Rostin Behnam, Commissioner, CFTC
Rostin Behnam was sworn in as the CFTC’s 15th Chairman on January 4, 2022 after being unanimously confirmed by the U.S. Senate. President Biden nominated Chairman Behnam to lead the agency. Previously, Chairman Behnam served as CFTC Commissioner since September, 2017. The members of the Commission elected Commissioner Behnam as Acting Chairman effective January 21, 2021.
Chairman Behnam’s arrival at the CFTC followed extensive experiences in financial and agricultural markets. As Senior Counsel to Senator Debbie Stabenow of Michigan, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, he primarily focused on policy and legislative matters related to the CFTC and the U.S. Department of Agriculture, agencies within the direct jurisdictional purview of the Committee. Chairman Behnam’s major responsibilities included advising Senator Stabenow on the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related matters affecting the Treasury Department, the U.S. prudential regulators, and the Securities and Exchange Commission.
After graduating from Georgetown University, Chairman Behnam worked as a proprietary equities trader in New York City before pursuing a Juris Doctorate at Syracuse University. During his legal studies, Chairman Behnam interned with the CFTC’s Division of Enforcement in the New York Regional Office.
Upon graduation, he returned to his home state of New Jersey and joined the Bureau of Securities within the state’s Office of the Attorney General. Following his time with the Bureau of Securities, Chairman Behnam practiced law in New York City.
Hester Peirce, Commissioner, U.S. Securities and Exchange Commission
Hester M. Peirce was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018.
Prior to joining the SEC, Commissioner Peirce conducted research on the regulation of financial markets at the Mercatus Center at George Mason University. She was a Senior Counsel on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where she advised Ranking Member Richard Shelby and other members of the Committee on securities issues.
Commissioner Peirce served as counsel to SEC Commissioner Paul S. Atkins. She also worked as a Staff Attorney in the SEC’s Division of Investment Management. Commissioner Peirce was an associate at Wilmer, Cutler & Pickering (now WilmerHale) and clerked for Judge Roger Andewelt on the Court of Federal Claims.
Commissioner Peirce earned her bachelor’s degree in Economics from Case Western Reserve University and her JD from Yale Law School.
Rep. Bryan Steil (WI), U.S. House of Representatives
First elected in 2018, Congressman Bryan Steil represents Wisconsin’s First Congressional District in the U.S. House of Representatives. In 2023, Congressman Steil was appointed Chairman of the Committee on House Administration. This committee oversees Federal election law, House of Representatives operations, Legislative Branch oversight, and Capitol Security. Congressman Steil previously served as Ranking Member on the Elections Subcommittee.
Prior to being elected to Congress, Congressman Steil spent a decade working in Wisconsin’s manufacturing industry – first with an industrial motion control manufacturer in Beloit, WI and later at a local plastics manufacturer in Milton, WI. In 2016, Congressman Steil was appointed by the Governor of Wisconsin and unanimously confirmed in the Wisconsin Senate to serve on the University of Wisconsin Board of Regents.
Congressman Steil graduated from Georgetown University and the University of Wisconsin-Madison Law School.
Rep. Ann Wagner (MO), Chair, United States House Financial Services Subcommittee on Capital Markets
As the representative from Missouri’s 2nd District, Congresswoman Wagner serves on both the House Financial Services Committee and House Foreign Affairs Committee, and she is the Chair of the Financial Services subcommittee on Capital Markets. During her time in Congress, Congresswoman Wagner has authored bills such as the Retail Investor Protection Act, which protects access to retirement savings for middle class families.
In 2005, following nomination by President Bush and confirmation by the U.S. Senate, Congresswoman Wagner was sworn in as the 19th U.S. Ambassador to Luxembourg by Secretary of State Condoleezza Rice. She served as U.S. Ambassador for four years before returning to her home in Ballwin, Missouri.
Congresswoman Wagner received her Bachelor of Science in Business Administration with an emphasis in Logistics from the University of Missouri-Columbia.
Robert Cook, President and CEO, FINRA
Robert W. Cook is President and CEO of FINRA, and Chairman of the FINRA Investor Education Foundation.
From 2010 to 2013, Mr. Cook served as the Director of the Division of Trading and Markets of the U.S. Securities and Exchange Commission. Under his direction, the Division’s professionals were responsible for regulatory policy and oversight with respect to broker-dealers, securities exchanges and markets, clearing agencies and FINRA. In addition, the Division reviewed and acted on proposed rule filings from self-regulatory organizations, including the securities exchanges and FINRA, and was responsible for implementing a range of initiatives and studies generated by the Dodd-Frank and JOBS Acts. He also directed the staff’s review of equity market structure.
Immediately prior to joining FINRA, and before his service at the SEC, Mr. Cook was a partner at Cleary, Gottlieb, Steen & Hamilton, LLP, based in Washington, DC. His practice focused on the regulation of securities markets and market intermediaries, including securities firms, exchanges, alternative trading systems and clearing agencies. During his years of private practice, Mr. Cook worked extensively on broker-dealer regulation, advising large and small firms on a wide range of compliance matters.
Mr. Cook earned his J.D. from Harvard Law School in 1992, a Master of Science in Industrial Relations and Personnel Management from the London School of Economics in 1989, and an A.B. in Social Studies from Harvard College in 1988.
Dalia Blass, Partner, Sullivan & Cromwell LLP
Dalia Blass is the Senior Investment Management Partner and a partner in S&C’s Financial Services Group. Her practice focuses on providing strategic and regulatory advice to asset managers, registered and private funds, fund boards and their service providers across the range of regulatory, governance, compliance, examination and enforcement matters they face. She has a unique and deep expertise in the intricate legal, risk and compliance issues raised by existing and new regulation under the Investment Company Act and the Investment Advisers Act, including with respect to the design and structuring of innovative fund products and addressing challenging governance matters. Her leadership in these areas support clients as they navigate the increasingly complex global, federal and state regulatory landscape facing asset managers.
Ms. Blass joined the Firm in 2023 from BlackRock, where she was Senior Managing Director, Global Head of External Affairs and a member of BlackRock’s Global Executive Committee. At BlackRock she led teams that managed the firm’s key regulatory, policy and reputational challenges and opportunities, including with respect to the firm’s sustainability priorities.
Prior to BlackRock, Ms. Blass served as the Director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC). Under her leadership, the Division of Investment Management finalized more than 70 regulatory initiatives to modernize the regulatory framework for investment companies and investment advisers, improve the investor experience through modernized disclosure and outreach efforts, elevate the standards of conduct for financial professionals, and re-evaluate the role and responsibilities of fund boards of directors.
Ms. Blass previously served in a number of leadership roles in the Division of Investment Management for a total of 14 years at the SEC. She has received the SEC’s Distinguished Service Award and the Manuel F. Cohen Award and was also named in Barron’s inaugural list of the 100 Most Influential Women in U.S. Finance.
Tal Cohen, President, Market Platforms, Nasdaq
Tal Cohen is President of the Market Platforms business at Nasdaq. In this capacity, he is responsible for client relations and driving growth across cash equities, derivatives, commodities and trade management services across Nasdaq’s U.S. and Canadian businesses.
Prior to joining Nasdaq in April 2016 as the Senior Vice President of North American Equities, Mr. Cohen was the Chief Executive Officer of Chi‐X Global Holdings, LLC from 2010 to 2016. From 2008 to 2010, he served as CEO of Chi‐X Americas.
Prior to joining Chi-X, Mr. Cohen held several senior leadership roles at INSTINET, including Senior Vice President of Business Development and Product Strategy, and Co‐head of electronic trading for North America, from 1999-2008. Before joining Instinet, he served as M&A Manager at American Express, building out its strategic investment portfolio. Mr. Cohen started his career at Arthur Andersen as an Auditor and Senior Business Advisor focused on the Financial Services and Telecom industries. From 2009-2016, Mr. Cohen served as a Director on the Investment Industry Regulatory Organization of Canada (IIROC) Board. He additionally served as a Director on the Canadian Depository for Securities (CDS) Board from 2013-2016.
