Michael Niejadlik
Senior Director of Product Management and Delivery, Equities at TMX Group- Claim this Profile
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Bio
Credentials
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Canadian Securities Course
Canadian Securities Institute
Experience
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TMX Group
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Canada
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Financial Services
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700 & Above Employee
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Senior Director of Product Management and Delivery, Equities
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Nov 2018 - Present
• Accountable for driving the vision, direction and strategic product investment of TMX Group’s equity marketplaces and related portfolio of products. This includes expanding into new market segments, building new products and/or enhancing existing products to directly impact and improve the data, volume, revenue.• Oversees all aspects of Equity trading products and their multi-million-dollar operating budgets, including the financial performance of the P&L, along with setting and reaching various key performance indicators (KPIs)• Senior leader in the agile transformation of TMX. Focuses on creating the operating and financial structure for the agile cluster to integrate and optimize product management while overseeing information technology (IT) teams. • Created autonomous product squads to integrate senior business and technical resources for the management and execution of the Equity and Datalinx product portfolios.• Leads and mentors teams, including over 26 highly specialized, senior level business and technical employees, to achieve the objectives of the Equities and Datalinx businesses and realize cross business benefits to lead a customer-driven experience.• Fosters and motivates an inclusive corporate culture to ensure our teams are driven toward a single vision of improving products and processes.• Identifies and assesses revenue accretive or expense reduction opportunities through partnerships, commercial relationships and/or acquisitions (M&A).• Considered a go-to subject matter expert who provides a high level of both depth and breadth for product innovation and capital markets knowledge. Show less
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Director, Product Management
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Jul 2015 - Nov 2018
• Successfully executed and managed the TSX Equity Trading product portfolio to ensure product costs and revenues were properly tracked, and their KPIs were aligned with the products and business unit's commercial strategy.• Managed and maximized the return of the equity product portfolio and operating budget, which continues to generate multi-million-dollars of revenue.• Led the Product Management team who supported the identification, evaluation, execution, and support of cash equity trading products and services for Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha.• Instituted multi-department ceremonies to ensure that the team members who were critical to the equity product success were aligned on strategic objectives and tasks. The increasing velocity and execution of product initiatives resulted in achieving commercial targets.• Chairman of the equity product committees which included: Market on Close, TSX Long life, TSX Alpha, TSX NAVex. These client committees were designed to facilitate frequent engagement and ensure products met both the needs of clients, and contributed to subsequent investment decisions.• Managed the business case development by the TSX equities team to ensure the business problem, opportunity, competitive landscape and commercial strategy was clear, and business cases were prioritized during the portfolio grooming process, to determine worthiness of investment. • Performed the grooming of the equity trading portfolio backlog to engage key stakeholders by planning an 18-month roadmap to achieve business unit objectives. Show less
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Senior Product Manager
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Apr 2011 - Jul 2015
• Responsible for the TSX, TSX Venture and TSX Alpha Trading product usage, expense profile and revenue growth.• Introduced client-driven changes to the TMX MOC facilities which have grown to generate 35% of TSX's trading revenue.• Designed and delivered the TSX Alpha active delay mechanism. This create a market that provides for a desired interaction between liquidity providers and dealers that are facilitating retail order flow. TSX Alpha is an industry-leading model that has steadily grown to 6% market share. • Designed and delivered TSX NAVex which supports the TSX Equities diversification objective. This project introduced new clients and business partners to the TMX group outside of its core business. • Designed and delivered the TMX Dark Trading product portfolio which has grown to comprise over 4% of TSX and TSX Venture trading at a premium fee. • Directed sales and marketing efforts for the equity trading products to ensure we achieved revenue targets. • Worked with senior business leaders to ensure the product vision, client needs and features were clearly articulated, they addressed a business problem and also qualified for investment.• Led the business analysis team who were responsible for specifying the scope, along with the functional and non-functional requirements of the systems that supports TMX's equity markets.• Lead Business Analyst who was responsible for the Toronto Stock Exchange and TSX Venture Exchange auctions, allocation algorithms, market making structure and market data feeds.• Lead Business Analyst for the TSX Quantum program which introduced an industry leading matching engine and gateway. Show less
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Team Lead Business Analysis
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Jun 2005 - Apr 2011
• Responsible for working with senior business leaders to ensure the product vision, client needs and features were clearly articulated, they addressed business problems and qualified for investment.• Led the business analysis team responsible for specifying the scope, functional and non-functional requirements of the systems that supported TMX's equity markets.• Lead Business Analyst for the Toronto Stock Exchange and TSX Venture Exchange auctions, allocation algorithms, market making structure and market data feeds.• Lead Business Analyst for the TSX Quantum program introducing an industry leading matching engine and gateway. Show less
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Education
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University of Toronto
Honors Bachelor of Arts: Economics
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