Thomas W. Farley

Last updated
Thomas W. Farley
Born(1975-12-10)December 10, 1975
NationalityAmerican
Alma mater Georgetown University
OccupationBanker
Salary$664,583 (2016) [1]
Children2

Thomas W. Farley (born December 10 1975) is an American banker. He serves as the CEO of Far Point Acquisition Corp. He previously served as the president of the NYSE Group, including the New York Stock Exchange.

New York Stock Exchange American stock exchange

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

Contents

Early life

Thomas W. Farley was born December 10, 1975. [2] He graduated from Gonzaga College High School as a member of the class of 1993. He graduated from Georgetown University, where he received a bachelor of arts degree in political science. [2] [3] He received a Chartered Financial Analyst certification from the CFA Institute. [3]

Gonzaga College High School Private, college-prep, day school in Washington, D. C., USA

Gonzaga College High School, originally Washington Seminary, is a Jesuit high school for boys located in Washington, D.C. It is named in honor of St. Aloysius Gonzaga, an Italian saint from the 16th century. Gonzaga is the oldest boys' high school in the District of Columbia and also the oldest college in the original federal city of Washington.

Georgetown University Private university in Washington, D.C., United States

Georgetown University is a private research university in the Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll in 1789 as Georgetown College, the university has grown to comprise ten undergraduate and graduate schools, among which are the School of Foreign Service, School of Business, Medical School, Law School, and a campus in Qatar. Located on a hill above the Potomac River, the school's main campus is identifiable by its flagship Healy Hall, a National Historic Landmark.

The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute to investment and financial professionals. It has the highest level of international legal and regulatory recognition of finance-related qualifications. The program covers a considerably wide range of topics relating to advanced investment analysis, quantitative finance, security analysis, fixed income, derivatives, economics, financial analysis, corporate finance, alternative investments and portfolio management, and provides a generalist knowledge of other areas of finance.

Career

Farley worked for Montgomery Securities, an investment bank, and Gryphon Investors, a private equity firm. [3] He served as the chief financial officer, chief operating officer and later president of SunGard Kiodex, the derivatives advisory subsidiary of SunGard. [3]

Montgomery Securities was an investment bank based in San Francisco, California, that specialized in high technology and health care sectors. The firm was founded in 1978 by Thom Weisel.

Derivative (finance) Operation in calculus

In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements (hedging), increasing exposure to price movements for speculation or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include forwards, futures, options, swaps, and variations of these such as synthetic collateralized debt obligations and credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange such as the New York Stock Exchange, while most insurance contracts have developed into a separate industry. In the United States, after the financial crisis of 2007–2009, there has been increased pressure to move derivatives to trade on exchanges. Derivatives are one of the three main categories of financial instruments, the other two being stocks and debt. The oldest example of a derivative in history, attested to by Aristotle, is thought to be a contract transaction of olives, entered into by ancient Greek philosopher Thales, who made a profit in the exchange. Bucket shops, outlawed a century ago, are a more recent historical example.

SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.

Farley became the president of the Intercontinental Exchange (ICE) and chief operating officer of the ICE Futures U.S. in 2007. [3] He later served as senior vice president of financial markets at the ICE. [3]

Intercontinental Exchange American exchange and clearing house company

Intercontinental Exchange (ICE) is an American company that owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange, equity options exchanges and OTC energy, credit and equity markets...

Farley served as the chief operating officer of the NYSE Group from November 2013 to May 2014. [3] He has served as its president since May 2014. [3] He is a proponent of keeping its equity trading floor. [4]

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References

  1. "Sitemap". Salary.com.
  2. 1 2 "Thomas W. Farley". Bloomberg Business. Retrieved February 6, 2016.
  3. 1 2 3 4 5 6 7 8 "Management: Thomas Farley". InterContinental Exchange. Retrieved February 7, 2016.
  4. Bullock, Nicole; Meyer, Gregory (November 4, 2014). "NYSE boss Thomas Farley sees value in trading floor". Financial Times. Retrieved February 6, 2016.