Timothy McDermott

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Tim McDermott
Occupation Chief Executive Officer
Employer TeraExchange
Location Chicago, IL USA
LinkedIn Profile

Timothy G. McDermott is Chicago-based exchange executive who was named chief executive officer of the swap execution facility TeraExchange in August 2022.[1]

Tim McDermott was previously the CEO of the regulated binary options exchange Nadex from May 2014 - November 2019. He first joined Nadex in 2008 as general counsel and chief regulatory officer.[2]

McDermott is a public director on the KalshiEX board of directors.[3]


Before joining NADEX, McDermott was director and compliance counsel at the Chicago Mercantile Exchange from 2003-2007, where he was responsible for the enforcement of exchange trade practices and conduct rules. McDermott came to CME from the law firm Gardner, Carton & Douglas, where he focused on financial markets litigation.[4]


McDermott majored in accounting at the University of Notre Dame and earned his JD from Loyola University School of Law.