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MIAX Futures Exchange welcomes former CFTC chair Mark Wetjen as new CEO

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Wed, 29 Jan 2020, 09:28 am UTC

Miami International Holdings (MIH), the parent holding company of the MIAX Options, MIAX PEARL and MIAX Emerald options exchanges (the MIAX Exchange Group), announced the appointment of Mark Wetjen as the new CEO of its wholly-owned subsidiary Miami International Futures Exchange.

Wetjen, an industry veteran with more than 15 years of financial and regulatory experience, will also serve as MIH's Executive Vice President, Futures and Innovative Products of MIH and Executive Regulatory Liaison Officer.

According to a press release, Wetjen will play an important role in the company’s future business projects as MIAX Exchange Group expands from electronic trading of options into cash equities, futures and innovative products, including digital securities and crypto assets and derivatives.

“We are very pleased to welcome such an experienced industry veteran to our executive team,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “Mark is a proven leader and his extensive background will be invaluable to MIH as we seek to establish our presence in the U.S. futures market and expand our product offerings.”

Wetjen has served as a Commissioner and acting Chairman of the Commodity Futures Trading Commission (CFTC). His portfolio also includes a managing director position of the Depository Trust and Clearing Corporation where he successfully led the company’s global policy advocacy. He also chaired the Deriv/SERV’s board of directors.

“MIAX has a demonstrated commitment to offering disruptive investment products and providing the marketplace with choice and innovation,” said Wetjen. “I’m eager to join this team to help them continue to expand their offerings to better serve their clients and advance the industry.”

Meanwhile, cryptocurrency exchange and custodian Gemini also appointed Blair Halliday as its new chief compliance officer for the U.K. and Europe.

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