ICE’s former vice president of trading solutions has left the exchange to join rival trading platform SIX in a product and business strategy role.
Shai Popat will lead product and business strategy at SIX after spending the past six years working in various ICE businesses, most recently as vice president of trading solutions for its data services business.
He has also held several other business and commercial solutions roles at ICE Data Services, including Global Head of Real-Time Solutions and Global Head of Business Strategy.
Previously in his career, Popat was Vice President and General Manager of Europe, Middle East & Africa (EMEA) Trading Solutions at Interactive Data, joining ICE on the acquisition of the data solutions provider in 2015 , and spent five years within the GFI group. as head of its EMEA market data business and later as global head of market data.
“I am delighted that Shai is joining our team and I have no doubts that he has the expertise to help us realize our vision and take our business to the next level,” said Marion Leslie, Chief Financial Officer at SIX.
Popat’s appointment follows SIX’s recent appointment of former State Street executive David Newns to head its digital asset platform, SIX Digital Exchange, ahead of its upcoming launch.
The new platform, which obtained regulatory approval from FINMA earlier this month, is a first for the market, offering central securities depository and exchange services for digital assets.
“I am delighted to join SIX to continue to strengthen and accelerate our position as a trusted financial information provider,” said Popat.