Mr. Cohen holds a B.A. from SUNY Albany, an M.B.A. from New York University’s Stern School of Business, and is a Certified Public Accountant. He also holds FINRA Series 24, 7 and 63 licenses, the CSI Partners, Directors, and Senior Officers Designation (PDO).
Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer, Robinhood
Dan Gallagher is Chief Legal, Compliance and Corporate Affairs Officer of Robinhood Markets. Prior to joining Robinhood, Mr. Gallagher was Partner and Deputy Chair of the Securities Department at WilmerHale. He served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) from 2011 to 2015 and held several other positions on the SEC staff prior to being appointed commissioner. Mr. Gallagher previous experience includes serving as the Chief Legal Officer at Mylan N.V., a leading global pharmaceutical company, and as a President of a financial services consulting firm. Mr. Gallagher holds a J.D. from The Catholic University of America, Columbus School of Law and a B.A. from Georgetown University.
Jonathan Kellner, CEO, MEMX
Jonathan Kellner joined Members Exchange (MEMX) in February 2019 as CEO and the company’s first employee with responsibilities for strategic vision, management and execution. Under his leadership, the company has grown to 50 people, received SEC approval to operate a U.S. equity exchange and, while working remotely, developed a simple, transparent and efficient market model with a goal of serving all investors. MEMX has raised more than $135 million since inception from a diverse and influential group of sell-side, buyside, retail and independent market participants.
Before joining MEMX, Mr. Kellner was CEO at Instinet Inc., leading a global team of 800 people for nearly five years at the institutional agency-only broker and independent equity trading arm owned by Nomura Holdings. He previously served as President for more than six years.
Mr. Kellner spent a total of 15 years under the Nomura umbrella, including four years as Head of U.S. Sales Trading at the parent firm before moving to Instinet. Previously, he held technology and equity trading roles at global financial services firms such as Charles Schwab and Morgan Stanley. An avid sports fan and basketball player, Mr. Kellner holds a bachelor’s degree in mechanical engineering from the University of Michigan.
Bob Pisani, Senior Markets Correspondent, CNBC
A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for over 25 years. Mr. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming On-Air Stocks Editor in 1997. In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.
Mr. Pisani is also the author of “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange,” which tells a series of captivating stories that reveal what he has learned about life and investing.
In 2017, he was honored with a Lifetime Achievement Award from the Security Traders Association of New York for “dedication to the Association and the Industry.”
In 2013, Mr. Pisani won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, “The Diamond Rush.” In 2014, he was honored with a Recognition Award from the Market Technicians Association for “steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting.”
In 2010, Mr. Pisani was a Webby Award Honoree from the International Academy of Digital Arts & Sciences for ‘Best Business Blog.’
Prior to joining CNBC, Mr. Pisani co-authored “Investing in Land: How to Be a Successful Developer.” He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Mr. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
Michael Piwowar, Executive Vice President, MI Finance, Milken Institute
Michael S. Piwowar, PhD, is the executive vice president of finance. Mr. Piwowar served as a commissioner at the US Securities and Exchange Commission (SEC) from August 15, 2013, to July 6, 2018. He was first appointed to the SEC by President Barack Obama and was designated acting chairman of the commission by President Donald Trump from January 23, 2017, to May 4, 2017. He was previously the Republican chief economist for the US Senate Committee on Banking, Housing, and Urban Affairs under Senators Mike Crapo (R-ID) and Richard Shelby (R-AL) and served as the lead Republican economist on the four SEC-related titles of the Dodd-Frank Act and the JOBS Act. During the financial crisis and its immediate aftermath, Mr. Piwowar served in a one-year fixed-term position at the White House as a senior economist at the President’s Council of Economic Advisers in both the George W. Bush and Barack Obama Administrations. Before joining the White House, Mr. Piwowar worked as a principal at the Securities Litigation and Consulting Group. He received a BA in foreign service and international politics from the Pennsylvania State University, an MBA from Georgetown University, and a PhD in finance from the Pennsylvania State University.
Elad L. Roisman, Partner, Cravath, Swaine & Moore LLP
Elad Roisman is a member of the Corporate Governance and Board Advisory Practice and the Financial Institutions Group (FIG) Practice. Prior to joining Cravath, Mr. Roisman was a Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission (SEC).
Mr. Roisman represents clients on a broad range of complex regulatory and strategic matters. His practice includes advising public and private companies and other SEC registrants on disclosure, compliance, ESG and general corporate law matters.
Mr. Roisman joined the SEC from the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he served as Chief Counsel. In that role, and as Securities Counsel on the Committee, he advised multiple Committee Chairmen as well as members of the Committee, on securities, financial regulation, and international financial matters. Mr. Roisman worked on drafting several pieces of legislation that became law and played an integral role in the drafting and negotiation of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
Before working in the Senate, he served as Counsel to SEC Commissioner Daniel M. Gallagher, focusing on enforcement and policy relating to the U.S. equity and fixed income markets, the asset management industry, and international regulation of capital markets. Prior to joining the SEC, he held positions as a Chief Counsel at NYSE Euronext and as an associate at the law firm of Milbank, Tweed, Hadley & McCloy LLP in New York.
Mr. Roisman earned his bachelor’s degree in History at Cornell University and his juris doctorate at the Boston University School of Law.
Matt Andresen, Co-Founder and CEO, Headlands Technologies
Matthew Andresen is the co-founder and CEO of Headlands Technologies LLC, a global quantitative proprietary trading firm headquartered in Chicago, with offices in New York, Austin, Amsterdam and Singapore. Mr. Andresen was previously the co-CEO of Citadel Derivatives Group (“CDG”), an affiliate of Citadel Investment Group, LLC in Chicago. Prior to Citadel, he was the President and CEO of Island ECN, the largest fully electronic stock market in the U.S. Under his leadership, Island grew from a start-up into the largest market for the trading of Nasdaq-listed stocks, ETF, securities, and many NYSE-listed names. Island was purchased by Nasdaq for $1 billion.
Mr. Andresen served on the SEC’s Equity Market Structure Committee (“EMSAC”), as well as the SEC’s Fixed Income Market Structure Committee (“FIMSAC”), and was the only person appointed to both bodies. He has appeared as an expert before U.S. Congressional Committees dozens of times, testifying on a wide array of trading-related topics.
Mr. Andresen holds a B.A. from Duke University. A former world-class Fencer, he was a National Champion, a four-time All-America, and a candidate for the 1996 U.S. Olympic Team. He was a 2013 inductee into the Duke Athletics Hall of Fame. He lives in Austin.
Dr. James Angel, Associate Professor, Georgetown University
Professor Angel specializes in the market structure and regulation of global financial markets, and he has visited over 75 financial exchanges around the world. He teaches undergraduate, MBA, and executive courses, including Fintech, and Investments. ”Dr. Jim” has testified before Congress about issues relating to the design of financial markets. In addition, he has been quoted in hundreds of newspaper articles and has appeared numerous times on radio and television. Professor Angel began his professional career as a rate engineer at Pacific Gas and Electric, where he worked on FERC and CPUC related issues. Along the way he has also worked at BARRA (later part of Morgan Stanley) where he developed equity risk models. He has also served as a Visiting Academic Fellow in residence at the National Association of Securities Dealers (NASD – now FINRA) and also as a visiting economist at the Shanghai Stock Exchange. He has also been chairman of the Nasdaq Economic Advisory Board, a member of the OTC Bulletin Board Advisory Committee, and has served on the board of directors of the Direct Edge Stock Exchanges (later part of BATS Global Markets). From 2012-2014 he was a visiting associate professor at the Wharton School of the University of Pennsylvania. Professor Angel is a co-inventor on 12 fintech patents.
Ana Avramovic, Head of Market Structure Analysis, Bank of America Merrill Lynch
Ana Avramovic is the Head of Market Structure Analysis at Bank of America Merrill Lynch.
