Russell Abramson, AMRS Head of Futures, Options, OTC Clearing, Global Head of Client Solutions, Futures & Options and OTC Clearing, Bank of America Securities
Russell is Head of the Americas, regionally responsible for the Futures and Options and OTC Clearing business. Also, as the Global Head of Clients Solutions, he is also responsible for BofA’s eTrading and eClearing platforms.
Russell joined Bank of America in May 2012 and has been with the firm for 11 years. During his tenure at BofA, Russell has revamped the firm’s electronic trading infrastructure to include new, state of the art technology providing our business and clients a fully functional global trading platform. He has also been pivotal in advocating for the build out of a brand new algorithmic trading and TCA (Transaction Cost Analysis) platform. We’ve implemented 9 new trading algorithms and have increased the volume of the previous platform by more than a factor of 20. He has also evolved the MERCURY® clearing platform offering to develop over 20 new tools including a brand new report writer, reporting inbox & scheduler, transaction management layer, allocation platform with visualizer, product database, pre-trade risk limits platform and real time reconciliation engine. Lastly, he has strategically driven the build out of a complete transactional database which will provide the foundation of future trade analytics and advance machine learning algorithms, transaction reporting compliance and business analysis.
Prior to his role at BofA, Russell spent 13 years at JPMorgan. In his most recent role at JPMorgan, Russell was the Global Head of Electronic Trading Services (ETS), Head of client solutions for the Americas and was in charge of JPMorgan’s eTrading strategy for their Americas Futures & Options business. In addition, he was a member of the Sales & Marketing team. During his tenure at JPMorgan, Russell was previously the technology head of their Futures electronic trading platform.
Russell currently serves as a lead ambassador on the FIA Derivatives Market Institute for Standards (DMIST) committee and sits on FIA Tech’s board of directors.
Russell has an MBA in Computer Information Systems from Baruch College and a BA in Mathematics from Binghamton University.