Miami Exchange Names Citadel Securities’ Kane Head of Futures
- He will be CEO of newly formed MIAX Futures, president of MGEX
- Firm owns and operates equities, options, futures exchanges
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Exchange operator Miami International Holdings Inc. named former Citadel Securities executive Troy Kane president of its Minneapolis Grain Exchange and chief executive officer of the firm’s futures business.
The company — which also owns Miami International Securities Exchange, or MIAX — said Kane will be responsible for day-to-day operations of MGEX, an agricultural futures exchange, and will become CEO of the newly formed MIAX Futures business. He will take over leadership of MGEX from Mark Bagan, who will continue as CEO of the business during a transition period and then become executive vice chairman of MGEX’s board, according to a statement Tuesday.