Davis, Polk & Wardwell
Mr. Colby is counsel in our Washington DC office, advising on regulatory requirements for broker-dealers, markets, central counterparties and depositories, transfer agents, rating agencies, and market participants’ trading practices.
Before joining Davis Polk in 2009, Mr. Colby served as Deputy Director of the Securities and Exchange Commission’s Division of Trading and Markets, where he shared responsibility for the regulation and oversight of securities firms, clearing organizations and the U.S. securities markets. Previously, he was Chief Counsel of the Division and Branch Chief of the Division’s Office of Market Structure.
John G. Colon, Managing Director, consults with the firm's investment banking and institutional stockbrokerage practices in the United States, Asia, and Europe. Before joining Greenwich Associates in 1986, John was an analyst in the corporate finance department of Lehman Brothers Kuhn Loeb in New York. John received his BA magna cum laude from Dartmouth, where he was elected to Phi Beta Kappa. He earned his MBA at Harvard.
Whit Conary is the President of LeveL ATS and is responsible for the overall sales, marketing, and operations of the Firm. He is a well-established financial services professional who has served in the industry for over 27 years. He created Ward, Conary and Murphy (a specialist and floor brokerage firm) in 1986, which successfully merged with Moors and Cabot in 2004. Mr. Conary was also a member of the Boston Stock Exchange Board of Governors and served on the Executive Committee for 10 years, serving as Vice Chairman in 2003.
Senior Equity Trader
Edward Doyle is a senior equity trader at Pioneer Investments in Boston. Doyle has been involved in equity trading since 1993, when he took a job at the Boston Stock Exchange in compliance. Shortly thereafter, he joined Pershing Trading Co. at the BSE and was promoted to specialist, where he made markets from 1996 until 2005. After a one-year stint as a sales trader, Doyle joined Pioneer Investments in 2006. He is a graduate of the University of Massachusetts at Amherst, where he earned a B.A. in Economics.
Managing Director, Head of Equity Trading
Daniel C. Farrell is a Managing Director and Head of Equity Trading at Putnam Investments. In this role, he oversees all equity trading activity at Putnam and manages a staff of 18. Mr. Farrell, who holds his FINRA Series 7 license, joined Putnam in 2008 and has been in the investment industry since 1993. Before joining Putnam, he was a vice president in equity trading at Ameriprise Financial/RiverSource Investments, where he spent about five years. Prior to that, he was a vice president in equity trading at MFS Investment Management, where he spent a decade. Mr. Farrell is a graduate of the University of Massachusetts, Boston, where he earned a Bachelor of Science in Management, with a concentration in finance.
Pipeline Trading Systems
Fred Federspiel is the President and founder of Pipeline Trading Systems, a rapidly growing independent and anonymous large block trading venue. Fred earned a PhD in Experimental Nuclear and Particle Physics from the University of Illinois at Champaign/Urbana, and then worked at Los Alamos National Laboratory as a nuclear physicist. Fred became very interested in understanding how market structure impacts the ability to efficiently trade large orders while working at the Bios Group, a complexity science consulting firm founded by Ernst & Young. This interest culminated in the founding of Pipeline in 1999, and ultimately in the launch of the Pipeline block trading platform on September 9th, 2004.
Head of U.S. Sales and Sales Trading
Jim Fehrenbach is a managing director and head of Institutional Equity Distribution for Piper Jaffray. In this role, he oversees institutional equity sales and sales trading. Prior to his appointment as managing director and head of Institutional Equity Distribution, Fehrenbach was head of NASDAQ trading . Fehrenbach joined Piper Jaffray in 1995 and was one of the firm’s top market makers. With more than 19 years of experience in the securities industry, Fehrenbach was formerly a member of the trading committee for the Securities Industry Financial Markets Association (SIFMA) and was formerly president and board member of the Minnesota Security Dealers Association (MSDA). Also is a current member on the board of The Autism Society of Minnesota (AuSM).
Jim earned a bachelor’s degree in finance from St. Cloud State University.
