Glen Shipway

Glen Shipway

Mr. Shipway is a consultant with Bates Group. He uses his extensive regulatory, exchange and board experience to help broker-dealers, investment advisors and other financial services providers meet business goals and satisfy regulatory, compliance and corporate governance obligations. A former member of the Board of Directors for the National Stock Exchange in Chicago and Executive Vice President for NASDAQ in New York, Mr. Shipway is available to consult regarding regulatory oversight of markets and exchanges, market surveillance and trading systems. He is also available to consult or serve as an expert witness in litigation or regulatory proceedings regarding a wide range of compliance and operations issues including best execution, proprietary trading, stock loan and bond, commodities and OTC trading.


Credentials

EXPERIENCE

National Stock Exchange, Chicago, Public Member, Board of Directors; Chair, Audit Committee; Member, Regulatory Oversight Committee, 2005-2011 

Primex Trading NA LLC, New York, Chief Executive Officer, 1999-2002

  • Firm created electronic auction system for trading of listed and NASDAQ securities.

NASDAQ Stock Market, Inc., New York, , 1989-1999

  • Managed customer service and support, education and training, operation of Third Market in all NYSE and Amex listed companies, and operation of floor for American Stock Exchange. Worked directly with NASDAQ member committees, including Trading, Operations, ITS and ACT subcommittee.

InterstateSecurities/Johnson Lane Corp. (later Wachovia Securities), Charlotte, North Carolina, Executive Vice President, Board of Directors, 1973-1989 

  • Mr. Shipway joined the firm as its Compliance Officer. During his 16 years with the company, his responsibilities included risk management, proprietary trading, floor operations for its four seats on the NYSE and two seats on the American Stock Exchange, and trading operations for its Unit Investment Trust, Municipal and Government Sales, Corporate Bond, OTC and Option, Commodities and Stock Loan Departments.

National Association of Securities Dealers (NASD), Washington D.C., Assistant Director, 1967-1973

  • Managed surveillance and examination program for District 10 and prosecution of regulatory actions brought before District Business Conduct Committee.
EDUCATION

Washington College, Chestertown, MD, B.A., Mathematics

Automat:ee