BGC Taps Cawley as SEF Chief
The former founder of Javelin turns up at BGC.
As CEO of BGC Derivative Markets, Mr. Cawley will assume responsibility for all aspects of BGC's SEF, including spearheading its growth, business development, regulatory compliance and policy implementation. Meanwhile, Angelo Toglia, Interim CEO of BGC Derivative Markets, will assume the role of COO.
Mr. Cawley joins BGC after 20 years of derivatives sales and trading experience. He was previously CEO at Javelin Capital Markets, which he founded in 2009; he also co-founded IDX Capital, a boutique credit derivative inter-dealer broker, and began his career in the credit and derivatives markets working for Salomon Brothers, Lehman Brothers and Bank of America. He is a graduate of University of Pennsylvania.
"In the year since BGC's SEF began operating, our premier hybrid and fully-electronic trading technology has continued to expand and improve to meet the growing needs of our clients," Norton says. "James Cawley brings valued industry experience and breadth of knowledge on derivatives trading and we are pleased to welcome him to BGC to lead the company's SEF."
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