Investment Technology Group
Bob Gasser is Chief Executive Officer and President of Investment Technology Group.Mr. Gasser was previously CEO at NYFIX, Inc., a global electronic trade execution firm. Prior to his appointment as CEO of NYFIX in 2005, he served as CEO of NYFIX Millennium, a subsidiary of NYFIX, from 2001 to 2005. He was also president of NYFIX Transaction Services and NYFIX Clearing Corporation. Before NYFIX, Mr. Gasser was Head of U.S. Equity Trading at JP Morgan. Concurrently, Mr. Gasser served on the Board of Directors of Archipelago Exchange as well as on the NASDAQ Quality of Markets Committee and the NYSE Upstairs Traders Advisory Committee. Mr. Gasser holds a Bachelor of Science degree from Georgetown University, School of Foreign Service.
Global Head of Trading
Viking Global Investors
Mr. Gertsen is the Head Trader at Viking, responsible for the firm’s trading operations. He has over 18 years of trading and management experience on both the sell-side and buy-side. Prior to joining the firm, Mr. Gertsen was Global Head of Buy-Side Equity Trading at AllianceBernstein and a member of the firm’s management committee. He began his career in 1991 at Alex Brown and Sons as an equity trader. He later became a Managing Director, Co-Head of Equity Trading and Head of NASDAQ Trading at Deutsche Bank Alex Brown in 1998. He was also a member of the North American Equity Management Team and later became the Head of U.S. Equity Syndicate and the Global Co-Head of risk block deals for the Global Investment Bank. Mr. Gertsen then received his buy-side experience as a partner at Exis Capital Management starting in 2003 where he was a trading portfolio manager, and oversaw trading, capital markets and relationship management. Mr. Gertsen received his B.A. from The Johns Hopkins University, and his M.S. in Finance, MBA from The Johns Hopkins University.
Richard Gorelick is the Chief Executive Officer of RGM Advisors, LLC, an automated trading firm that he co-founded in 2001. The company applies scientific approaches and computing power to automated trading strategies in multiple asset classes around the world. The company is headquartered in Austin, Texas, and, through a subsidiary, maintains a London office.
Prior to founding RGM, Richard was the Chief Strategy Officer of Deja.com, Inc., which he joined in 1999, as the company's general counsel. Prior to Deja, Richard was a corporate attorney in Coudert Brothers' New York office. Richard received a B.A. in international relations from the University of Pennsylvania and a J.D. from the Georgetown University Law Center.
Head of Sales and Strategy
Bryan Harkins joined the company in March 2007 and serves as its Head of Sales and Strategy. His responsibilities at Direct Edge include its competitive positioning, strategic direction, and oversight of the sales function. Mr. Harkins has been instrumental in driving Direct Edge’s innovation, especially its pioneering ELP Program, through which the firm offers integrated access to dark and displayed liquidity. He has also overseen Direct Edge’s explosive growth, from less than 1% matched market share to its current level of nearly 13%, a more than ten-fold increase.
Robert M. Hegarty
Managing Director, Market Structure
Depository Trust & Clearing Corp.
Rob Hegarty is Managing Director, Market Structure at the Depository Trust and Clearing Corporation. In this role, Rob is responsible for spearheading DTCC’s efforts to identify new market and growth opportunities focused on the buy-side, front-office, and trading communities. DTCC, through its subsidiaries, provides clearance, settlement and information services for equity, fixed income, mutual fund, money market, insurance, and derivative instruments. DTCC has operating facilities in multiple locations in the United States and overseas.
Senior Vice President, Transaction Services
Brian Hyndman is Senior Vice President of NASDAQ’s Transaction Services. In this capacity, Mr. Hyndman is responsible for managing the day-to-day operations of the transaction services area. As Senior Vice President of NASDAQ Transaction Services, he is also responsible for the broker/dealer sales and the institutional outreach and relationship program.
