OneChicago, the all-electronic security futures exchange, yesterday announced that David G. Downey, a 23-year veteran of global securities and derivatives markets, has been named chief executive officer. He replaces Marty Doyle, who left the exchange in October.
“Security futures are an exciting product with growth opportunities beyond the triple-digit volume increases OneChicago has been experiencing,” Downey said. “I look forward to working with the OneChicago staff as well as with our joint venture partners as we strive to expand product distribution, strengthen liquidity, and broaden our customer base with increased market education of how security futures can meet a variety of portfolio management needs.”
Downey, 46, retired from Interactive Brokers Group as executive vice president of operations after 15 years with the technology-driven broker dealer. Downey has also been a trader at the Chicago Board Options Exchange and a member at both the Chicago Board of Trade and the Chicago Mercantile Exchange.
