R.J. O'Brien

November 15, 2016 09:00 AM
Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

Effective immediately, he will operate out of RJO’s New York office and travel regularly to the UK to further expand the firm’s sales capabilities in the two key financial centers.

RJO Chairman and Chief Executive Officer Gerald Corcoran said in a statement, “Dan is highly respected in the industry, and he has a great track record of building enduring client relationships and recruiting talented, experienced salespeople.”

Prior to joining RJO, Staniford spent 13 years at Citigroup Global Markets, serving most recently as managing director, rates sales.

Intercontinental Exchange

Thomas Hammond will retire as president of ICE Clear U.S. on Jan. 1, 2017. Hammond, who will be replaced by Intercontinental Exchange COO Hester Serafini, joined ICE Clear U.S. as president in August 2007, where he oversaw all technology, operations and financial functions at the clearing house.

Previously he was a managing director with Chicago Board of Trade and COO of the Board of Trade Clearing Corp. 
ICE also promoted Mayur Kapani to CTO.

Baltic Exchange

The Singapore Exchange announced that the shareholders of The Baltic Exchange Limited have approved the acquisition of the Baltic Exchange. Implementation of the acquisition remains subject to the satisfaction of certain conditions that include the High Court making an order sanctioning the acquisition at a Court hearing and the Financial Conduct Authority’s approval of the change of control of Baltic Exchange Derivatives Trading Limited, the regulated entity of the Baltic Exchange.

CME Group

CME Group Inc. reduced its stake in Brazil stock exchange and futures market operator BM&FBovespa SA from 4% to to 2.4%, the Brazilian exchange operator said in a statement.

CME sold a total of 28 million shares of BM&FBovespa SA for an undisclosed amount. 

Under the terms of the strategic agreement between the two companies, signed in 2008, CME Group will continue to appoint a member to the board of directors of BM&FBovespa as long as CME Group’s equity investment is at least 2% of the outstanding shares issued by the Brazilian company.

Blockchain Innovation Center

The Chamber of Digital Commerce and technology incubator 1776 have partnered to launch the DC Blockchain Center to serve as Washington, DC’s entrepreneurial resource for technology providers, government contractors and agencies investing and innovating in blockchain-based technologies. 

The DC Blockchain Center at 1776 is the first blockchain incubator in Washington, DC. It’s focused on helping regulators and government agencies, including state, federal and international, understand the potential benefits of blockchain technology and public sector use cases, and providing a forum for the public and private sectors to collaborate.

HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Guo Xiaoli as Chief Executive of the commodity-trading platform it is building in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Mainland China. It is a new position. The platform will offer spot trading with physical delivery.

Xiaoli has 28 years of trading and management expertise in Mainland and international commodities.  He has been general manager at the Zhengzhou Commodity Exchange.

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