Nasdaq transaction services lead Eric Noll has quit the US exchange to join capital markets brokerage and tech house ConvergEx Group as president.
Noll's move to ConvergEx is effective immediately. He will take on the additional position of chief executive officer at year-end, succeeding current CEO, Joseph M. Velli, who will continue to serve on the ConvergEx Group board.
As EVP, transaction services at Nasdaq OMX, Noll was responsible for all US/UK equity, options and futures exchanges - including Nasdaq, NOM, PHLX, PSX, BX, BX Options, NFX and NLX. At Nasdaq, Noll launched Nasdaq Liquidity Exchange (NLX) in London in May of 2013 to compete with Liffe and Eurex in European rate futures and led the re-platforming of the market's futures exchange. He was also responsible for Espeed and the Nasdaq fixed income business as well as all access services revenue lines, including co-location, ports, memberships, cross-connects, microwave offering, pre-trade risk management, the Trade-Reporting Facility (TRF), FTEN and FinQloud.
Noll says of his appointment: "ConvergEx is a strong company with a bright future...One of my top priorities will be to demonstrate to our customers that we are a company that stands for strong values, transparency and, above all, putting customers' interests first."
Nasdaq OMX says it will assess internal and external candidates for Noll's replacement, and plans to fill the position near the end of the first quarter 2014.