Miami International Holdings, Inc. (MIH) today announced Troy Kane has joined the company as President of Minneapolis Grain Exchange (MGEX) where he will be responsible for day-to-day operations of the exchange.
Mr. Kane has also been appointed CEO of MIAX Futures, a newly formed company that will manage the futures businesses of MIH where he will be responsible for the development of the company’s futures business strategy.
Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.
“Troy brings a wealth of experience and expertise to his new role as the President of MGEX and CEO of MIAX Futures, and we are excited to welcome him to the MIH executive management team,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “We are looking forward to leveraging Troy’s deep knowledge of capital markets, industry relationships and extensive domain expertise to accelerate a number of key strategic initiatives for our futures exchanges.”
Mr. Kane joins MIAX after serving as Chief Operating Officer, Counterparty Strategy and Global Head of Derivatives and FICC Development at Citadel Securities where he managed Citadel Securities’ strategic partnerships with exchanges, banks and vendors. He was also responsible for the firm’s business development and market structure advocacy across futures, options and fixed income products globally and equity products in the Americas.
Prior to Citadel Securities, Mr. Kane served as Senior Director, Head of Strategy for Financial and OTC Products at CME Group where he was responsible for coordinating the development and execution for CME’s financial and OTC business lines strategies, technology and key strategic initiatives.
Prior to CME, Mr. Kane was Global Head of Algorithmic Business Development at BGC Partners and Chief Operating Officer at Eagle Seven.
Prior to these roles, Mr. Kane held a number of roles at CME Group including managing its proprietary trading client relationships, supporting its CME Globex operations and managing the daily operations of CME’s e-cbot and a/c/e Global Electronic Trading Systems. Mr. Kane began his career as a floor clerk at Kane Trading in the grain and oilseed pits at Chicago Board of Trade.
Mr. Kane earned a bachelor’s degree in commerce from DePaul University and a master’s degree in business administration from Roosevelt University.