Prior to joining BofA, she was the Director of Market Structure Trading Strategy at Credit Suisse, and before that worked in volatility arbitrage and credit derivatives structuring at a quantitative hedge fund. Her work has been frequently cited in the media, including in print publications such as the WSJ, the Financial Times, and popular books, as well as on CNBC and Bloomberg.
Ms. Avramovic holds an MS degree in Financial Mathematics and a BS degree in Electrical Engineering (Computer Science specialty), both from Stanford University. She is also a CFA charterholder.
Will Bartlett, CEO Parallax Volatility Advisers
Will Bartlett is Parallax Volatility Advisers’ CEO. Mr. Bartlett has been involved with equity options since 1995 and has been with Parallax since 1996. In his more than 25 years at Parallax, he has played an active role in transforming the firm from a small, floor-based equity options trading operation into a large participant in the global volatility market. Prior to joining Parallax, Mr. Bartlett worked on the floor of the Pacific Coast Exchange while earning his bachelor’s degree in economics from the University of California, Berkeley. Mr. Bartlett proudly serves on the Board of Trustees of The Hamlin School and San Francisco University High school and the Board of Governors of Boys & Girls Clubs of San Francisco.
Andy Bevers, Vice President and Head of Derivatives Account Coverage, Cboe Global Markets
Andy Bevers is a Vice President and the Head of Derivatives Account Coverage for Cboe Global Markets, where he has worked since August of 2019. Prior to coming to Cboe, Mr. Bevers was a Vice President at Goldman Sachs within GSET (Goldman Sachs Electronic Trading) for almost 25 years where he oversaw coverage for some of the largest and most sophisticated options focused clients of the firm. Mr. Bevers began his career on the floor of the Cboe as a clerk and floor broker in the mid-90’s, and coming back to Cboe has allowed his career to come full circle. Mr. Bevers graduated with a bachelor’s in finance from National-Louis University in 2012 and received his MBA from Roosevelt University in 2014.
Matt Billings, VP of Brokerage and President, Robinhood Financial and Robinhood Securities, Robinhood
Mr. Billings began his career on the exchange floors in Chicago more than 30 years ago. His long-standing and hands-on experience in the mechanics of trading, coupled with extensive industry engagement and regulatory insight, fuel Mr. Billings’ unique perspective on how the markets operate and impact traders and investors.Mr. Billings recently joined Robinhood Markets as President of Robinhood Financial and Robinhood Securities. Prior to Robinhood, Mr. Billings worked on Two Sigma Securities’ Wholesale Market Making team. His areas of oversight included the trade/service desks as well as client relationships. Mr. Billings also focused on market structure, and in particular market data. Prior to Two Sigma Securities, Mr. Billings led the team overseeing market data at TD Ameritrade. He managed all aspects of the firm’s market data strategy as well as contributed to the areas of government relations and market structure. Before TD Ameritrade, Mr. Billings managed Trading Services for Scottrade for over 10 years, accountable for several areas including order routing & execution quality and market data. Mr. Billings is an active member of several trade organizations including STA, FIF & SIFMA. He maintains his Series 7, 4, 24, 57 and 63 registrations, completed an Executive Leadership Development course through Washington University, completed the three-year Securities Industry Institute course sponsored by SIFMA and The Wharton School, and earned a Bachelor’s degree from Saint Norbert College in De Pere, Wis., and a Masters of Business Administration degree from DePaul University in Chicago.
Reggie Browne, Principal, GTS
As a Principal of GTS, Mr. Browne directs the strategy, vision and customer engagement of GTS customer business within the strategic partnership with Mischler Financial. Mr. Browne has more than 30 years of experience in equities, equity derivatives market making and client management. Mr. Browne has spent the last 20 years helping clients build and grow their business.
Prior to GTS, Mr. Browne was a Senior Managing Director and Co-Head of the ETF Group at Cantor Fitzgerald & Co. Mr. Browne has held senior leadership roles at NewEdge USA, Susquehanna International Group and O’Connor Associates; Mr. Browne has advised Asset Managers on the delivery of investment products to the market place and has played a significant role in the development of the United States Exchange Traded Funds industry.
Mr. Browne earned his Bachelor’s degree in Business Administration from La Salle University; he currently serves as a trustee. Mr. Browne also serves on a number of non-profit boards largely centered on the arts.
Giang Bui, Head of U.S. Equities and ETPs, Nasdaq
Giang Bui is Head of U.S. Equities and ETPs at Nasdaq, where she is responsible for developing and executing the strategic vision for Nasdaq’s ETP business. Prior to joining Nasdaq, she was a Director of Listings at Cboe Global Markets, where she was focused on ETP business development, liquidity programs, and strategic initiatives. Prior to joining Cboe, Ms. Bui played a key role in developing and marketing new indexes at the New York Stock Exchange. She began her career as a Business Analyst for NYSE’s Global Index and Exchange Traded Products group. Ms. Bui has a Bachelor of Arts degree in Mathematics and Economics from Lafayette College.
Tracy Caliendo, Managing Director, Head of Global Commission Management and Hedge Fund Services, Bank of America Securities
Tracy Caliendo is Managing Director, Head of Global Commission Management and Hedge Fund Services at Bank of America Securities. Ms. Caliendo provides a multi-channel program including high touch, electronic, options, and portfolio trading to optimize commission spend and best execution. In addition, Ms. Caliendo is responsible for increasing the hedge fund market share in the Equities Division through relationship management, client branded events, and sales strategy. Prior to joining the firm in 2013, Ms. Caliendo was co-head of Americas Electronic Trading at Goldman Sachs. She joined Goldman Sachs in 1997 as an analyst, working in Prime Brokerage where she was responsible for managing hedge fund account relationships. In 2000, Ms. Caliendo joined the Electronic Trading Group, which focused on the development of the firm’s e-commerce business model. Ms. Caliendo was named managing director in 2009. Tracy and her husband have 5 children and live in New York City.
Jessica D’Alton, Executive Director, Head of Market Structure & Liquidity Strategy, Americas
Jessica D’Alton is the Head of Americas Market Structure and Liquidity Strategy at UBS, based in New York. She advises both clients and internal groups on market structure, liquidity trends and regulatory changes. Ms. D’Alton is a member of IEX’s Quality of Markets Committee, Cboe’s Equity Advisory Committee and New York Stock Exchange and NYSE American Director Candidate Recommendation Committees.
Prior to her current role, she was on the Equities Advisory Compliance team where she provided real-time guidance to trading desks on regulatory requirements, rule changes and interpretations. Ms. D’Alton joined UBS in 2011 from Alliance Bernstein where she spent four years at the firm. There she worked in Client Services where she acted as a liaison between portfolio managers and advisors to ensure client investment objectives were met and Trade Compliance where she was responsible for monitoring guidelines for 1940 act mutual funds.
Mark Davies, Co-Founder and CEO, S3
Mark Davies is Co-Founder and CEO of S3, a full–service compliance and trade analytics software company that services many of the world’s largest financial institutions and exchanges. Mr. Davies is responsible for the company’s overall business strategy, as well as the daily operations required to deliver an exceptional experience to S3’s valued clients.
S3 was founded in 2001 and discovered its niche after launching its first trading analytics product in 2004. Since then, Mr. Davies has shaped S3 to become the trusted industry standard for international regulatory reporting, 605 / 606 reporting, trade surveillance, CAT, TCA, and best execution analytics across multiple asset classes.
Mr. Davies is an industry thought leader in market structure and regulatory requirements, particularly the SEC’s Rule 606. He is Co-Chair of the FIF Rule 606 Committee and a member of several other industry groups, including the STA Listed Options Committee, the Security Traders Association of NY, the Dallas Security Traders Association, and SIFMA. He lives in Austin, Texas with his wife and three children.
Mark Dowd, Managing Partner, Forefront Communications
Over his 20+ year career, Mr. Dowd has worked with a wide swath of institutional fintech brands on projects spanning the marketing and communications spectrum. Prior to founding Forefront, Mr. Dowd built REDI’s marketing platform following its spinout from Goldman Sachs. Before that, he spent nearly a decade as global head of marketing and communications for Nomura’s Instinet subsidiary, helping reposition its brand from ECN to technology-enabled agency broker. Along the way he also helped launch the firm’s Chi-X exchange businesses globally.
