Difference between revisions of "Gerald D. Putnam"

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Gerald Putnam is chairman and CEO of [[TruMarx Data Partners]], which runs a web-based execution platform for individual [[bi-lateral]] [[OTC]] transactions. He was named to the post in February 2011, succeeding [[Jon Olson]], TruMarx's founding CEO, who remained as president and chief revenue officer.<ref>{{cite web|url=http://www.trumarx.com/news-and-press/trumarx-names-jerry-putnam-chairman-and-chief-executive-officer|name=TruMarx Names Jerry Putnam Chairman and Chief Executive Officer|org=Press Release|date=September 19, 2011}}</ref>  
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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.<ref>{{cite web|url=http://www.trumarx.com/news-and-press/trumarx-names-jerry-putnam-chairman-and-chief-executive-officer|name=TruMarx Names Jerry Putnam Chairman and Chief Executive Officer|org=Press Release|date=September 19, 2011}}</ref>  
  
He is a former president of the [[New York Stock Exchange]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=643068&ric=NYX|name=Gerald Putnam|org=BusinessWeek|date=November 3, 2009}}</ref>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 system]]s known as [[electronic communications networks]] (ECNs).<ref>{{cite web|url=http://www.time.com/time/innovators/business/profile_putnam.html|name=Quicker On The Draw In A Wall Street Showdown|org=TIME.com|date=November 3, 2009}}</ref> He is a member of the [[Entrepreneurship Hall of Fame]] sponsored by the University of Illinois at Chicago.
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He is also a former president of the [[New York Stock Exchange]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=643068&ric=NYX|name=Gerald Putnam|org=BusinessWeek|date=November 3, 2009}}</ref> 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 system]]s known as [[electronic communications networks]] (ECNs).<ref>{{cite web|url=http://www.time.com/time/innovators/business/profile_putnam.html|name=Quicker On The Draw In A Wall Street Showdown|org=TIME.com|date=November 3, 2009}}</ref> He is a member of the [[Entrepreneurship Hall of Fame]] sponsored by the University of Illinois at Chicago.
  
 
== Background ==
 
== Background ==
 
In addition to the other businesses he built, Putnam founded [[Terra Nova]], an on-line [[broker-dealer]], and held positions at several financial firms.<ref>{{cite web|url=http://www.securitysoftwarezone.com/greenplum-board-of-directors-review1107-1.html|name=Press Release|org=Security Software Zone|date=November 4, 2009}}</ref>
 
In addition to the other businesses he built, Putnam founded [[Terra Nova]], an on-line [[broker-dealer]], and held positions at several financial firms.<ref>{{cite web|url=http://www.securitysoftwarezone.com/greenplum-board-of-directors-review1107-1.html|name=Press Release|org=Security Software Zone|date=November 4, 2009}}</ref>
  
In November of 2009, Putnam was found guilty of [[fraud]]. A jury said that Putnam cheated a former partner out of millions of [[dollar]]s in a [[business venture]] that was central to the migration of [[exchange]] [[trading]] from [[pit]]s to computer screens. Putnam and two others were 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).<ref>{{cite web|url=http://www.reuters.com/article/newsOne/idUSTRE5A25BN20091103|name=Ex-NYSE President Putnam Found Guilty Of Fraud|org=Reuters|date=November 3, 2009}}</ref>
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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).<ref>{{cite web|url=http://www.reuters.com/article/newsOne/idUSTRE5A25BN20091103|name=Ex-NYSE President Putnam Found Guilty Of Fraud|org=Reuters|date=November 3, 2009}}</ref>  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.<ref>{{cite web|url=https://www.chicagobusiness.com/article/20111202/NEWS04/111209947/appeals-court-reverses-11-mil-verdict-for-trader-borsellino-vs-nyse-ex-chief-putnam|name=Appeals court reverses $11-mil. verdict for trader Borsellino vs. NYSE ex-chief Putnam|org=Crain's Chicago Business|date=January 13, 2019}}</ref>
  
 
== Education ==
 
== Education ==
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He received a Bachelor of Science degree in Economics with a major in Accounting from the Wharton School, University of Pennsylvania in 1981.<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=643068&privcapId=294863|name=Gerald D. Putnam profile|org=Bloomberg|date=January 13, 2019}}</ref>
  
 
== References ==
 
== References ==

Latest revision as of 17:56, 13 January 2019

Gerald D. Putnam
GeraldPutnam.jpg
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.

Background

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]

Education

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

References

  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. TIME.com.
  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.