bovespa raises CME stake; plans new e-trading platform

BM&F Bovespa raises CME stake; plans new e-trading platform

12 February 2010  |  7160 views  |  0 comments
CME Group to take control of Dow Jones index business through JV

CME Group to take control of Dow Jones index business through JV

11 February 2010  |  4860 views  |  0 comments
CME Group launches CDS clearing

CME Group launches CDS clearing

16 December 2009  |  6233 views  |  0 comments
SEC sets sights on sponsored access and exchange co-location

SEC sets sights on sponsored access and exchange co-location

27 October 2009  |  8316 views  |  1 comments
CME and Citadel ditch CDS trading platform plan to focus on clearing

CME and Citadel ditch CDS trading platform plan to focus on clearing

21 September 2009  |  6096 views  |  0 comments
CME Group hires ex-LCH.Clearnet boss to lead European clearing

CME Group hires ex-LCH.Clearnet boss to lead European clearing

28 July 2009  |  6191 views  |  0 comments
CME Group chooses StreamBase CEP platform

CME Group chooses StreamBase CEP platform

23 June 2009  |  5891 views  |  0 comments
CME Group joins Linux Foundation

CME Group joins Linux Foundation

23 September 2008  |  4939 views  |  0 comments
ASX goes sub-millisecond with new co-location service

ASX goes sub-millisecond with new co-location service

04 July 2008  |  5840 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nl

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15842 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8969 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8075 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7157 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6299 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job