Tim McDermott

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Tim McDermott
Tim McDermott.jpg
Occupation CEO
Employer Nadex
Location Chicago
Website www.nadex.com

Tim McDermott is the CEO of Nadex. Previously, he was the general counsel and chief regulatory officer for Nadex, which he joined in 2008.[1]

He became CEO in May of 2014, succeeding Yossi Beinart, who left the firm to become CEO of the Tel Aviv Stock Exchange. McDermott remained general counsel until his replacement was named.

John Austin, an executive with Nadex parent IG Group Holdings, acted as interim CEO until McDermott took over as CEO.[2]


McDermott joined Nadex in 2008 after spending four years as a director and compliance counsel at CME Group. Before that, he spent 13 years at the law firm of Gardner, Carton & Douglas, beginning as an associate in 1990. He became a partner in 1997, specializing in financial markets litigation.

Before his legal career, he worked as a financial analyst and passed the Illinois Certified Public Accounting examination.


  • JD, Loyola University School of Law[3]
  • BBA, Accounting, University of Notre Dame (1980 – 1984)[4]

MarketsWiki Education Videos


  1. Nadex Team. Nadex.
  2. Changes at Nadex and Futures Magazine. John Lothian News.
  3. Nadex Team. Nadex.
  4. Timothy McDermott. LinkedIn.