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ON THE MOVE: OTC Hires New CTO; Quotron Pioneer Passes Away
Traders Magazine Online News, February 28, 2017
OTC Exchange Network, an institutional trading network and technology provider, has announced that it has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company. As OTCXN’s CTO, Rasmussen will be responsible for overseeing all technical design, technological resources, and technology development. Additionally, he will assist in developing the company’s own distributed ledger technology. He joins OTCXN with years of experience leading custom, ground-up Blockchain implementations for leading global firms adopting distributed ledger tech, including Overstock.com’s T0 platform, NASDAQ, State Street, and many other globally recognized financial institutions. He will report to Rosario Ingargiola, the company’s Founder and CEO.
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- George Levine, a pioneer in the electronification of the financial markets who helped bring real-time market data to Wall Street and whose name is synonymous with the ‘green screen” or Quotron, died recently on Feb. 13 of natural causes at the age of 88, it was reported. Levine joined Scantlin Electronics, which electronically stored and retrieved stock market information, in 1963, a time when most people had to rely on newspapers to check stock prices on the New York Stock Exchange. The company changed its name in the 1970s to Quotron, the name of the ubiquitous terminal that displayed stock information on TV screens instead of ticker tape.
Dale Brooksbank
The former head of European trading at State Street Global Advisors has joined the Abu Dhabi Investment Authority (ADIA), according to someone familiar with the matter. Dales Brooksbank - who departed State Street in July last year - joined the authority in October 2016 as head of equities trading in ADIA’s central dealing department. He worked at State Street’s asset management arm for over 10 years and was responsible for managing the day-to-day trading and execution for the firm’s fixed income, currency and derivatives trading in Europe.
Fidessa group plc hired Chris Monnery is now the US Head of Product Marketing for Electronic Execution. His focus at Fidessa is on defining product strategy and client delivery. Monnery onboards from Citi, where most recently he ran North American Futures electronic trading. Prior to that he was at Morgan Stanley, and so brings experience spanning prime services across equities and derivatives. He is based in New York and reports to David Polen, Global Head of Electronic Execution.
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