Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nasdaq Promotes Wittman, Adding Role on Stock Exchanges

June 12 (Bloomberg) -- Nasdaq OMX Group Inc. promoted Thomas Wittman to oversee its three U.S. stock exchanges, adding to his existing role running the company’s options business.

Wittman, who joined Nasdaq after the company’s acquisition of the Philadelphia Stock Exchange in 2008, will report to Eric Noll, who heads Nasdaq’s transaction services in the U.S. and U.K., according to spokesman Robert Madden. Brad Vopni, previously the head of equity product management and strategy, left the company last week as part of the management change.

Chief Executive Officer Robert Greifeld is diversifying the business to offset a global decline in stock trading. In the past year, the exchange has bought eSpeed, an electronic platform for trading U.S. Treasury bonds, the shareholder-relations unit of Thomson Reuters Corp. and a 25 percent stake in TOM, a Dutch alternative trading system focused on options.

Nasdaq, based in New York, owns 10 equities markets around the world, including three in the U.S. It operates two U.S. options markets that represent 25 percent of the total volume, according to the company’s website.

Wittman previously worked at the Philadelphia Stock Exchange, where he helped transition the firm’s options business from a floor-based, specialist system to an electronic platform, according to his profile on Nasdaq’s website.

The Wall Street Journal reported the management changes earlier.

Shares of Nasdaq fell 2 percent to $31.34 at 4 p.m. in New York, trimming its gain for the year to 25 percent.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.

To contact the editor responsible for this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.