BGC Partners has appointed James Cawley as chief executive officer of its swap execution facility (SEF) subsidiary BGC Derivative Markets.
Cawley, who will assume responsibility for all aspects of BGC’s SEF, including spearheading its growth, business development, regulatory compliance and policy implementation, will be based in New York and report to Philip Norton, global head of e-commerce at BGC.
The firm said the appointment complements BGC’s commitment to offer its customer base a liquid and innovative trade execution capability combined with a broad range of pre- and post-trade services in the post-Dodd-Frank era. Cawley joins BGC Derivative Markets with twenty years of derivatives sales and trading experience. He previously held the same position at Javelin Capital Markets, which he founded in 2009.
Prior to Javelin, Cawley was CEO and co-founder of IDX Capital, a boutique credit derivatives inter-dealer broker.
Cawley began his career in the credit and derivatives markets working for Salomon Brothers, Lehman Brothers and Bank of America.
Additionally, BGC Partners said that Angelo Toglia, interim CEO of BGC Derivative Markets will assume the role of chief operating officer.
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