In his free time, Mr. Dowd enjoys hiking throughout the Catskills with his wife and two kids. Mr. Dowd received his BS in Public Relations from Boston University.
Stephanie Dumont, Executive Vice President & Head of Market Regulation and Transparency Services, FINRA
Stephanie Dumont is Executive Vice President & Head of Market Regulation and Transparency Services at FINRA. Working closely with the SEC and the exchanges, FINRA’s Market Regulation and Transparency Services Department conducts extensive oversight of the securities markets to protect investors and preserve market integrity. In addition to FINRA’s regulatory responsibilities for the entire over-the-counter market, its cross-market program covers 100 percent of U.S. equity market activity and approximately 45 percent of options contract volume. The Department combines examinations of member firms and innovative automated surveillance that assesses billions of market events each day to identify potential manipulation or fraud, and to supervise firms’ compliance with FINRA rules and federal securities laws.
Previously, Ms. Dumont was Senior Vice President and Director of Capital Markets Policy for FINRA’s Office of General Counsel, where she was responsible for leading the development and interpretation of FINRA rules for market regulation, and for providing legal and policy advice to FINRA management and staff. Among other areas, she was responsible for leading the policy and rulemaking legal team addressing trading and customer order handling practices, order audit trails, and market structure for equity, options, and fixed income securities.
Prior to joining FINRA’s Office of General Counsel, Ms. Dumont was Director of Compliance for a broker-dealer compliance consulting firm. Prior to that position, Ms. Dumont conducted investigations for NASD’s Market Regulation Department in areas such as insider trading, fraud, short selling, and options. Ms. Dumont earned her B.S. in Finance and Management from the University of Virginia and her J.D. from the University of Virginia School of Law. She also earned her LL.M., with distinction, in Securities and Financial Regulation from Georgetown University Law Center.
David Fay, Derivatives Operations Specialist, Piper Sandler
David Fay is currently the Derivatives Operations Specialist at Piper Sandler & Co. He has been a pivotal member of the sell side Agency only desk that has grown more than 25% a year. Prior to his role at Piper Sandler, Mr. Fay was head of trading operations at Cornerstone Macro. After graduating from Carnegie Mellon, Mr. Fay worked for 15 years on the American Stock Exchange for an options market making firm where he excelled as a specialist and operations manager. Mr. Fay lives in Brooklyn, New York with his wife and two children, and enjoys his weekends with his family up in the Catskills.
Heidi Fischer, Managing Director and President, U.S. Equity Trading, TMX Group
Heidi Fischer is Managing Director and President, U.S. Equity Trading, TMX Markets. In this new role, Ms. Fischer is responsible for leading TMX Markets’ strategic expansion into the US. She provides direction and oversight for TMX’s US trading initiatives, aligning with the firm’s corporate strategy and its purpose of making markets better and empowering bold ideas.
Prior to this role, Ms. Fischer was the Co-Head of Execution for the Americas at Instinet, LLC where she shared responsibility for leading the trading, sales trading, sales, and supervision efforts of all of the Instinet Execution products. Heidi spent over 15 years at Deutsche Bank, where she held various roles across the program trading and electronic businesses. Before her trading career, Ms. Fischer spent four years in litigation consulting at Tucker Alan, Inc.
Ms. Fischer holds a Master of Business Administration degree in Finance and Management from the Stern School of Business at New York University and a Bachelor of Science degree in Finance from the Kelley School of Business at Indiana University. She maintains Series 3, 7, 24, 55, 63 registrations with FINRA.
Ms. Fischer sits on the Board of the National Organization of Investment Professionals (NOIP) and is a Founding Board Member of the NOIP Foundation. Previously, Ms. Fischer has sat on the IEX Quality Markets Committee, the MEMX Nominating Committee, and is the Fair Representative on the Board of the NYSE Chicago Exchange.
Tim Flynn, Co-Head of US Sector Trading, Fidelity Investments
Tim Flynn has been a member of Fidelity’s Equity Trading team since he joined Fidelity as an experienced hire in 2010. Mr. Flynn began his career in New York working for Goldman Sachs where he was a Commodity Sales/Trader covering Macro dedicated Hedge Funds. He then transitioned to Visium Asset Management, a Health Care dedicated Hedge Fund where he traded Options and Equities while managing the firms Futures business. At Fidelity, Mr. Flynn is currently Co-Head of US Sector Trading, where he oversees trade execution strategies and broker relationships. Originally from Albany, NY, he now resides in the South Shore of Massachusetts where he spends his free time coaching numerous youth sports for his two sons and serves on the town Little League Board.
Jillien Flores, Executive Vice President, Managing Director, Head of Global Government Affairs, Managed Funds Association
Jillien Flores serves as Executive Vice President, Managing Director, Head of Global Government Affairs at Managed Funds Association (MFA). Jillien Flores leads MFA’s Global Government Affairs. In this role, she develops and executes MFA’s advocacy strategies to advance the ability of alternative asset managers to raise capital, invest, and generate returns for their beneficiaries.
Since joining MFA in 2021, Flores has created a more favorable public policy environment for alternative asset managers in the U.S., U.K., and E.U. In the U.S., Flores informs policymakers and their staff about the industry’s significant contributions to local communities and the global economy and push back against proposals that would harm managers, investors, and everyday Americans. Abroad, she spearheaded MFA’s expansion in Brussels to push back against harmful EU rules and in London to shape the future of the U.K.’s capital markets post-Brexit.
Flores joined MFA after six years at Vanguard, one of the world’s leading asset managers. There, she advocated on a range of issues related to US capital markets, tax, and retirement policy. In leadership roles at Vanguard, Flores advanced diversity, equity, and inclusion within the organization and the financial services sector.
Prior to joining Vanguard, Flores represented clients before Congress and federal financial regulators as a Director of Government Relations at Porterfield, Lowenthal, Fettig & Sears. She was involved in the legislative and rule-writing process for several financial services laws and regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Jumpstart Our Business Startups Act.
Jessica Giroux, General Counsel and Head of Fixed Income Policy, American Securities Association
As General Counsel and Head of Fixed Income Policy at the American Securities Association, Jessica Giroux oversees ASA’s legal, regulatory and fixed income affairs. Before joining ASA, Ms. Giroux was Director of Government and Public Affairs at the Municipal Securities Rulemaking Board (MSRB) where she was responsible for developing and implementing the organization’s external relations.
Prior to joining MSRB, Ms. Giroux served as Director of Governmental Affairs at the National Association of Bond Lawyers (NABL). There, she led advocacy efforts including anticipating and responding to federal legislative and regulatory activities that impacted the public finance industry including tax reform, municipal securities disclosure, and regulatory proposals.
She also served as General Counsel and Managing Director for the Bond Dealers of America (BDA) where she was responsible for member engagement and advocacy with federal regulators and Capitol Hill in addition to leading the research, analysis, and information collection of regulatory initiatives with MSRB, FINRA, the U.S. Securities and Exchange Commission (SEC) and the Department of the Treasury.
Ms. Giroux obtained a bachelor’s degree in political science from the State University of New York at Albany and a law degree from Albany Law School of Union University. She is admitted to the New York State and U.S. Supreme Court Bars.
Adam Gould, Managing Director, Global Head of Equities, Tradeweb
Adam Gould is a Managing Director and Global Head of Equities at Tradeweb, a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. He oversees Tradeweb’s global institutional equities electronic trading platform for ETFs, options, ADRs and convertible bonds, as well as its wholesale equity derivatives dealer-to-dealer platform, Dealerweb. Previously, he served as Senior Vice President of ETF Sales and Business Development at Direxionshares, where he helped launch ETF trading, building and managing client relationships among institutional investors to support the expansion of the business. Prior to that, Mr. Gould was a Portfolio Manager and trader in the Index Fund Asset Management group at the Bank of New York, helping to manage index funds and separately managed accounts. In that role, he also oversaw all trading activity and investment decisions for his portfolios. Mr. Gould received a B.Sc. in Behavioral Science and Law from the University of Wisconsin and an MBA from Georgetown University. He current holds licenses for the FINRA Series 3, 7, 24, 55 and 63.
