Difference between revisions of "Gerald D. Putnam"

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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>
 
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>
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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.
  
 
== Education ==
 
== Education ==

Revision as of 16:29, 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.

Education

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.