James Cawley

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James Cawley
Jamie Cawley.jpg
Occupation CEO
Employer BGC Derivative Markets
Location New York

James Cawley is the chief executive officer of BGC Derivative Markets, L.P., the swap execution facility of BGC Partners, Inc. He is based in New York and reports to Philip Norton, BGC's global head of eCommerce. He was appointed to that position on October 30, 2014.[1]

Cawley said BGC's goal was to build out the SEF but to focus immediately on the interest rate swaps business within the U.S.[2]

He was previously the CEO of swaps trading platform Javelin Capital Markets, which he founded. His primary focuses at the company was client relationships, strategy and policy. He is also the co-founder of the Swaps and Derivatives Market Association (SIDMA), a non-profit trade group engaged in reform for over-the-counter derivatives.

In May 2014, he said he would leave Javelin as CEO but continue to serve on the company's board and offer it strategic advice. His departure came less than three months after SEF trading became mandatory. Javelin was the first SEF to file its "made available to trade" (MAT) submission with the Commodity Futures Trading Commission, describing which benchmark contracts it wanted to offer trading in.[3] [4]

Background

Cawley joined Javelin in October 2010. Prior to that, he was CEO of interdealer broker IDX Capital beginning in September 2005. Cawley was the vice president of the Emerging Markets Trading Group at Bank of America and before that, the vice president of investment grade trading at Lehman Brothers.

He began his career in fixed income sales at Salomon Brothers in Frankfurt, Germany. Cawley rode his motorcycle around the world in 1995 - a trip that took seven months.

Education

  • University of Pennsylvania (1987 – 1991)[5]

Additional biography provided by Vincent Tomasi of Javelin Capital Markets.

References

  1. James Cawley Joins BGC's SEF as Chief Executive Officer. Press Release via CNN Money.
  2. BGC Partners Hires James Cawley to Lead Swap-Trading Platform. Bloomberg.
  3. Javelin's CEO James Cawley Departs SEF. Wall St. & Technology.
  4. Cawley exit signals SEF struggles. International Financing Review.
  5. James Cawley. LinkedIn.