Mark Govoni, CEO, Liquidnet
Mark Govoni was appointed CEO of Liquidnet in April 2022. Mr. Govoni joined TP ICAP from Instinet, a firm he joined in 2012 and where he served most recently as President of U.S. Brokerage, having previously held the role of Head of U.S. Sales Trading. Prior to Instinet, Mr. Govoni was a Managing Director at Nomura Securities International, responsible for U.S. Execution Services. Earlier in his career, he held senior Programme and Electronic Sales trading positions at Merrill Lynch.
Jenny Hadiaris, Head of Global Market Structure, TD Cowen
Jenny Hadiaris is the Head of Global Market Structure at TD Cowen, serving as a leading expert in equities regulation, trading technology, execution consultancy, liquidity dynamics and market microstructure. She also runs TD Cowen’s U.S. electronic trading coverage team, a group of sales traders covering institutional clients globally. In this role, she serves on the Operating Committee of the firm’s Markets division as well as the Markets Management Committee. She is also a co-lead of the TD Cowen Network of Women.
Prior to TD Cowen, Ms. Hadiaris was with Deutsche Bank where she led the market structure team as the Head of Global Market Structure, Americas. There, she launched the Americas market structure product which covered clients across the Americas, EMEA, and Asia Pacific. Prior to that, she spent ten years at RBC Capital Markets where she acted in a similar capacity and served from 2010 to 2015 as Director, Global Head of Market Structure.
Ms. Hadiaris serves on the board of the National Organization of Investment Professionals and has been a member of the MEMX Exchange Board since 2020. She has served on the Board of Directors for The Pink Agenda, the Board of Associates at the Ronald McDonald House of New York, and the Board of Trustees of Thornton Academy in Maine. In 2021, Ms. Hadiaris established Abe’s Fund at Maine Medical Center, which provides direct care to pediatric Cystic Fibrosis patients. She graduated from Harvard University with a BA in Psychology.
Bryan Harkins, Rock Advisory
Bryan Harkins has held a number of leading roles across asset classes and industries over the past two decades. Most recently, he was Chief Revenue Officer at Trumid, overseeing the firm’s growth and customer acquisition strategies. Bryan previously served as President of BIDS Trading and Executive Vice President, Head of Markets for Cboe Global Markets, joining the firm in 2017 as
part of the BATS Global Markets acquisition. At BATS, he led the competitive strategy of the equities business and grew ETF listings into one of the largest ETF franchises in the world. He also tripled U.S. options market share and guided the rapid growth of BATS’ FX business. Bryan joined BATS in 2014 when it acquired Direct Edge Holdings, where he was a founding employee and Chief Operating Officer.
Bryan also co-founded and co-hosts the annual Wall Street Rides FAR cycling event with his wife, fellow industry professional Melissa Harkins. The Ride supports the Autism Science Foundation (ASF), where he sits on the Board of Directors, and its work to fund innovative autism research. Bryan’s charitable work, particularly with the Ride, has brought together both colleagues and competitors from around the globe in an industry-wide effort to support a noble cause.
Jon Herrick, Chief Product Officer, NYSE
Jon Herrick is the Chief Product Officer for the New York Stock Exchange, a part of Intercontinental Exchange (NYSE: ICE), responsible for product development and innovation across all areas of the exchange’s business. In his role, Mr. Herrick oversees the NYSE’s transactions and market data businesses, driving competitive strategy and distribution.
Previously, Mr. Herrick served as the NYSE’s Head of Markets, leading the NYSE’s equities and options businesses across its seven exchanges and three trading floors. Earlier, Mr. Herrick was the exchange’s Head of Equities.
For more than a decade, Mr. Herrick held senior roles at several prominent proprietary trading firms. In 2006 he joined GETCO, which acquired Knight Capital to become KCG Holdings. Mr. Herrick later became Managing Director at Sun Trading, which was acquired by Hudson River Trading. Most recently, he served as Managing Director, Americas for Quantlab.
Mr. Herrick holds a B.A. from the State University of New York, College at Oswego.
Tom Hochleutner, Senior Compliance Officer, Clear Street
Tom Hochleutner has worked in various roles in the financial industry throughout his career. Mr. Hochleutner is currently a Senior Compliance Officer at Clear Street, starting in July 2022. Prior to that, he served as Head of ATS Operations and Strategy at Instinet.
Before joining Instinet, Mr. Hochleutner was employed by Virtu Americas. During his time there, he held the position of ATS Product Manager & Senior Compliance Officer, with responsibilities in electronic trading compliance, operations, and risk management. Mr. Hochleutner was also a Compliance Officer at Lightspeed Trading and was an equity trader at Trillium Trading.
Mr. Hochleutner began his career in the financial industry at Heartland Securities. Here, he held the role of Equity Trader & Supervisor, overseeing a group of registered representatives and ensuring compliance with regulations. Mr. Hochleutner also contributed to risk management and implemented analytics for performance assessment and compliance.
Mr. Hochleutner attended Columbia University, where he obtained a Bachelor of Arts degree in Economics – Political Science.
Jim Hyde, Senior Director, Head of Business Development and Strategic Partnerships, NYSE
Mr. James Hyde is the former Vice Chairman of the American Stock Exchange Board and Senior Supervisory Officer on the Trading Floor. Prior to the closing of the NYSE Euronext/AMEX transaction, he was asked to serve as liaison among NYSE Euronext senior staff. Concurrently he was also a Registered Options Trader for Integral derivatives LLC. As a founding member of Hyedge LLC (1998), Mr. Hyde was able to utilize his options trading experience to develop and market proprietary algorithmic-like scripting technologies.
Prior to trading for ID Specialists, Mr. Hyde was a Senior Managing Director of Kellogg Capital Group, L.L.C., which he helped build into one of the top-tier Option Specialists on the American Stock Exchange. He was instrumental in launching Kellogg into the Option, ETF and broker business, through acquisitions of Knight Securities, Spear Leads and Kellogg Index products, the Fogel Group, and the Van Der Moolen Company. Additionally, Mr. Hyde is co-founder of TAHOE Trading LLC and TAHOE Technologies, a proprietary analytical software platform utilized in the market today. Also, in 2005 Mr. Hyde negotiated and closed the transaction transferring control of the American Stock Exchange back to the members.
Mr. Hyde’s day to day responsibilities include supporting and interacting with the various exchange constituencies – regulatory, legal, marketing, and technology. Specifically, as it relates to technology, he plays a critical role in coordinating, designing and rolling out customized proprietary trading technologies which are vital to the Exchange’s forward-looking business initiatives as relating to option trading. Mr. Hyde is currently serving on the STANY board, which was founded in 1937.
Brian Hyndman, President and Chief Executive Officer, Blue Ocean Technologies
Brian Hyndman is the President and Chief Executive Officer for BOT.Previously, Mr. Hyndman was the Senior Vice President of Global Information Services for The NASDAQ OMX Group, Inc. In this role, he was responsible for the creation and dissemination of valuable information from the quoting and trading in NASDAQ OMX’s trading systems worldwide. Mr. Hyndman oversees various internal teams, including Sales, Product Management, Content Administration & Policy, and New Business Development.He previously served as Senior Vice President of Transaction Services and was responsible for managing operations of U.S. equities trading platforms including The NASDAQ Stock Market, NASDAQ OMX BX and NASDAQ OMX PSX.Prior to joining NASDAQ in 2004, Mr. Hyndman was the President of BRUT, an electronic communications network (ECN) that competed with the various equity markets in the U.S. He presided over the BRUT’s merger with Strike Technologies in 2000, the sale of BRUT to Sungard Data Systems in 2002 and the eventual sale of BRUT to The NASDAQ Stock Market in 2004.Prior to joining BRUT, Mr. Hyndman served as Vice President of Execution Services for the National Discount Brokers Group, managing 120 employees. He holds a Bachelor of Arts degree in Psychology from the State University of New York at Oswego. Mr. Hyndman has held a variety of FINRA licenses and from the National Association of Securities Dealers, including the 4, 7, 24, 27, 53 and 63.
