Management Team

About CX
Management Team

Howard W. Lutnick

Chairman & Chief Executive Officer

Howard W. Lutnick is the Chairman and Chief Executive Officer of CX and CX Clearinghouse. He is responsible for providing the vision and overall strategic direction of the company. Mr. Lutnick is also Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P., and Chairman and Chief Executive Officer of BGC Partners, Inc. Mr. Lutnick serves on the boards of several prominent charitable organizations.

Richard Jaycobs

President & Board Member

Richard Jaycobs is President of CX and CX Clearinghouse and is a member of the Board of Directors, and he is also Chief Executive Officer for ELX Futures, L.P. He is responsible for strategy, planning, and business development for the companies. Previously, Mr. Jaycobs served as Chief Executive Officer of The Clearing Corporation (“CCorp”), and prior to that he was Chief Executive Officer of onExchange. Prior to onExchange, Mr. Jaycobs was Managing Director at the New York Cotton Exchange.

William Shields

Chief Compliance Officer

William Shields was appointed as the Chief Compliance Officer of CX in March 2018.  Mr. Shields has over 22 years of compliance and regulatory experience including his current position as the Chief Compliance Officer for Cantor Fitzgerald and for Cantor’s affiliates BGC Partners Inc. and GFI Group, Inc. in the Americas. He began his career as a staff supervisor at NASD and subsequently held several senior legal and compliance positions at RBC Dain Rauscher and Tucker Anthony. Mr. Shields holds a holds a B.S. from Syracuse University and a JD from Rutgers Law School.  He is licensed to practice law in New York and New Jersey and holds the following licenses Series 3, 4, 7, 9, 10, 14, 24, 27, 30, 53, 55, 66, and 87 licenses.

Nolan Glantz

Chief Operations Officer

Nolan Glantz is Chief Operations Officer of CX and CX Clearinghouse, and is responsible for all daily aspects of running the exchange including market operation and technical support. Previously, Mr. Glantz was Director of Information Technology at The Clearing Corporation (“CCorp”). Prior to CCorp, he was Director of Application Design at onExchange, and prior to onExchange he held various consulting roles at Sapient Corporation.

Rod Drown

Senior Managing Director, Global Products & Services

Rod Drown is Senior Managing Director, Global Products & Services for CX and is responsible for efforts to build CX’s customer base and liquidity partners. Mr. Drown is also responsible for introducing new product offerings to exchange participants, including client education and customer service. Mr. Drown was previously the CEO of IG Markets US, and most recently was Principal, Managing Director and Head of Sales for OANDA.

James (Les) Walker

Chief Technology Officer

Les Walker is Chief Technology Officer of CX and CX Clearinghouse, and is responsible for technology vision, product development, release management, and technology infrastructure. Mr. Walker has over 20 years of experience in the financial services industry. He has previously worked as a Software Architect for CS/First Boston, State Street Bank, Wellington Management, and The Clearing Corporation.