IMC Annual Report 2018 - Page 24



7.2 NYSE DESIGNATED MARKET MAKER
24
Relationships are critical too
relationships. “Beyond the
The year started strongly with
It was one of 17 IPOs handled
In June, IMC’s Jay Woods, a
other senior exchange officials
for IMC’s DMM business on
technology we deploy and
IMC appointed DMM for the
by IMC in 2018, and would turn
25-year-veteran of the NYSE, was
to discuss regulatory filings and
the New York Stock Exchange.
the individuals representing
IPO of Brazil-based payment
out to be the biggest foreign
elected Executive Floor Governor,
rule changes. As Thomas notes,
While the firm’s combination of
our company on the floor, the
services firm Pag Seguro Digital.
listing on the Big Board all
one of the highest-ranking officials
“It’s the first time IMC has had an
market making and technological
differentiator is our reputation,”
Ten times subscribed, the IPO
year. The Brazilian firm later
on the exchange floor. A first for
Executive Floor Governor, and a
expertise continues to provide
says Thomas, DMM Business
opened above the offer price
launched a $1bn secondary
IMC, the official serves as a voice
sign of the growing status of the
a competitive edge, IMC’s
Development. “For the issuer,
and traded 35% up on the
offering for which IMC was
for the floor community, monitoring
firm and Jay’s reputation with
reputation is the decisive
you have to be able to trust
opening day, raising $2.61bn.
also market maker.
conduct and meeting regularly with
colleagues and peers.”
factor in cementing trusted
whom you are dealing with.”
IMC Annual Report 2018
25

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