Adam Inzirillo, Senior Vice President, Head of North American Equities, Cboe Global Markets
Adam Inzirillo is Senior Vice President, Head of North American Equities at Cboe Global Markets. He has led a distinguished 20-year career in equities trading and held a number of senior leadership positions in the industry. Prior to joining Cboe, Mr. Inzirillo was Managing Director, Head of Order Routing and Execution Products at Bank of America Merrill Lynch (BAML), where he worked for nearly a decade. During his tenure, he expanded the firm’s liquidity offerings via business development and product management of its smart order router, direct market access, order management applications and non-displayed crossing functionality.
He also served as a Director of the Members Exchange (MEMX) and was instrumental in BAMLs strategic investment. Previously, he was Executive Director, Head of Broker Dealer Business Development at UBS Securities LLC, where he managed the business development of broker dealers trading on the firms ATS and electronic trading platforms. He also recently held memberships with the Cboe Equities Advisory Committee, NASDAQ Quality of Markets, IEX Quality of Markets, and Level ATS Board.
Hope Jarkowski, General Counsel, NYSE
Hope Jarkowski is the General Counsel of NYSE Group, Inc. Prior to assuming the role of General Counsel in 2022, Hope was Head of Equities for the NYSE with responsibility for strategy, product development and relationship management across the NYSE’s five equity exchanges, the TRF, Global OTC and NYSE Bonds. Prior to joining ICE in 2016 as the Co-Head of Government Affairs,
Ms. Jarkowski served in the government — first at the SEC as counsel to Commissioner Troy Paredes and later as senior securities counsel to the U.S. Senate Banking Committee. Ms. Jarkowski practiced law at a Fortune 100 law firm and FINRA prior to her time in government service.
She holds an undergraduate degree in Biology from Emory University and a J.D. from Catholic University, Columbus School of Law. Ms. Jarkowski is active in the 100 Women in Finance Next Generation organization, which focuses on cultivating a talent pipeline for female leadership in the financial services industry.
Paul Jiganti, Managing Director of Business Development and Market Structure Strategy, IMC
Paul Jiganti is the Managing Director of Business Development & Market Structure Strategy of IMC and is responsible for facilitating IMC’s options business expansion by building new partnerships and emerging into new areas. Prior to joining IMC in 2015, Mr. Jiganti worked as an independent market maker on the CBOE floor for 6 years and, over the next 16 years, worked in various roles at Susquehanna Investment Group including Associate Director in charge of the Chicago office. He spent a year as a consultant to NASDAQ before joining TD Ameritrade where he was Managing Director in charge of market structure and retail client advocacy from 2012-2015.
Today, Mr. Jiganti shares his business knowledge in various communities including, Member Representative Director MIAX and MIAX Emerald, chairing the Listed Options Market Structure Working Group and past chairman and current member of SIFMA Listed Options Committee, SIFMA Equities Markets and Trading Committee and serves on the CBOE Advisory Committee. Previously, Mr. Jiganti served on the Board of Directors of both the CBOE and Direct Edge, NASDAQ Quality of Markets Committee, FINRA’s Limit up Limit down Advisory Committee, as well as Co-Chaired CBOE’s PAC. Mr. Jiganti has an Economics degree from University of San Diego and is Series 7 and 24 licensed.
Stephen Kay, Global Head of Sell-Side Sales, Virtu Financial
Mr. Kay leads Virtu’s global broker dealer client relationship management and sales efforts and oversees sales for the firm’s electronic services. Virtu uses advanced technology and transparency to deliver liquidity to the global capital markets and help clients pursue best execution in a scalable, efficient and data-driven manner.
Partnering with broker dealers of all sizes across the globe, Mr. Kay and team seek to customize Virtu’s award-winning products and services to fit their client’s wide-ranging needs. Stephen offers an extensive background in multi-asset class execution, global market structure, execution management systems, algorithmic trading technology, smart-routing, trade analytics and the other global trading solutions Virtu offers.
Mr. Kay joined Knight Capital (also known as KCG Holdings, Inc.) in 2005 before it was acquired by Virtu Financial in 2017. He has over 20 years of experience in the wholesale equity market making segment and prior experience includes roles at equity market-making and NYSE specialist firms, as well as five years as an active trader.
Mr. Kay holds an MBA from New York University and a BSc from Washington University, St. Louis. He served as President of the Security Traders Association of New York in 2007 and 2011.
Manisha Kimmel, Head of Strategic Planning Low Latency Group, London Stock Exchange Group
Manisha Kimmel is Head of Strategic Planning Low Latency Group at London Stock Exchange Group. Prior to joining LSG, Ms. Kimmel was Chief Policy Officer at MayStreet. She also previously served as Senior Policy Advisor, Regulatory Reporting to the SEC Chair focused on the Consolidated Audit Trail (CAT), where she was instrumental in the successful implementation of CAT. Before that, Manisha served as Head of Regulatory and Compliance, Wealth Management, at Refinitiv. While at Refinitiv, she also served as the chair of the CAT NMS Advisory Committee and as a member of the SEC’s Equity Market Structure Advisory Committee (EMSAC) where she chaired the Customer Issues Subcommittee. Before Refinitiv, she held various senior roles at the Financial Information Forum, Jordan & Jordan and Automatic Data Processing.
Ms. Kimmel holds a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania and a B.S. in Engineering from Penn’s School of Engineering and Applied Sciences.
Mehmet Kinak, Global Head of Systemic Trading and Market Structure, T. Rowe Price
Mehmet Kinak is Global Head of Systematic Trading and Market Structure at T. Rowe Price. Mr. Kinak’s primary focus is electronic and program trading, market structure analysis, and transaction cost analysis.
He is the Co-Chair of the NYSE Institutional Traders Advisory Committee and serves on the Institutional Traders Advisory Committees of CBOE Global Markets, IEX Group, and Nasdaq. Mr. Kinak previously served as a member of the SEC Equity Market Structure Advisory Committee. He is a board member of the National Organization of Investment Professionals (NOIP) and Chairs ICI’s Equity Market Structure Advisory Committee.
Mr. Kinak joined the firm in 2000 and worked as a portfolio accounting associate, investment liaison, portfolio implementation manager, and electronic trader before assuming his current role in 2014. Mr. Kinak earned a B.S. in finance from Virginia Polytechnic University.
Patricia Koetzner, Managing Director, Equity Trading and Sales, Siebert Williams Shank & Co.
Patricia Koetzner is Managing Director Equity Trading and Sales for Siebert Williams Shank & Co. LLC, a leading minority owned broker dealer. Patricia’s two primary functions include; driving new revenue growth by expanding revenue generating relationships and facilitating equity trading for the firm. Her equity trading functions include traditional long/short sales trading coverage, implementation of algorithmic strategies, share repurchases, trading and program trading. Ms. Koetzner has served in various capacities in the securities industry for now over 25 years, most recently including her role as Managing Director/Head of Equity Sales & Trading at CastleOak Securities, L.P. Prior to that, Ms. Koetzner served as vice president of Barclays Capital for seven years where she covered cash accounts and repurchased shares for corporations, before becoming a member of its electronic trading group. For the first decade of her career, she was a NASDAQ market maker for firms including Neuberger Berman, LLC, Gruntal & Co. and Dominick & Dominick, Inc. Patricia earned her Bachelor of Science degree from the University of Maine and holds FINRA Series three, seven, 24, 55 and 63.
