Robert Fitzsimmons

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Robert Fitzsimmons
Bob Fitzsimmons.png
Occupation Executive Vice President, Fixed Income, Commodities, and Stock Lending
Employer Wedbush Securities
Location Chicago
LinkedIn Profile
Website wedbush.com

Bob Fitzsimmons is executive vice president at Wedbush Securities with oversight of futures, securities lending, and the fixed income groups. He joined Wedbush in 2016 as its managing director and head of Wedbush Futures. He was promoted to executive VP in 2018.[1] He has more than 30 years of experience in the financial industry, particularly in the fixed income, futures, equities and technology space.

He also serves on the Presidents’ Executive Committee and Management Committee.

Before joining Wedbush, he was the founder of Coveney Trading LLC, a proprietary options trading firm.

Background[edit]

He is also a senior advisor at Optionshop, an online futures broker specializing in the execution of options on futures, and served as CEO at its launch.[2]

Fitzsimmons was previously managing director and head of derivatives business at Investment Technology Group, Inc. (ITG). He was chief executive officer of RedSky Financial before it was acquired by ITG in 2007 [3]. Fitzsimmons was appointed CEO of RedSky Financial in April 2006.[4][5] There, he was responsible for developing and implementing RedSky's strategic and financial planning.

Prior to RedSky, he was CEO of NQLX from 2003-2004. He joined NQLX from The Nasdaq Stock Market, where he was an executive director.[6] While with NASDAQ, Fitzsimmons led their futures markets exploration team.[7]

Fitzsimmons was hired by NQLX as president and chief operating officer, but was promoted to acting CEO when the former CEO, Warren Langley, left following an inability to agree on mutually acceptable contract terms.[8][9] Thomas Ascher was subsequently hired as CEO of NQLX, with Fitzsimmons moving back to president and COO. Fitzsimmons later replaced Ascher, when Ascher resigned in November of 2003 on the eve of the one year anniversary of single stock futures trading being launched in the U.S. [10]

Before NQLX and Nasdaq, Fitzsimmons ran the futures business of Nomura Securities International. Earlier, Fitzsimmons was a broker in the U.S. Treasury bond options pit for Kidder, Peabody & Co. In 1987, Fitzsimmons became a member of the Chicago Board of Trade and, in 1990, the Chicago Mercantile Exchange.

Fitzsimmons' views on market structure and exchange consolidation are quoted in Financial Times,[11] Wall Street Journal,[12] Forbes [13] and Wall Street Letter.[14]

John Lothian News Interview[edit]

Robert Fitzsimmons Discusses His New Startup Optionshop
Robert Fitzsimmons is the CEO of Optionshop, an online futures broker specializing in the execution of options on futures, which is expected to launch in September of 2012. Fitzsimmons spoke with John Lothian News senior editor Sarah Rudolph about the interest in commodities as an asset class, the dislocation in the markets and the need for retail traders to use options to minimize their commodities risk. Published August 2, 2012. Watch at JohnLothianNews.com[15]

Education[edit]

Fitzsimmons graduated from Harvard University with a Bachelor's Degree in Economics and holds an MBA from the University of Chicago's Booth School of Business.

Five Minute Interview[edit]

Resources[edit]

References[edit]

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