AQUA Names Chief Technology Officer.Senior Technology Executive, Brian Weston, Joins New Alternative Trading System NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Aqua, the new alternative trading system (ATS) offering block liquidity to the global equity markets, announced that Brian Weston, a seasoned professional with over 20 years of technical and business experience, has been appointed Chief Technology Officer. He reports to Kevin Foley, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aqua. Mr. Foley said, "Brian's challenge will be to develop technology that makes it safe and convenient to trade blocks again, to find liquidity for your large order whether the other side of your trade is an institution, a broker or even a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . Innovative, proprietary liquidity-seeking technology that is simple and easy to use is an important driver in our block equity electronic trading model. Brian's deep understanding of markets and his exceptional skills and experience managing the development of global trading systems will be an important asset as we continue to focus on building our system and meeting our clients' needs." Mr. Weston said, "What I find especially exciting about joining Aqua is the opportunity to develop new technology that facilitates the formation of block liquidity in ways that have never before been possible. Kevin is assembling a terrific team, and it's rewarding to be working with him again with this new vision and commitment to deliver what the marketplace wants." Prior to joining Aqua, Mr. Weston was Senior Vice President of New Markets Development with eSpeed, Inc., where he oversaw development of BGC BGC General Cable Corporation (stock symbol) BGC Billy Graham Center BGC Baptist General Conference (formerly Swedish Baptist Denomination) BGC Boys & Girls Club BGC Bubblegum Crisis Partners' Spot FX matching system, eSpeed's enhanced high-availability U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. trading system, BGC Partners' inter-dealer U.S. Treasury Repurchase Agreement Repurchase agreement An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. trading system, eSpeed's Spot FX trading system, and Freedom International Brokerage's Canadian Bond trading system. Earlier, Mr. Weston served as Global Development Manager for Bloomberg, focusing on the Tradebook, AutoEx, Message and API products. In this capacity, he was the lead designer, architect and implementer for Bloomberg Tradebook's Global Tradebook. He also served with Goldman Sachs & Co., where he designed and co-developed OMNI OMNI Omnidirectional OMNI Organising Medical Networked Information OMNI Opportunities for Micronutrient Interventions Project OMNI Operating Missions as a Node on the Internet (NASA networking project) , an object oriented, currency and commodities derivatives middle office system that supports processing of currency derivatives, and with D.E. Shaw & Co. in developing back office systems. Mr. Weston holds a B.S. from Purdue University and an M.S. from Yale University, and was an Engineering Duty Officer in the U.S. Navy Reserve. About Aqua Aqua is a new electronic trading platform focused on creating new pools of block liquidity for institutions, brokers, and hedge funds. Aqua is expected to seek necessary regulatory approvals globally to operate an alternative trading system. Based in New York, Aqua is owned by eSpeed, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ESPD ESPD Enfants En Situation Particulièrement Difficile (French) ESPD Engine Shutdown Protective Device ), a leader in developing and deploying electronic marketplaces and related trading, and by Cantor Fitzgerald, a leading financial services provider to the institutional equity and fixed income markets, both of which are contributing financial, professional, and technology assets to Aqua. For more information, please visit www.aquaequities.com. |
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