Meet the Team

When you trade on Nadex you’re not just trading on an established exchange backed by market-leading technology, you’re teaming up with more than 100 years of combined financial and technological expertise.


Timothy McDermott

Timothy McDermott

Chief Executive Officer

Timothy joined Nadex in 2008 as the General Counsel and Chief Regulatory Officer and was appointed Chief Executive Officer in May, 2014. Timothy has over 17 years of legal and regulatory experience in the financial markets, most recently with the Chicago Mercantile Exchange (CME) and, before that, with Gardner, Carton & Douglas, where he was a partner for seven years.  Prior to his legal career, Timothy worked as a financial analyst and passed the Illinois Certified Public Accounting examination.

Timothy earned his JD from Loyola University School of Law after graduating from the University of Notre Dame, where he majored in Accounting.

Jacob Mulaikal

Donald L. Horwitz

General Counsel and Chief Regulatory Officer

Before joining Nadex, Mr. Horwitz was Managing Director and General Counsel for IPXI Holdings, LLC, the parent of the Intellectual Property Exchange International, Inc. where he focused on providing strategic advice on all legal, governance and regulatory matters. Prior to that, in 2007 he joined OneChicago, LLC, the first U.S. single stock futures exchange, as Managing Director, General Counsel and Chief Regulatory Officer. Don launched his financial services career in 1974 with the U.S. Securities and Exchange Commission’s New York regional office, and later joined the legal department of Merrill Lynch, Pierce, Fenner & Smith, Inc., where he was appointed General Counsel of the firm’s futures subsidiary. He also has practiced law as Senior Counsel with Kaye Scholer, LLP in New York. In 1988, The Options Clearing Corporation appointed him General Counsel. Nine years later, he was named to the same post at Sakura Dellsher, a Tokyo-based FCM. He later served as Head of Compliance for BrokerTec Futures Exchange and then of Eurex US, as a result of a merger. He served as Director/General Counsel for Global Futures at ABN AMRO Incorporated, and then as Executive Director and Senior Attorney at UBS AG.

He is a member of the Illinois, Michigan and New York state bars and a graduate of the University of Michigan, Mr. Horwitz earned his Juris Doctor degree from Wayne State University Law School in Detroit.

Jacob Mulaikal

Jacob Mulaikal

Chief Financial Officer

Prior to joining Nadex, Jacob was the Chief Financial and Chief Operating Officer of National Stock Exchange (NSX). He was responsible for Finance, Accounting, Human Resources and IT functions, and helped engineer the recapitalization of the Exchange, improved business processes and significantly enhanced the infrastructure of the organization. Before NSX, Jacob was employed at Heller Financial Inc. where he served as the Group Finance Officer, responsible for the financial planning and oversight of the international subsidiaries of the company. He provided financial and tax support in international mergers, acquisitions and dispositions.

Jacob holds a Bachelor of Science from Loyola College in India and an MBA (Finance) from DePaul
University, Chicago. He qualified as a Chartered Accountant in India and is a member of the American Institute
of Certified Public Accountants in the United States.

John Collins

John Collins

Director

John is an experienced trial and appellate attorney, practicing at Collins & Collins in Chicago, Illinois. As an Assistant U.S. Attorney from 1992 through 1997, he prosecuted bank fraud, securities fraud, and other white collar crimes. In addition, John has served as general counsel for the United States Soccer Federation, Inc. and currently serves as a member of both the FIFA Legal Committee and the Board of Advisors of the National Sports Law Institute.

John studied Accountancy at the University of Illinois and earned his JD from University of Chicago Law School.

Robert Kolb

Robert Kolb

Director

Robert is a Professor of Finance and the Frank W. Considine Chair of Applied Ethics in the Business School at Loyola University Chicago. His career spans almost three decades as a finance professor, and he has published more than 50 academic research articles and more than 20 books.

Robert’s books include the recent publication of the sixth edition of Understanding Futures Markets and the fifth edition of Futures, Options, and Swaps (both with James A. Overdahl).

Peter Hetherington

Peter Hetherington

Director

Peter has been Chief Operating Officer and a Director of IG Group Holdings, plc in London since 2002. His role is focused on driving forward a number of significant strategic projects such as the highly successful launch of IG Group’s online financial dealing system.

Peter studied Economics at Nottingham University and has a Masters in Finance from the London Business School.

Peter Hetherington

John Austin

Director

John has been a Nadex director since January 2012 and acted as interim CEO from January - May 2014. John has over 15 years of experience in retail derivatives and developed the world’s first retail focused binary contracts in 2002, while working as IG Group’s New Products Director. More recently, John has served as Head of Research at IG Group plc in London.

John studied Chemistry and Computer Science at Cambridge University and has a Masters in Finance from London Business School.

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