Ryan Kwiatkowski, Managing Director, Head of Broker Dealer Sales, StoneX Financial
Ryan Kwiatkowski is Managing Director, Head of Broker Dealer Sales at StoneX Financial in Winter Park, Florida. He has 22 years of industry experience in equity trading and sales. Mr. Kwiatkowski began his career at Raymond James Financial in the Equity Capital Markets Division as a broker dealer sales specialist then joined StoneX Financial in 2005 where he continues his career. His focus area is in international equities. Mr. Kwiatkowski has been involved with Security Traders Association of Florida since 2000 and is a former President of STAF. Mr. Kwiatkowski holds a Bachelor of Arts in History from the University of South Florida and a Masters of Business Administration from Tampa College.
David LaValle, Global Head of ETFs, Grayscale
David LaValle is Global Head of ETFs at Grayscale Investments, the world’s largest digital currency asset manager. Mr. LaValle has over 20 years of experience in financial services and a proven executive management track record. Mr. LaValle’s expertise covers the broad finance industry, the Indexing landscape, and the exchange- traded product (ETP) ecosystem, including extensive knowledge in trading, distribution, capital markets, stock exchanges and regulatory engagements.
Prior to joining Grayscale, Mr. LaValle was the Chief Executive Officer of Alerian and S-Network Global Indexes. In that role, Mr. LaValle was responsible for all facets of the business including leading the firm’s growth and business transformation strategy, formulating and overseeing the Executive Management Team and representing the firm as a frequent spokesperson for press engagements and events. Previously, Mr. LaValle was the US Head of SPDR ETF Capital Markets and a member of the senior leadership team at State Street Global Advisors, a $3.5 trillion-dollar global asset manager. Prior to State Street, Mr. LaValle led Nasdaq’s Exchange Traded Product Marketplace where he was responsible for all aspects of strategy and business development for Nasdaq’s ETP listing and trading businesses. Before joining Nasdaq, Mr. LaValle was a member of the New York Stock Exchange and American Stock Exchange where he managed trading businesses.
Mr. LaValle earned his Bachelor of Arts degree from Georgetown University, served on the Security Traders Association of New York (STANY) Board and is a current member of the Wall Street Rides FAR charity advisory board.
Greg Lee, Managing Director, Paxos
Greg Lee is a senior leader with over 20 years’ experience leading digital transformations and electronic trading businesses in financial markets with global experience across Equities, Fixed Income, and Foreign Exchange markets. He has led large scale business growth for both new business and pivoting existing businesses to growth with a strong focus on building teams that enable people to succeed and operate in a well governed environment that meets all regulatory and corporate demands.Mr. Lee is currently a Managing Director at Paxos based in New York. Greg is responsible for Sales & Business Development of the Paxos Securities Settlement Platform. Prior to this he has run Digital Transformation and Equities Electronic trading groups in the US & APAC, and led strategic planning for Equities, Fixed Income Rates, and Foreign Exchange businesses globally.Mr. Lee’s career started at a financial software vendor before moving to the sell side of investment bank brokers. His technical knowledge combined with program & product management skills have given him the foundation for successfully leading technology based financial businesses to success. This unique combination of business, sales, technology, communication, and management skills have enabled him to bridge disparate groups in organizations and align people to a shared vision driving business growth.
Frank Loughlin, Global Head of Execution Services, AllianceBernstein
Frank Loughlin is Global Head of Execution Services at AllianceBernstein. In this role, he oversees the equity execution platform globally, with responsibility for strategy, technology and infrastructure, talent management, and external partnerships. Previously, Mr. Loughlin was global co-head of equity trading. Since joining the equity trading team in 1993, he has led or co-led various equity trading desks and held senior level roles within equity trading. Mr. Loughlin joined the firm in 1990 as an associate in equities. He holds a BA from the University of Notre Dame and an MBA from the Gabelli School of Business at Fordham University. He is a CFA charterholder and a member of both the CFA Institute and CFA Society New York.
Mr. Loughlin serves as chair of the board of directors of Sustainable Trading (Sustainable Financial Markets Ltd.), a nonprofit membership network dedicated to transforming ESG and sustainability practices in the financial markets trading industry. He has previously served on numerous industry advisory bodies and is currently a member of the New York Stock Exchange Institutional Trading Advisory Committee and the National Organization of Investment Professionals (NOIP). He serves on the board of directors of Tennessee Innocence Project, the Nashville Public Library Foundation and Queens Community House. He formerly served on the advisory board of the Gabelli School at Fordham University.
Mahlet Makonnen, Principal, Williams & Jensen
Prior to joining Williams & Jensen, Ms. Makonnen worked as Regulatory Affairs Counsel for the National Association of Federally Insured Credit Unions (NAFCU) where she advised ﬁnancial institutions on a variety of regulatory and compliance issues and drafted data privacy principles for federal legislation on behalf of credit unions. In the public sector, Ms. Makonnen served as an Attorney Advisor with the Department of Veterans Affairs.
Ms. Makonnen is a graduate of Syracuse University and holds a J.D. from the College of Williams & Mary.
Tommy Martin, Co-Head of Options Business, DASH Financial Technologies
Tommy Martin is responsible for leading DASH’s options market structure team, overseeing the firm’s sales-based operational processes and is the business owner of DASH’s options and equity OEMS, Blaze.
Prior to joining DASH in 2015, Mr. Martin was a Business Development Relationship Manager for the International Securities Exchange where he was responsible for growing the exchange’s membership community and market share through the education of matching engine microstructure behavior across industry business models and the growth of the firm’s EMS, PrecISE. He began his career as a Global Market Intelligence Analyst at IPREO. Mr. Martin holds a B.A. in Finance and Marketing from Fordham University.
Joseph Mecane, Head of Execution Services, Citadel Securities
Joseph Mecane is Head of Execution Services at Citadel Securities. In this role, he is responsible for the firm’s client-facing equity, options, FX, and ETF businesses.
Prior to joining the firm, Mr. Mecane was Global Head of Electronic Equities at Barclays. Previously, he worked for the New York Stock Exchange (NYSE) for six years, most recently serving as the Head of U.S. Equities. His earlier career included roles at UBS Securities, Schwab Capital Markets, Knight Capital Group and Price Waterhouse.
Mr. Mecane is involved with numerous industry organizations, currently serving as Chairman of the Nasdaq Quality of Markets Committee and serving on the FINRA Board of Governors, the Nasdaq Exchange Board, and the Board of Trustees for the Museum of American Finance. He is also a member of the National Organization of Investment Professionals and the SIFMA Advisory Council. He was previously a member of the SEC’s Equity Market Structure Advisory Committee and a member of the Nasdaq Exchange Board and BATS Exchange Board.
Mr. Mecane received an MBA, with honors, from the Wharton School of the University of Pennsylvania and a bachelor’s degree from Pace University.
Jack Miller, Head of Global Execution Services, R.W. Baird
Jack Miller is Baird’s Head of Global Execution Services. He oversees the execution function within the trading business including cash, program, electronic, and related services, and is responsible for driving Baird’s strategic investments in execution services and related technologies. Mr. Miller began his career at an Internet-based enterprise software company before joining Baird’s research department in 2006 as an associate analyst covering the technology sector. He is a member of the Security Traders Association of Wisconsin and serves on the STA’s Market Structure and Retail Advisory committees. He is also a member of the board of the Wisconsin Conservatory. Mr. Miller earned a BA in Computer Science from Harvard University and is a CFA charterholder.
Ovidio Montemayor, Managing Director of Trading Operations, Order Routing and Securities Lending, Charles Schwab
Ovidio Montemayor has over 20 years of corporate experience in retail brokerage at TD Ameritrade, which was acquired by Charles Schwab. Mr. Montemayor manages the firm’s trading operations and order routing functions, which serve as liaisons to the markets and manages market center relationships to satisfy the company’s order routing obligations and practices.
Mr. Montemayor is a member of multiple financial services industry trade organizations, including the SIFMA Listed Options Trading Committee. He completed Securities Industry Institute Program at The Wharton School and the Professional Leadership Develop Program at Cornell University. He holds a Bachelor of Business Management degree from Northwood University.
