Former CTO Michael Bundy to Become Chi-X(R) CTO
NEW YORK, March 14 /CNW/ - Instinet, a global agency broker and
independent subsidiary of Nomura Holdings, Inc., today announced the promotion
of Christopher Rogers to Chief Technology Officer. Mr. Rogers, previously
Chief Software Architect of the firm, will succeed Michael Bundy, who was
today named CTO of Chi-X(R), Instinet's new pan-European equity alternative
trading system (see separate announcement).
Mr. Rogers has worked on numerous software development projects since
joining Instinet in August 2003. Most recently, he led the development of
Instinet's new core trading back end and the migration to it of the firm's
various trading products, including Newport(TM), Instinet Trading Portal(R)
and Instinet's suite of algorithms and its crossing networks. He was also one
of several key technologists that built the systems that powered the Island
and Inet ECNs, which now underlie the entire Nasdaq Stock Market following its
2005 acquisition of Inet.
"Chris is one of the most talented technologists in the business," said
Alex Goor, co-CEO of Instinet. "While Instinet will most assuredly miss Mike
Bundy's numerous contributions, I know that we will be in extremely capable
hands moving forward."
"I am tremendously excited to lead Instinet's technology team. Our
ongoing efforts to refine Instinet's rich global platform should yield many
new offerings this year," said Mr. Rogers.
Prior to joining Instinet, Mr. Rogers worked on the development of the
MarketXT platform while at Tradescape Technologies and, before that, led the
development of several other notable trading systems. Additionally, Mr. Rogers
has held software development positions at UBS Warburg, Morgan Stanley and
Mail.com, and is a graduate of Stevens Institute of Technology.
Instinet, through its subsidiaries, acts as a global agency broker,
providing the trading expertise and advanced technology necessary to
successfully interact with more than 50 securities markets worldwide. Acting
solely as an agent for its customers, Instinet seeks to improve institutional
investment performance and lower overall trading costs through its various
front-end trading systems, securities crossing networks, algorithms,
commission management programs and investment research products. The company,
which is an independent subsidiary of Nomura Holdings, Inc., is headquartered
in New York and maintains offices in North America, Europe and the Asia
Pacific region. For more information, please visit www.instinet.com. Instinet
conducts its U.S. institutional brokerage business primarily through Instinet,
LLC, member NASD/SIPC.
(C)2007 Instinet, LLC. All rights reserved. INSTINET is a registered
service mark in the United States and in other countries throughout the world.
Instinet, LLC is a member of NASD/SIPC.
For further information:
For further information: Media Relations: Mark Dowd, 212-310-5331