Exchange Management

Chief Executive Officer

David G. Downey

David G. Downey serves as Chief Executive Officer of OneChicago with a career that parallels the growth in the electronic trading of security and commodity products.

Mr. Downey began his career in the securities and futures industry in 1983 on the American Stock Exchange in New York. In 1985 he joined Timber Hill Inc.,(THI) a firm specializing in the business of market-making on the floors of various stock, future and derivative exchanges around the world. After moving to Chicago in 1985 he began trading as a member of the CBOE and over the years held memberships at the CBOT and the CME. In 1991 he assumed the title of Vice President of US floor trading Operations for Timber Hill and was instrumental in the spread of electronic tools for traders on the various exchange floors.

In 1995, Mr. Downey turned his attention to the development of Interactive Brokers (IB) where he served as Executive Vice President of Operations. IB provides direct access (“on line”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including options, futures, stocks, forex and bonds worldwide.

Mr. Downey is a 1982 graduate of Boston College where he earned Bachelor of Arts Degrees in Economics and Political Science.

Chief Operating Officer

Thomas G. McCabe

Mr. McCabe joined OneChicago in February 2008 as Chief Operating Officer.

He began his financial services career in 1985 with the regulatory division of the Chicago Board of Trade, now CME Group where he oversaw the Trade Practice Investigation Department. Mr. McCabe moved to the operations side of the CBOT in 1998 where he oversaw the implementation of trading floor order routing systems.

In 2003, he worked extensively with the clearing firm community to move the CBOT’s clearing business to the CME Clearing House. This initiative, called the Common Clearing Link, resulted in firms saving approximately $1.8 billion in overnight margin due to inter-product spread credits. Mr. McCabe took on increasingly more responsibility in 2005 as Vice President, Trading Operations where he oversaw the CBOT’s global operations with focus on creating a positive customer experience and increasing straight through processing of electronic and floor executed trades. During this time period, he was also responsible for the business aspects of the Exchange’s trading technologies and the quality assurance function.

Mr. McCabe is a 1984 graduate of Creighton University and lives in Chicago with his wife and two children.

Chief Regulatory Officer

Waseem Barazi

Mr. Barazi joined OneChicago in June 2013 as Director of Market Regulation.

In 2012, Mr. Barazi took part in the Summer Honors Law Program with the U.S. Securities and Exchange Commission (SEC) in the Office of Compliance Inspections and Examinations, garnering legal and regulatory experience from the nation’s top securities regulator. Afterwards, Mr. Barazi joined the Financial Industry Regulatory Authority (FINRA), where he was responsible for surveilling and analyzing market data, as well as conducting investigations of potential violations of FINRA rules and federal securities laws.

Mr. Barazi is a 2009 graduate of the University of Illinois at Chicago where he earned a B.A. in Economics and a 2013 graduate of Loyola University Chicago School of Law where he earned a J.D.

Board of Directors

David M. Battan

Executive Vice President Legal/Counsel
Interactive Brokers LLC
Catherine Clay

Vice President, Integration Strategy and Operations
Chicago Board Options Exchange
Thomas Peterffy

Interactive Brokers LLC
William F. Pridmore

William F. Pridmore LTD
Jennifer Hurder

Executive Director Development and Finance
CME Group Inc.
John F. Curran

Managing Director of Business Development, Pricing and Planning
CME Group Inc.
Eric Wolff

Derivatives Market Regulatory Consultant
Paul B. O’Kelly

Derivatives Market Regulatory Consultant