Gerald D. Putnam

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Gerald D. Putnam
Location Chicago

Gerald Putnam is a 30-year financial services industry veteran who was chairman and CEO of TruMarx Data Partners, a web-based execution platform for individual bi-lateral OTC transactions, from 2011 to 2012. He was named to the post in February 2011, succeeding Jon Olson, TruMarx's founding CEO.[1]

He is also a former president of the New York Stock Exchange.[2] Putnam was selected as one of Time Magazine's Outstanding Innovators in 2000. He also started the Chicago firm Archipelago, which created one of a new class of trading systems known as electronic communications networks (ECNs).[3] He is a member of the Entrepreneurship Hall of Fame sponsored by the University of Illinois at Chicago.


In addition to the other businesses he built, Putnam founded Terra Nova, an on-line broker-dealer, and held positions at several financial firms.[4]

In November of 2009, Putnam, along with two other people, was ordered to pay $11 million to Lewis Borsellino, a former Chicago Mercantile Exchange trader who accused them of fraud when they bought him out of a partnership that created a now-defunct electronic trading firm, Chicago Trading & Arbitrage (CTA).[5] However, the decision was reversed in 2011 because, according to the ruling, Borsellino agreed in a 1998 settlement to drop future claims against Putnam and the other defendants, Chicago Trading & Arbitrage co-founders MarrGwen and Stuart Townsend.[6]


He received a Bachelor of Science degree in Economics with a major in Accounting from the Wharton School, University of Pennsylvania in 1981.[7]


  1. TruMarx Names Jerry Putnam Chairman and Chief Executive Officer. Press Release.
  2. Gerald Putnam. BusinessWeek.
  3. Quicker On The Draw In A Wall Street Showdown.
  4. Press Release. Security Software Zone.
  5. Ex-NYSE President Putnam Found Guilty Of Fraud. Reuters.
  6. Appeals court reverses $11-mil. verdict for trader Borsellino vs. NYSE ex-chief Putnam. Crain's Chicago Business.
  7. Gerald D. Putnam profile. Bloomberg.