Nasdaq Names Finzi New Head of Transaction Services

Finzi fills Hyndman's former position

Nasdaq OMX Group hired an industry veteran to run the equities group of the exchange operator’s transactions services division. The position had been vacant since April when Brian Hyndman took on a new role in the data division.

Michel Finzi was appointed senior vice president and will join Nasdaq later this summer. He reports to Eric Noll, executive vice president of Nasdaq’s transaction services business in the U.S. and U.K.

Finzi is charged with the strategic direction, sales efforts and market operations for Nasdaq’s three U.S. equity exchanges as well as the sales efforts for the exchange group’s two U.S. options exchanges. He will also operate and manage Nasdaq’s access services data center ports and membership, co-location offerings and the FINRA/Nasdaq Trade Reporting Facility.

According to Noll, Finza has "23 years of experience in global brokerage, trading technologies and electronic trading." Finzi joins Nasdaq from ConvergEx RealTick, where he spent more than four years serving as global head of business development and as a member of the senior management team. He started his career in 1988 at Instinet where he had numerous senior management roles in the U.S. and in Europe until 2003.

Finzi replaces Hyndman as SVP in for equities transaction services. Hyndman became the SVP for global data products in April.