Sterling Trading Tech Names FinTech & Capital Markets Industry Veteran Jennifer Nayar as President & Chief Executive Officer
Chicago, September 7, 2022 – Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced that Jennifer Nayar has been appointed President & Chief Executive Officer, effective immediately. Nayar most recently served as Chief Executive Officer of Vela Trading Systems, a leading independent provider of data and execution technology for global multi-asset electronic trading. Prior to joining Vela, Nayar spent over a year at REDI Global Technologies as its technology chief of staff and over four years at NYSE Technologies as Global Head of Market Data and Business Operations.
Farid Naib, STT’s former Chief Executive Officer, has stepped down from his role as CEO, but will remain involved as an advisor and shareholder.
“We are excited by the success that STT has achieved in recent years, and believe the company is poised to capitalize on a number of growth opportunities in front of it today,” states Sean Barrette, member of STT’s Board of Directors. “Jen brings deep, relevant industry expertise across the capital markets that can be leveraged to accelerate growth. She is a seasoned executive with an outstanding track record of transforming FinTech businesses, and we are thrilled to welcome an executive of her caliber to Sterling Trading Tech.”
“We would like to thank Farid for his dedication to and leadership at STT, and for overseeing the business throughout the last eight years. Farid has helped build the business to where it is today and has positioned STT to continue gaining market share,” Barrette added.
“It has been an honor to serve as the CEO of Sterling Trading Tech for the past eight years, I am proud of what the STT team and I have accomplished together,” Naib states. “Jen represents an ideal executive to continue STT’s legacy of growth and evolution.”
Under Nayar’s leadership, STT plans to continue making strategic growth investments in both its product and business development organizations, with the goal of adding additional capability, asset classes, and geographic coverage. STT will also be making technology investments including its next generation platform underway and will also seek out strategic acquisitions. Additionally, STT plans to continue its tradition of innovation and expansion of industry-leading technology solutions for the capital markets.
Nayar states, “STT is one of few independent FinTech firms that provides fully integrated solutions to the capital markets. I am excited to join the team to support the continued growth of the business, increase market presence and honor its commitment to serve and meet our clients’ needs.”
ABOUT STERLING TRADING TECH
Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, STT provides solutions tailored to clients’ needs. STT is committed to providing fast, stable technology along with outstanding customer service. STT provides trading platforms, OMS and risk products to its clients.
Source: Sterling Trading Tech