Reuters logo
SEC names JPMorgan's Redfearn as director of trading, markets
October 18, 2017 / 8:47 PM / a month ago

SEC names JPMorgan's Redfearn as director of trading, markets

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday it had named JPMorgan Chase (JPM.N) executive Brett Redfearn as director of the agency’s trading and markets division.

Brett Redfearn, Head of Market Structure Strategy for the Americas at J.P. Morgan Securities Inc. speaks during the Investment Company Institute's (ICI's) Capital Markets Conference in New York, October 10, 2013. REUTERS/Carlo Allegri

The job is one of the last major positions new SEC Chairman Jay Clayton still had to fill. The unit oversees securities exchanges and markets, broker-dealers, clearing agencies, derivatives and the Financial Industry Regulatory Authority.

Redfearn had been serving as global head of market structure for JPMorgan’s corporate and investment bank. He started his career at the American Stock Exchange, where he ran business strategy and equity order flow. During his career, Redfearn has served on the boards of Bats Global Markets and the Chicago Stock Exchange, among others, the SEC said.

As head of trading and markets, Redfearn is expected to play a central role in potential tweaks to market structure rules such as exchange order types, tick sizes, and how exchanges are regulated, which were identified by the U.S. Treasury last month as areas that should be reviewed by the SEC.

Jamie Selway, head of execution services at agency brokerage Investment Technology Group (ITG) (ITG.N), had previously been the front-runner for the trading and markets role but he dropped out of the running in September.

Reporting by Eric Walsh and Michelle Price; Editing by Mohammad Zargham and Tom Brown

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below