Carl Carrie Leaves JP Morgan to Pursue Next Venture

Carl Carrie, JP Morgan's executive director and global head of algorithmic trading products, has left the bank to pursue a new opportunity and is considering different asset classes.

In an email confirming his departure, Carrie was not ready to reveal his plans, but he indicated he was eyeing the fixed-income, credit and commodity markets for his next chapter.

"Yes, I love equities but I think the biggest transformation in the market over the next couple of years will be in the OTC fixed income, credit and commodity markets that are both begging for more liquidity and transparency and are ripe for a major transformation. I want to be there at the genesis of that transformation," stated Carrie in the email. Carrie said that technology would be at the core of his next endeavor, whether it's on the trading or technology side. "Either way, it's in my DNA," he wrote.

Carrie worked for JP Morgan for seven years in equity trading during the rise of algorithms. "I really enjoyed my time at JP Morgan and am grateful for the opportunities and the relationships the firm provided for me while I was there," wrote Carrie in the email.

He was also active as either a board member or representative in JP Morgan's many investments in electronic trading venues, including BATS Trading, Boston Options Exchange, International Stock Exchange, TradeWeb and Neovest.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio