NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) today announced that Harvey Flax has been appointed to the newly created position of Business Manager, GCF Repo IndexTM futures. Mr. Flax will be responsible for leading the launch and development of the DTCC GCF Repo IndexTM futures products trading exclusively on NYSE Liffe U.S. and cleared on NYPC. Based in New York, he will report to Lynn Martin, chief operating officer, NYSE Liffe U.S.
“I am pleased to welcome Harvey to the NYSE Liffe U.S. team to lead our exciting new GCF Repo futures launch,” said Thomas F. Callahan, CEO, NYSE Liffe U.S. “Harvey brings a wealth of industry experience in the financing markets and has the ideal background to lead this important initiative. Market feedback since our announcement of GCF Repo futures has been overwhelmingly positive. We believe it will provide a liquid, transparent and efficient risk management tool to allow our customers to better manage their term exposure. I am confident that with Harvey joining our strong team we can quickly build this complex to its full potential.”
In his 25 year career at Morgan Stanley, Mr. Flax held a number of senior roles in their Fixed Income and Equity Financing groups that includes, trading, risk management, infrastructure and capital deployment/optimization. Most recently, he was Executive Director of the Equity and Fixed Income Repo Financing unit where he supervised the term stable liquidity financing program and managed significant Equity and Fixed Income Repo Counterparty relationships.
