User:JohnCShay/sandbox

John Shay re-joined Virtu Financial in 2018 as Special Advisor to the CEO. His responsibilities include oversight of the Global Fixed Income Currencies Commodities and Crypto (“FICCC”) businesses. He is also the President of the FXPA. From September 2016 through August of 2017 Shay was SVP at NASDAQ. In this role, Shay was responsible for leading the global commodities and fixed-income areas within NASDAQ’s global trading and market services (“GTMS”) business. This included U.S. Treasuries, global commodities, and in the Nordic and Baltic markets, he was responsible for fixed income, clearing, and broker services activities. During this time and until May of 2018 Shay served as a board member of both LCH Limited and LCH Group.

From 2012 to 2016 Shay served as Senior Vice President for Global Markets at Virtu Financial, where he was responsible for managing outside venue, vendor and trading relationships, focused on fixed income, commodities, and currencies.

Shay was formerly a member of the Treasury Borrowing Advisory Committee (TBAC), TPMG, Advisor to the FED and Bank of England and testified before the US Congress on Market Structure items.

In 2007, Shay founded and served as Chief Marketing Officer of IDCG. He oversaw all sales efforts, including managing all buy-side, sell-side and clearing member relationships. IDCG was sold to LCH in August of 2012.

Shay also founded and served as Managing Partner at Capital Market Services Inc., a wholly-owned clearing and execution services business designed to improve market access for algorithmic strategy hedge funds and non - banks in the over-the-counter and exchange-traded space.

In 1982 Shay began his 25-year career at ICAP, where he served as Executive Vice President and Global Head of Sales for ICAP Electronic Broking (IEB) for Fixed Income and Foreign Exchange from 2003 to 2007. Prior to 2003, he helped develop strategic partnerships in China, Hong Kong, Japan, South America and the European Union, and was instrumental in growing the company’s market share in U.S. Treasuries, Mortgage Backed Products, and Repo.

Shay earned an M.B.A. from Columbia Business School, Columbia University and a B.B.A. from Pace University’s Lubin School of Business graduating magna cum laude.