In 2009, he served as a panelist in the U.S. Securities and Exchange Commission's Securities Lending and Short Sale Roundtable. He currently serves on the CFTC Global Markets Advisory Committee. 
In 1985 he began trading as a member of the CBOE and over the years held memberships at the CBOT and the CME. In 1991 he assumed the title of vice president of U.S. floor trading operations for Timber Hill and was instrumental in the spread of electronic tools for traders on the various exchange floor. In 1995, Downey turned his attention to the development of Interactive Brokers (IB) where he served as executive vice president.
Downey is a 1982 graduate of Boston College where he earned bachelor of arts degrees in Economics and Political Science.
JLN News Feed
Traders exit complex oil options as Cushing supplies tighten; Can Direct CCP Clearing Address Concentration Challenges?
Delisting of Securities of iPic Entertainment Inc., Ultra Petroleum Corp., and Warrant of Repay Holdings Corporation from The Nasdaq Stock Market
Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date July 31, 2019
Confidence in the ag economy soars; producers confirm large prevented plantings of corn and soybeans
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