Cangiano joined Nasdaq’s former parent organization, the National Association of Security Dealers (NASD®), in May 1972 as an examiner in the New York District office. Early in his career, he held many positions within the NASD, but primarily in member regulation from supervisor of examiners to District Director. In 1984 he was appointed Corporate Secretary of the NASD and in 1986, he became responsible for all Nasdaq® market surveillance related activities.
He was named Senior Vice President of The Nasdaq Stock Market, Inc., in 1993, responsible for the development and deployment of highly sophisticated technology used by NASD Market Regulation to oversee trading in Nasdaq. This includes systems such as SWAT, RADAR, and ADS (Advanced Detection System). He was the senior officer responsible for the development of the Order Audit Trail SystemSM (OATSSM) that was successfully implemented throughout the industry and forms the cornerstone of Nasdaq's audit trail system.
"Jim brings substantial leadership and expertise in developing and administering programs, budgets, and technology in the area of market regulation," said Richard Ketchum, president of Nasdaq. "As an internationally recognized expert in this field, we believe he is the right person to fill this extremely important role, especially as Nasdaq and the NASD evolve as two separate organizations."
A graduate of St Francis College, New York, Cangiano now resides in Frederick, Maryland.
The Nasdaq Stock Market lists nearly 4,700 companies, trades more shares per day than any other U.S. market, and has a larger dollar volume of trades than the next three largest markets in the world combined. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
