New York, United States
Instinet, a global agency broker and independent subsidiary of Nomura Holdings, Inc., today announced the promotion of Christopher Rogers to Chief Technology Officer. Mr. Rogers, previously Chief Software Architect of the firm, will succeed Michael Bundy, who was today named CTO of Chi-X(R), Instinet's new pan-European equity alternative trading system (see separate announcement).
Mr. Rogers has worked on numerous software development projects since joining Instinet in August 2003. Most recently, he led the development of Instinet's new core trading back end and the migration to it of the firm's various trading products, including Newport(TM), Instinet Trading Portal(R) and Instinet's suite of algorithms and its crossing networks. He was also one of several key technologists that built the systems that powered the Island and Inet ECNs, which now underlie the entire Nasdaq Stock Market following its 2005 acquisition of Inet.
"Chris is one of the most talented technologists in the business," said Alex Goor, co-CEO of Instinet. "While Instinet will most assuredly miss Mike Bundy's numerous contributions, I know that we will be in extremely capable hands moving forward."
"I am tremendously excited to lead Instinet's technology team. Our ongoing efforts to refine Instinet's rich global platform should yield many new offerings this year," said Mr. Rogers.
Prior to joining Instinet, Mr. Rogers worked on the development of the MarketXT platform while at Tradescape Technologies and, before that, led the development of several other notable trading systems. Additionally, Mr. Rogers has held software development positions at UBS Warburg, Morgan Stanley and Mail.com, and is a graduate of Stevens Institute of Technology
About Instinet
Instinet, through its subsidiaries, acts as a global agency broker, providing the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. Acting solely as an agent for its customers, Instinet seeks to improve institutional investment performance and lower overall trading costs through its various front-end trading systems, securities crossing networks, algorithms, commission management programs and investment research products. The company, which is an independent subsidiary of Nomura Holdings, Inc., is headquartered in New York and maintains offices in North America, Europe and the Asia Pacific region. For more information, please visit www.instinet.com. Instinet conducts its U.S. institutional brokerage business primarily through Instinet, LLC, member NASD/SIPC.
(C)2007 Instinet, LLC. All rights reserved. INSTINET is a registered service mark in the United States and in other countries throughout the world. Instinet, LLC is a member of NASD/SIPC.
CONTACT: Media Relations: Mark Dowd 212-310-5331 mark.dowd@instinet.com
CONTACT: Media Relations: Mark Dowd 212-310-5331 mark.dowd@instinet.com
Source: Business Wire (Business Wire India)