Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes

67%

No

0%

Should have had a pilot program a long time ago.

33%

Free Site Registration

January 17, 2013

Boyle is Back, at BOX

By Peter Chapman

Ed Boyle has returned to the exchange business. The well-known options industry executive has joined the Boston Options Exchange as a senior vice president of business development and strategy, according to a company announcement. The move marks a return to the exchange business for Boyle, who spent about three years running two options exchanges owned by NYSE Euronext.

Boyle left NYSE Euronext at the end of 2010 to join broker-dealer Global Electronic Trading Company, aka GETCO, with responsibility for the market maker's exchange relationships. He left GETCO this summer during a workforce reduction at the firm.

Boyle has spent 20 years in the options industry and has a number of brothers who also work in the industry. He worked for NYSE between 2007 and 2010. Before that, he spent five years at TD Securities, according to documents on file with the Financial Industry Regulatory Authority.

At BOX, which operates one of the smallest options exchanges, Boyle will report to chief executive Tony McCormick and work with Patty Kevin-Schuler, a vice president in charge of sales and marketing, according to the company statement.

In the statement, Boyle described himself as an "innovator" who plans to "lead with creative strategies."


(c) 2013 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/