Virtu Names ICAP’s Nixon to Board

Virtu Financial, the high-frequency trading firm which just went public, has named John Nixon to its board of directors

Nixon, a 17 year veteran, spent his entire career at ICAP. He was most recently head of the UK-based broker’s U.S. business and left earlier this spring.

According to the Financial Times, which first reported his appointment, Nixon had overseen ICAP’s fixed income electronic broking business in the US, which covered some of the group’s most important revenue-generating desks. His period in charge included the creation of ICAP’s electronic over-the-counter interest rate derivatives platform, called iSwap, as well as its new swap execution facility, the new electronic marketplaces mandated by US regulators as they seek to strengthen global OTC markets.