Senior Vice President, Americas Equity Trading
Frank Loughlin is a senior vice president on the Americas equity desk at AllianceBernstein L.P. He has senior responsibility for the financial and REIT sectors and also oversees client facing initiatives related to equity trading. Mr. Loughlin joined the firm in 1990 as an associate in the US equity portfolio management group and moved to the trading desk in 1993. Since then he has held various senior roles on the US, international and global trading desks including co-head of Americas trading, head of US value trading and co-head of global value trading. He received a BA from the University of Notre Dame and an MBA from Fordham University. He is a CFA charter holder and a member of both the CFA Institute and the New York Society of Security Analysts.
Chief Executive Officer
As Chief Executive Officer, Tim Mahoney is responsible for the strategic direction and growth of BIDS Trading, the alternative trading system designed to increase competition and liquidity in the U.S. equity block trading market.
Managing Director, Head of Advanced Execution Services (AES)
Mr. Mathisson is the Head of Advanced Execution Services at Credit Suisse. He founded the AES group in 2001 after decimalization hit the US equities markets. AES has grown to be a full-service suite of algorithmic strategies, tools, and analytics for trading securities throughout the world.
He is on the Board of Directors for BATS Trading, the Credit Suisse Global Equities Operating Committee, and is a member of the NYSE's Electronic Traders Advisory Committee. Prior to joining Credit Suisse, Mr. Mathisson was the head equity trader at D.E. Shaw Securities. He graduated from the University of Michigan.
Head of Americas Cash Trading and Sales Trading
Bank of America Merrill Lynch
Henry Mulholland is Managing Director and Head of Americas Cash Equities at Bank of America Merrill Lynch. In this capacity, Mr. Mulholland is responsible for the firm's cash equity trading, sales trading, portfolio trading and related risk management activities throughout the region.
Managing Director, Global Head of Business Development
Goldman Sachs Electronic Trading
Rishi manages the Electronic Trading Business Development group. He is responsible for executing the business objectives for the REDIPlus trading platform, SIGMA/X liquidity strategy and the products and services that constitute the direct market access business globally. He joined the Products Group in 2001 and has remained a member of this team. He was named managing director in 2007.
Earlier in his career, Rishi co-founded an e-trading startup in Asia after finishing his MBA. Prior to that, he was in real estate, first as a project manager in a development company and then as a research associate covering REITs at CIBC World Markets.
Rishi earned an MBA in Finance & Entrepreneurship from Columbia Business School in 2000. He earned an MS in Real Estate Development from Columbia University in 1998 after finishing his BBA undergraduate degree at St. Xavier’s College, India.
Chairman and CEO
BATS Global Markets
Joe Ratterman is president and chief executive officer of BATS Exchange, one of the fastest-growing, top-tier equity markets in the United States. Mr. Ratterman joined BATS as a founding employee and served as executive vice president and chief operating officer from 2005 to mid-2007. He is also president and chief executive officer of BATS Global Markets, the holding company for BATS Exchange and BATS Europe. Prior to joining BATS, Mr. Ratterman was vice president of business development at Tradebot Systems. Previously, he was chief information officer at LabOne, the Lenexa, Kan.-based health screening and diagnostic testing company now owned by Quest Diagnostics. Before being named an officer at LabOne, Mr. Ratterman was chief technology officer at Bridge Information Systems from 1990 to 2002. An accomplished water skier, rock climber, track and distance runner and professional photographer, Mr. Ratterman holds a degree in mathematics and computer science from Central Missouri State University, Warrensburg, Mo.
Richard H. Repetto, CFA
Sandler O'Neill + Partners, L.P.
His research coverage includes the eBrokerage, Execution Venues and eSpecialty Finance Sectors. Mr. Repetto has received numerous accolades for his equity research. In 2008, Rich was recognized by the Financial Times/Starmine as the #1 Earnings Estimator in the Diversified Financial Services Sector. In 2007, he was honored by the FT/Starmine as the #1 Stock Picker and #2 Earnings Estimator in the Diversified Financial Services Sector. The Wall Street Journal and Thomson Financial recognized him in their “Best on the Street” Analysts Surveys for 2003, 2002 and 2000. In 2003, the WSJ ranked Rich #1 in stock picking for the Securities Brokerage industry. In 2002, he was one of six analysts cited by the WSJ for stock picking in two industry categories, Securities Brokerage and Internet.
