Scott Riley Email & Phone Number

London, England, GB

GFO-X has been incorporated with the objective of providing institutional grade solutions to the crypto asset derivative community.

Immersion in Bitcoin and Blockchain technologies. Looking at context and practical application of technology to capital markets (potential use cases beyond payments). Engaged with the Fintech and digital currency community via industry working groups, conferences, events and bilateral engagements.

London, GB

Explored and qualified opportunities for the application of DLT (Distributed Ledger Technologies) into the commodity supply chain.Kynetix provide world class, market tested and validated, technology for the management of commodity inventory. (From trading through to the nuances of physical delivery).

Qualifying applications and implementing Blockchain technology to Financial Markets.

New York, NY, US

Appointed with mandate to look at post trade relationships and services to see how revenue and margins could be: a) preserved, b) defended and c) grown.

Amsterdam, NL

Seconded to Asia to look at changing market infrastructure and associated commercial opportunities in the Central Counterparty Clearing space.

London, GB

• I was one of the initial employees and founding directors of Chi-X Europe. My responsibility was the Post Trade model (from concept to implementation).Key achievements include:
• Commercial. Business growth from zero turnover to 25% primary market share. Culminating with US$360 million acquisition by BATS Global Markets.
• Business Model. Strategic discussions with business partners and service providers. Recommendation and segregation of transaction value chain into Trading (price discovery), Clearing (risk management) and Settlement.
• Clearing Model. Responsible for Chi-X Europe post trade / clearing model. Extensive work on establishing a new Central Counterparty, the European Multilateral Clearing Facility (EMCF) as per CPSS IOSCO recommendations.
• Regulatory. FSA register. FSA Arrow assessments. Ongoing relationship with central banks (ECB, DNB, BoE).
• Legal Framework. Work with inhouse and external lawyers on definition of client agreements, rulebooks and service agreements.

London, GB

• I had built a relationship with Euronext in its capacity as an ADX investor and was invited to join their clearing division.Key achievements:
• Commercial. Clearnet SA merged with LCH Ltd in a Euro 1.2 billion merger of equals;
• Revenue diversification. Identifying and bringing new pools of liquidity for the provision of Clearing Services;
• First CCP to offer “interoperable” clearing services (Fixed Income).
• Organic Growth. Prospection for new clients in all market sectors.
• Brand Development. Extensive travel throughout Europe speaking at trade and industry forums. Crafting and delivering industry messages.

• I was responsible for all post trade aspects of a new derivatives exchange in Australia.Key achievements:
• One of initial employees. Participating in investor and industry meetings.
• Commercial. Arrangement of an A$ 40 million Clearing Guarantee Fund to ensure market integrity. This included raising A$ 19 million in commitments from Clearing Participants plus A$ 20 million of default insurance.
• Regulatory. Liaison with ASIC on rules and procedures for a new market.
• Sales. Soliciting new Clearing Participants. This encompassed marketing initiatives, defining all admission requirements (admission, on going capital adequacy, regulatory reporting etc.) and procedures for admitting.
• Operations. Managing and developing OCH relationship to facilitate commercial requirements of Participants.

• I was appointed to head the operations implementing all the required changes resulting from the rebranding and repositioning the business.Key achievements:
• Commercial: Transformed CAGF to BA/CA and the in the process reinvigorated both the Operations team and processes, using a combination of staff turnover, training and rewards.
• Operations: Managed and developed a group of full-time and part-time office staff along with the LIFFE Floor runners (subsequently integrated into the office team). Total managed FTE 20+ people.
• Operations: Expanded exchange membership where remote access allowed (e.g. MATIF)
• Technology: First UK broker to adopt self clearing model on UbiTrade system, an implementation done on time and under budget. Six months elapsed from contract signature to full implementation, including successful Euro.
• Technology: First UK broker to facilitate remote order routing to offshore funds.BA/CA was at the forefront of setting electronic trading standards. BA/CA was the first broker to make a full transition from the floor.

• AACC (UK) had gone through a period of rapid growth triggered by the acquisitions of the Chicago Corporation and the CitiFutures businesses. I was hired to assist in the integration of these businesses and to diversify.
• Commercial: Integration of Citibank Financial futures business into AACC (UK);
• Commercial: Successful LME membership application for the AACC (UK) business;
• Operations: Implementation of all requirements for base metals sales and trading business including – trades processing, risk management, connectivity, client services, regulatory reporting etc. My work included.

• Invited to join as a founder member of this group to help set up and run the regulated activities of the company.Key achievements:
• Regulatory: SFA recognition and registration of new entity; SFA registered individual; all SFA liaison, reporting and ongoing compliance.
• Infrastructure management: All operations, procedures, systems, documentation and legal accounts (full balance sheet & P/L including audit procedures, VAT returns etc.). Negotiated commission structures with third.
• Finance: Managed all bank accounts to meet funding requirements for brokerage business in addition to monitoring cash, invoices and expenses.Company passed SFA inspections and had a clean audit. Although a ‘break even’.

New York, NY, US

Aug 1993 to Apr 1995 Commodities Operations Manager Apr 1991 to Jul 1993 Regulatory Reporting - Financial AnalystMar 1987 to Mar 1991 Business Unit Finance