There's a lot riding on IEX getting a listing. "That would hit the pause button on any switch." "He might be ousted and the upper management could be switched out," an industry insider told Business Insider. Some market watchers expected Wynn's company - Wynn Resorts - to be IEX's first switch. The scandal surrounding casino tycoon Steve Wynn, who came under fire for allegations of sexual misconduct, could prove to be a speed bump for the exchange.
The exchange is currently trying to snag listings from its larger rivals, the New York Stock Exchange and Nasdaq.Ī person familiar with the company's operations told Business Insider a couple of companies, including a large asset manager, are lined up for a possible switch. Simblist joins IEX at critical time for its listings business, which the company got the green-light to launch in October. He also held positions at Bank of America, Convergex, and Macro Risk Advisors. Simblist, who's career in sales and trading spans more than a decade, was most recently a senior sales consultant at Eze Castle Integration, a tech provider to hedge funds.
Jon Simblist, a former derivatives sales and trading director at Instinet, is now on the listings team at IEX, the former dark pool made famous in Michael Lewis' "Flash Boys," according to his LinkedIn profile. Jon Simblist, who started in January, joins the firm at a critical point as it seeks to lure listings from its larger rivals NYSE and Nasdaq.Ī veteran of the sales and trading world has joined upstart IEX at a critical junction in the young stock exchange's life.A former sales and trading director at Instinet has joined the listings team at upstart stock exchange IEX.Account icon An icon in the shape of a person's head and shoulders.
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