Thomas A. Wittman
Thomas (Tom) A. Wittman is Executive Vice President of Nasdaq and Global Head of Equities, a division of the company’s Global Trading & Market Services business. Based in Philadelphia, Mr. Wittman oversees the global cash equities and equity derivatives businesses. Specifically, Mr. Wittman is responsible for the management and strategy of Nasdaq’s three U.S. equities markets, three U.S. options markets, the equity and equity derivatives trading in Copenhagen, Helsinki and Stockholm as well as Nasdaq’s investment in TOM. The TOM MTF is a Multilateral Trading Facility located in Amsterdam, The Netherlands. TOM MTF offers trading in shares, derivatives and ETFs. Mr. Wittman also serves as CEO and President of The Nasdaq Stock Market (Nasdaq), Nasdaq PHLX LLC (PHLX) and Nasdaq BX Inc (BX).
Mr. Wittman was recently Senior Vice President, Head of U.S. Equities and Derivatives and President of PHLX. In this role, he was responsible for the management and operations of Nasdaq’s U.S. equities and options markets, and the de novo futures business. Formerly Vice President of U.S. Options, Mr. Wittman led the team in transitioning the PHLX platform from an open outcry, floor-based specialist system to an electronic, hybrid system. He also drove the development of the Nasdaq Options Market (NOM) and the launch of Nasdaq BX Options (BX Options). With these advancements, the group was able to attract new liquidity and order flow providers, resulting in Nasdaq’s leading position in U.S. equity options market share since 2010.
Mr. Wittman began his exchange career in 1987 as a software developer for The Philadelphia Stock Exchange (currently known as PHLX). During his career at The Philadelphia Stock Exchange, he oversaw the software development division that was the backbone of the equity trading business, listed options business, PBOT futures business and the supporting surveillance and back office systems. He was instrumental in guiding The Philadelphia Stock Exchange into the electronic age of exchange trading. Mr. Wittman joined Nasdaq in 2008 after Nasdaq acquired The Philadelphia Stock Exchange.