On The Move: truePTS Names Zohar Hod its New CEO

The former ICE executive will focus on "innovative" post-trade solutions for the derivatives processing company.

Former ICE Data Services executive Zohar Hod has been named CEO of derivatives processing company, truePTS. In his previous position he was most recently Global Head of Technology and Data Sales at ICE Data Services. He also served in senior positions with IBM, BearingPoint and SuperDerivatives.

It was an easy decision to take on this role when I looked at how pressing the need is for innovative post-trade solutions yet how poorly the industry has historically been served. truePTS is responding to the clear demand for a more technologically advanced and competitive derivatives processing solution, said Hod.

They hired him? They promoted her? Check out the new hires for the month of May 2016.

Hod will also be tasked at looking at issues around inflexible technologies and the high costs of legacy post-trade processing industry utilities.

In the five months since the formation of the firm (January to May 2016), volumes have more than tripled to $3.2 trillion – or a monthly average of $638 billion – versus the same period in 2015, when the business was part of trueEX, the derivatives trading business.