Mark Wetjen has joined Miami International Holdings (MIH), the parent company of the MIAX Options, MIAX Pearl and MIAX Emerald exchanges, as executive vice president, futures and innovative products, and executive regulatory liaison officer.
He will also serve as the CEO of Miami International Futures Exchange, a wholly owned subsidiary of MIH.
“Wetjen will play a pivotal role in projects relating to the futures business as the MIAX Exchange Group expands from electronic trading of options into cash equities, futures and innovative products, including digital securities and crypto assets and derivatives,” says MIH in a release issued today.
Wetjen joins MIH from DTCC, where he had been working as managing director, head of global public policy and chairman of the board of Deriv/SERV since 2015. Prior to that, he served as a commissioner at the Commodity Futures Trading Commission (CFTC) for four years, including five months as acting chairman of the Commission. Wetjen has also worked as counsel and senior policy advisor to then US Senator, Harry Reid, whom he advised on Wall Street reform, banking, housing, communications, technology and legislation.
“We are very pleased to welcome such an experienced industry veteran to our executive team,” says Thomas Gallagher, chairman and CEO of MIH. “Mark is a proven leader and his extensive background will be invaluable to MIH as we seek to establish our presence in the US futures market and expand our product offerings.”
Wetjen comments: “MIAX has demonstrated commitment to offering disruptive investment products and providing the marketplace with choice and innovation. I’m eager to join this team to help them continue to expand their offerings to better serve their clients and advance the industry.”