Nymex names head of new strategy department
John D’Agostino will head up a new department at the New York Mercantile Exchange, which will focus on strategic options for expansion and growth. The exchange has promoted D’Agostino to vice-president of strategy and business development from manager for special projects in the office of the president.
D’Agostino helped develop hand-held technology for the Nymex trading floor. He also helped originate a joint project with investment bank Goldman Sachs, broker Icap and software firm Longitude Inc, which resulted in the development of a derivatives market for options on oil and natural gas
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