Cboe Hires Adam Inzirillo to Head Equities Trading Division

Exchange operator Cboe Global Markets announced a new addition to its equities division's personnel this Thursday.

The Chicago-based firm confirmed that Adam Inzirillo has joined the company as senior vice president and head of US equities. Inzirillo will be working from the group's New York office.

In a statement, Cboe said that the new executive would be responsible for overseeing product development and growing the company's equities trading business.

“I have been a customer and trusted partner of Cboe’s equities business for many years," said Inzirillo. "With its product innovation, cutting-edge technology, and seamless trading solutions, I believe Cboe is uniquely positioned to provide long-term industry leadership and transform the U.S. equity markets.

“I look forward to supporting the team’s continued success, and evolving Cboe’s equity trading platforms to benefit all market participants.”

Experienced hands

Cboe's newest employee has an array of experience in the financial markets.

Prior to making the move to Cboe, Inzirillo was head of order routing and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term products at Bank of America Merrill Lynch (BAML) for almost a decade.

Before moving to BAML, he was a managing director and head of broker dealer business development with Swiss banking firm UBS Securities.

Inzirillo also held senior roles at Knight Capital Group and SG Cowen.

“Adam has a long and proven track record in building successful equities trading businesses," said Bryan Harkins, EVP, co-head of markets division at Cboe. "He is passionate about our markets and can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term his extensive industry relationships in support of our strategic growth efforts.

“We’re thrilled to have him on board, and are confident that he’ll help to enhance Cboe’s competitive positioning and extend our leadership as a top U.S. securities exchange operator.”