TMX Group Adds Jay Rajarathinam as its CIO

TMX Group Limited, a comprehensive operator of equities, fixed income, derivatives, and energy markets exchanges, has appointed Jay Rajarathinam as its newest Chief Information Officer (CIO) with immediate effect, per a company statement.

The appointment is the second at TMX in less than a month, following the addition of John McKenzie as Chief Financial Officer (CFO). In his new role as the CIO at TMX, Mr. Rajarathinam will be reporting to Jean Desgagné, the group’s President and CEO, Global Enterprise Services.

In this capacity he will be tasked with the overall development 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 of the TMX’s technology vision and strategy, whilst focusing on TMX’s IT client delivery and technology assets – two areas of proficiency for Mr. Rajarathinam. Mr. Rajarathinam steps into the role after nearly two decades in the financial services and technology realm, having managed and worked with a multitude of global teams.

He joins TMX Group NYSE/Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, having worked as its Senior Vice President (VP), Global Head of Infrastructure. Additional roles also include senior positions at Barclays and Wells Fargo, part of a lengthy career in the banking space, according to information made public on his Linkedin profile.

According to Mr. Desgagné in a recent statement on the appointment: "We are very proud to welcome Jay Rajarathinam as the new leader of TMX Group's technology team. Jay brings both deep exchange technology expertise and direct industry experience to the role, and I look forward to collaborating with him to determine the next key steps as we continue to transform our company into a technology provider that puts clients first."