Executive Changes at Nasdaq OMX

Bryan Hyndman is leaving his post as SVP Transaction Services U.S. to assume run sales for Global Data Products, while David LaValle was hired to run Nasdaq OMX's ETF business.

Nasdaq OMX’s Bryan Hyndman will leave his post as SVP of Transaction Services U.S. to assume the role of SVP of Global Data Products. Hyndman will make the change as of April 15th, according to today’s announcement.

In addition, David LaValle was named VP of Transaction Services U.S. in a newly created position overseeing Nasdaq OMX’s exchange traded funds (ETF) business.

Hyndman will be charged with leading Nasdaq OMX’s global data efforts from both the sales and product development side. He will report to Hans-Ole Jochumsen, EVP of Nasdaq OMX Transaction Services Nordics and Global Data Products. Hyndman will focus on both international and domestic data constituents.

“For the past seven years, Hyndman has done a phenomenal job running the sales team for the U.S. Transaction Services business while launching successful and innovative products such as our Opening and Closing Crosses and new trading platforms like NASDAQ OMX BX and NASDAQ OMX PSX,” stated Eric Noll, EVP of Transaction Services U.S. and U.K. at NASDAQ OMX.”

“Brian was instrumental in these efforts which have contributed to a new market structure and a more competitive U.S. trading landscape," further commented Noll in the release. "The transition to run the Global Data Products sales team is a natural fit for Brian and I am certain customers will benefit from his business experience and hands-on customer focus."

The U.S. Transaction Services sales team will report to Noll until the SVP role is filled.

LaValle’s role will be to oversee the ETF trading business, focusing on furthering the listing of ETFs while working with the market making community along with many strategic constituents that interface with exchanged traded funds, according to the release. LaValle will work across different Nasdaq OMX business lines including the Nasdaq OMX indexing, listing, capital markets and trading businesses. LaValle reports to Noll.

In the same release, Noll said that LaValle brings over 11 years of capital markets experience in national exchange and broker dealer environments. Most recently, LaValle was managing partner at Kellogg Group, overseeing the firms’ NYSE Amex Equity Unit in addition to filling various operational roles. “And we are certain he will be instrumental in growing and managing all aspects of the ETF trading business for Nasdaq OMX,” Noll added.

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