Derivix Names Industry Veteran Carrick Pierce President.Pierce Joins Executive Team to Drive Global Strategy for Options Trading Solutions Provider CHICAGO -- Derivix, a financial software company providing options pricing, portfolio risk visualization and analytics solutions, today announced that Carrick Pierce has joined the company as its new President. In this newly created position, Pierce will oversee business development, product strategy and global sales to support Derivix as it continues to grow in the dynamic U.S. options marketplace and beyond. Before joining Derivix, Pierce served as the Chief Information and Technology Officer at Parallax parallax (pâr`əlăks), any alteration in the relative apparent positions of objects produced by a shift in the position of the observer. In astronomy the term is used for several techniques for determining distance. Fund L.P, a trading firm that specializes in relative value volatility trading. "Carrick has the rare combination of quantitative strategy and technology know-how that's critical to address the quickly evolving options marketplace," said Jonathan Weedon, 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. and co-founder, Derivix. "With his diverse skill set, respected industry leadership and being a longstanding champion of the company, we're very excited to have him on board to support Derivix's expansion strategy." Prior to his role at Parallax Fund, Pierce served as infrastructure manager for the flow volatility desk at Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. and was also a partner in private equity at Aegis Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Earlier in his career, he was an options market maker on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. for a quantitative trading 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" , focusing on leading-edge options and volatility trading strategies. Pierce also studied computational finance at Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). and finance at Georgetown University. "Derivix has a unique opportunity to tap an underserved market for both buy- and sell-side traders. With its combination of multi-broker execution, top-notch analytics and trader-centric user interface, Derivix offers the best solution for customers seeking to understand risk exposures in real-time while maximizing trading opportunities across the entire U.S. options universe," said Pierce. Pierce will be available for interview at the 25th Annual Futures & Options Expo (FIA FIA feline infectious anemia. Expo) in Chicago from Oct. 21-22 in Derivix booth #220. To request additional information or to schedule a briefing, please contact: Katy Zack, kzack@articulatepr.com or 212.255.0800, ext. 11. About Derivix: Derivix (www.derivix.com) is a financial services software company providing options pricing, risk visualization and analytics solutions to the industry's leading options traders, sales traders and hedge funds. Derivix sets the new standard in analytics systems, offering customers the powerful tools they need to stay ahead in a rapidly evolving electronic marketplace. With a commitment to broker neutrality, Derivix provides customers the flexibility they need to fit solutions into any business structure. Founded in 2005, the company has offices in 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 , Boston and Silicon Valley. |
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