Gerald D. Putnam

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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), which Putnam eventually built into Archipelago Holdings Inc.[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.

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.