The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has appointed Steve Matthews as Chief Legal & Compliance Officer of its Pan-European Market initiative, a high-volume trading platform which will link multiple trading pools across Europe. Mr. Matthews will oversee all legal and compliance work, as well as surveillance functions for the Pan-European Market. NASDAQ OMX announced its Pan-European Market in March and plans to launch in September, pending FSA approval.
"Steve's legal and regulatory knowledge, his experience with major investment banks in London and work with regulatory agencies, including the FSA, brings a valuable set of skills and experience to our Pan-European Market," commented Chris Concannon, Executive Vice President, Transaction Services, NASDAQ OMX.
Matthews joins NASDAQ OMX from Credit Suisse in London, where he was a senior Compliance Officer. Previously, Matthews was a Compliance Officer at Citigroup where he was co-head of the Core Control Group team in London. He spent nearly four years at the UK Financial Services Authority, advised the UK Treasury on the Market Abuse Directive and was the UK representative on a CESR expert group. Matthews is a lawyer by education and was called to the English Bar in 1999.
The NASDAQ OMX Pan-European Market will enable best execution in high volume securities trading in a cross-border, multi-market environment. The market, which will be the first platform to connect European liquidity pools with Pan-European routing, is scheduled to open in September 2008. At launch it will trade approximately 300 of the most actively traded European blue chip shares. The NASDAQ OMX trading platform is recognized as the fastest in the industry with peak trading speeds of 250 microseconds. The launch of the NASDAQ OMX Pan-European Market is subject to FSA approval. -- www.nasdaq.com
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