Former NYMEX Chairman Richard Schaeffer Joins Aurora (IDEX) Advisory Board
We are pleased to announce the addition of fintech pioneer Richard Schaeffer to our advisory board. As IDEX and the rest of the Aurora project continues to grow, Schaeffer will bring decades of financial experience and industry connections to the table, playing a pivotal role in helping us bridge old and new financial technologies on the blockchain.
About Richard Schaeffer
Richard Schaeffer is the founder and executive chairman of Liquid Holdings Group, a provider of trade execution and back-office systems for active and institutional asset managers.
Richard is also the former chairman of NYMEX Holdings, Inc. and of the New York Mercantile Exchange, Inc. As chairman, he spearheaded the exchange’s transformation to an electronic trading platform, along with its listing and IPO on the New York Stock Exchange (NYSE) and eventual sale to the Chicago Mercantile Exchange (CME) in 2008. Richard also served as chairman of the board of the NYMEX Charitable Foundation during his tenure with the exchange. He has previously served on the boards of Sacred Heart University and The University Of Maryland’s School of Business.
“The vision of the Aurora team in building out the IDEX platform has been remarkable,” says Richard Schaeffer. “In my own experience, we saw a transition from traders in the pits circulating paper sheets and shouting orders to a fully-digital platform. Now we’re seeing the continued evolution with truly decentralized, peer-to-peer global trading on IDEX. I’m pleased to be working with Aurora as we continue to innovate and shatter barriers in our industry.”
Aurora is a collection of Ethereum applications and protocols, including IDEX — the first real-time decentralized exchange — that together form a completely decentralized financial and banking platform. Founded by a group of blockchain enthusiasts who aspire to see digital currency flourish, Aurora aims to provide decentralized financial solutions to anybody in the world.