USA based trade organisation FIA – The Futures Industry Association which is made up of futures commission merchants recently made an announcement stating that it has hired Don Byron to serve as the Head of its Global Industry Operations and Execution department. FIA primary deals with Futures & Options and Derivative assets providing a centralized clearance service. In his new role as head of the business unit, Byron is in-charge of developing and implementing industry solutions pertaining to clearance operations, execution technology, cyber security and market structure issues. He is expected to serve from the firm’s Chicago office and will be responsible for serving as principal liaison for all departments and business units which handle or represent the above mentioned issues.
Speaking about the firm’s decision to appoint Don Byron as Head of Operations and Execution Unit, Walt Lukken, Chief Executive Officer and President of FIA commented, “We are thrilled to welcome Don to this senior position managing our global operational and technology work. We are fortunate that such an experienced manager with deep industry knowledge will be joining us”. Byron is an industry veteran with more than two decades of experience during which he has gained vast experience from serving in diversified roles ranging from product management and business process analysis to trading, system analysis and trading desks. From his 25 year long career history, he has gained vast knowledge and experience in dealing with wide range of asset classes such as OTC, Fixed Income and Cash Equity Markets. He started his career as Futures Trader at Chicago based financial service provider ING Bearings where he served for three years.
He then served as Asst. Trading Desk Manager for Spike Trading and as Business Analyst for Ramsey Financials. As he moved on to various financial service providers he slowly continued to grow in ranks, serving as Senior Business Analyst for Northern Trust, Systems Analyst at Alpha Metrix Investment Advisors and back again at Northern Trust in capacity of Senior Consultant. He then went on to serve as Vice President of Agency Derivatives Clearing Product Management for Barclays Capital from their New York Office and as Product Manager for Derivatives at Fidessa before joining his current role at FIA. Aside from his Tenure at Barclays Capital in their NY office he spent entirety of career in firms based out of Greater Chicago area. FIA was recently in the news for its move to call for changes in reporting structure for derivatives under EMIR as current framework is causing many issues for reporting firm in today’s market.
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