Vice President, Market Structure Analysis
Rosenblatt Securities Inc.
Justin Schack is Vice President, Market Structure Analysis at Rosenblatt Securities, an institutional agency brokerage in New York. Schack is the lead writer for the firm’s Trading Talk reports, which are widely recognized as an authoritative voice on market structure and the exchange industry. Prior to joining Rosenblatt in February 2008, Schack was Assistant Managing Editor of Institutional Investor magazine, where he oversaw and contributed to coverage of Wall Street and corporate finance. Schack authored more than 20 cover stories during his eight years on the magazine’s staff. Before joining II, he was a public-affairs reporter for the Jersey Journal, a daily newspaper in Jersey City, NJ. His work as been recognized with awards from the National Press Club, the Society of Professional Journalists, the American Society of Business Publication Editors and the North Jersey Press Club. He holds a bachelor’s degree in history from Seton Hall University and a Master’s degree in history from the University of Connecticut.
Michael Scotti joined Traders Magazine as Editorial Director in May 2005. A long-time journalist, Mr. Scotti has working in the trading industry for almost 15 years. After stints at The Trentonian and the Orange County (Calif.) Business Journal, Mr.. Scotti moved into financial writing in 1993. He specialized in covering M&A and the bankruptcies at Mergers & Acquisitions before taking the editorship of Traders Magazine in 1994. Mr. Scotti steered Traders Magazine's through its first content and layout redesign. He headed editorial there for more than two years. He then continued his career at Institutional Investor (II). At II, Mr. Scotti spent five years as Director of TraderForum. There, he ran conferences on equity trading and performed specialized research for the buyside. At TraderForum, he programmed and ran 17 conferences and helped to launch the International TraderForum. Mr. Scotti later joined NYSE member firm KV Execution Services as director of client relations. Mr. Scotti graduated from Rutgers University with a degree in journalism and mass media.
Managing Director, Head of Algorithmic Trading, Americas & EMEA
UBS Investment Bank
Owain Self, as the Head of UBS Algorithmic Trading for the Americas and EMEA, is responsible for the ongoing evolution of the firm’s award-winning algorithmic trading suite of products. Managing cross-regional teams of traders, quantitative analysts, and technologists, he oversees the design, development and implementation of UBS’s innovative automated execution strategies across these major markets. He is also a member of the Global Direct Execution Steering Committee.
Executive Director of Trading and Execution Analysis
Morgan Stanley Investment Management
Robert B. Shapiro is Executive Director of Trading and Execution Analysis for Morgan Stanley Investment Management. Robert reports directly to Ray Tierney, global head of equity trading. Rob focuses on matters that serve to optimize MSIM's global trading infrastructure, such as trade analytics, technology, execution strategy, relationship development and transaction measurement. Shapiro's mandate is to develop MSIM's global trading best practices and procedures, an integral component of Tierney's strategic initiative to revamp MSIM's global trading platform, added the spokesperson. Shapiro joins MSIM from Abel Noser, where he served as SVP of advanced trading strategies. Prior to that, Rob served as Director of Trading for Iridian Asset Management, LLP, a $10.5 billion investment advisor. Shapiro was responsible for all aspects of the Iridian's trading operation including the strategic direction, technology, policies and procedures.
Founder & CEO
Larry Tabb is founder and CEO of TABB Group, the financial markets’ research and strategic advisory firm focused exclusively on capital markets. Founded in 2003 and based on the interview-based research methodology of “first-person knowledge” he developed, TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues.
Global Head of Equity Trading
Sanford C. Bernstein & Co.
Thomas R. Wright is a Senior Vice President and Global Head of Trading at Sanford C. Bernstein & Co., LLC. Tom joined the firm in August 2004 and is responsible for Equity Trading and Salestrading for the institutional sell side of Bernstein.