Brian Nigito, Senior Technologist, Jane Street
Brian Nigito is senior technologist at Jane Street. In this role, Mr. Nigito has worked on all aspects of trading systems and currently runs a group focused on low latency systems.
Mr. Nigito is a 20 year veteran of the financial services industry. He has held a wide variety of high level positions including Chief Software Architect at the Island ECN, Chief Technology Officer at Inet ATS, Inc. and Director of High Frequency Trading at Citadel. He was also responsible for building and creating the trading systems used at Instinet Inc. and Chi-X Europe Ltd. At GETCO, he led and managed the firm’s New York operations in which he was instrumental in growing the firm’s involvement in US Equities options.
Mr. Nigito received a BS from Stevens Institute of Technology. He has served on NASDAQ’s Quality of Markets Committee, NYSE’s Electronic Traders Advisory Committee, CBOE’s Equity Advisory Committee, and as a board member of the Member’s Exchange.
Adam Nunes, Business Development, Hudson River Trading
Adam Nunes serves on the Business Development team for Hudson River Trading, a multi-asset class quantitative trading and technology firm. He was previously a vice-president of transaction services at the Nasdaq Stock Market and head of the Nasdaq Options Market where he served until May 2009.
Mr. Nunes started his career at the Nasdaq in 2000 as a research analyst in the economic research department, having previously worked as a research associate at Economists Inc in Washington DC. Mr. Nunes was named head of Nasdaq Options Market in September 2006. The exchange launched in 2008. Following the acquisition of the Philadelphia Stock Exchange, which left Nasdaq with two options markets, Mr. Nunes was promoted head of U.S. options of both exchanges.
He has a BBA in finance from George Washington University.
Joel Oswald, Principal, Williams & Jensen
Prior to joining the ﬁrm, Mr. Oswald worked as a Legislative Assistant for Senator Michael B. Enzi (R-WY) covering a range of issues including ﬁnancial services and foreign affairs. He then served as Professional Staff on the Senate Subcommittee on International Trade and Finance, Committee on Banking, Housing, and Urban Affairs, where he took a leading staff role in the effort to reauthorize the Export Administration Act (EAA). In 2001, Mr. Oswald served as Professional Staff to the Senate Subcommittee on Securities and Investment, Committee on Banking, Housing, and Urban Affairs, under the Chairmanship of Senator Michael B. Enzi.
Eric Pollackov, Global Head of ETF Capital Markets, Invesco ETFs
Eric Pollackov is the Global Head of ETF Capital Markets for Invesco ETFs. In this role, Mr. Pollackov proactively develops relationships with sell-side trading desks and Exchanges, implements capital markets strategies for Invesco’s ETFs, and develops and measures the success of client business plans.
Before joining Invesco in 2016, Mr. Pollackov was head of ETF capital markets for Charles Schwab Investment Management. Previously, he served as managing director of exchange-traded products at NYSE Euronext. He began his career as a derivatives trader for Susquehanna International Group (SIG), specializing in ETFs, options and futures trading.
Mr. Pollackov earned a bachelor’s degree from The State University of New York at Buffalo and holds the Series 7 and 24 registrations. Mr. Pollackov is also chair of the Securities Traders Association ETP Working Group and actively mentors post-9/11 veterans looking to enter the financial industry via American Corporate Partners (ACP).
Steve Quirk, Chief Brokerage Officer, Robinhood
Steve Quirk is the Chief Brokerage Officer at Robinhood Markets. Prior to joining Robinhood, Mr. Quirk oversaw the strategy and deployment of initiatives for Trading at TD Ameritrade. He also served as a member of the company’s Senior Operating Committee, which shaped the strategic focus of the organization. Mr. Quirk focused on teaching the next generation of investors and has championed the creation of the TD Ameritrade U program to bridge the gap between academia and reality. Prior to his role at TD Ameritrade, Mr. Quirk was responsible for the development of new trading tools and technology enhancements for the Thinkorswim, Inc. trading platform. Mr. Quirk graduated from the University of Wisconsin with a BBA in Risk/Insurance and Marketing. He holds Series 3, 4, 7, and 24 licenses and is an active Board Member of Cara Collective.
Jacob H. Rappaport, Global Head of Equities, StoneX
Jacob Rappaport serves as the Global Head of Equites at StoneX Group Inc., a Fortune
10 company and leading provider of financial-services execution, risk management, market
intelligence, and post-trade services across asset classes and markets around the world. Mr. Rappaport is responsible for the company’s Equities businesses globally, which include, Wholesale Market Making, Global Institutional Sales & Trading, Electronic, and Outsourced Trading. He has held various roles at StoneX and predecessor companies since joining in 2005, including Head of Americas Trading, and Head of Market Making. Since taking the role of Equities Head in 2013, the segment has grown revenue more than ten times and became the number one ranking market maker in ADRs and foreign securities traded OTC. Mr. Rappaport serves as a member of the StoneX Group Inc. Management Committee and is an Officer of wholly owned subsidiary FINRA registered Broker Dealers. He also served as President of the Florida affiliate of the Securities Traders Association from 2015 through 2017 and is an Advisory Board Member for the Department of Business at Rollins College, where he earned his BA in International Business.
Brett Redfearn, Founder and CEO, Panorama Financial Markets Advisory
Prior to PFMA, Mr. Redfearn headed Capital Markets for Coinbase, where he focused on building the emergent ecosystem for digital asset securities and overseeing the Coinbase exchange.
Between October 2017 and December 2020, Mr. Redfearn led the U.S. Securities and Exchange Commission’s Division of Trading and Markets where he oversaw several groundbreaking rulemakings and market initiatives.
Mr. Redfearn joined the SEC after a 14-year career at J.P. Morgan, where he was, most recently, Global Head of Market Structure for the Corporate and Investment Bank across asset classes.
Kathryn Rooney Vera, Chief Market Strategist, StoneX
Kathryn Rooney Vera is Chief Market Strategist at StoneX. Formerly, she served as Head of Global Macro Research and Chief Investment Strategist at Bulltick, where she was responsible for overall capital market investment strategy for the firm. Her work offers global perspectives in addition to detailed country analyses and specific cross-asset trade recommendations. Her out-of-consensus calls have consistently produced double-digit returns for her clients. Before this, Ms. Rooney Vera served as an Emerging Markets Latin America economist and strategist at Bear Stearns in Emerging Markets Fixed Income Research. She also worked on the buy-side as sovereign analyst at MetLife Investments where she conducted in-depth economic analyses on emerging markets, working closely with the portfolio manager on asset selection and portfolio allocations.
Ms. Rooney Vera is a high-frequency contributor to television networks Bloomberg Television, CNBC, CNN International, CNN en Español, CNBC, Fox News and Fox Business. She is a frequent keynote speaker at major conferences. Ms. Rooney Vera holds her Master’s in Business degree, specializing in Economics and Finance, from New York University’s Stern School of Business.
She earned her Bachelor of Arts Degree in Economics and Spanish literature from Rutgers University in New Jersey where she graduated Magna Cum Laude. She also studied at the University of Valencia in Spain. Ms. Rooney Vera serves on the Advisory Board of the University of Miami’s Department of Economics and has taught Global Economics as an adjunct professor at the University of Miami.
Kimberly Russell, Vice President and Market Structure Specialist, State Street Global Advisors
Kimberly Russell is a Vice President and Market Structure Specialist in the Global ETF Capital Markets Group at State Street Global Advisors. She is responsible for market structure analysis, exchange-traded fund (ETF) advocacy, and business development with exchanges. She works closely with teams across State Street and market structure experts across fields to advocate for optimal market structure regulations and to educate on capital markets issues impacting ETF investors. Ms. Russell serves on the firm’s Global SPDR Regulatory Affairs Forum and Americas SPDR People Forum.
Prior to joining State Street, Ms. Russell was a Director at Barclays Capital Inc., where she held various roles in the Equities division from 2008-2017, ultimately leading the firm’s market structure efforts and business development for Barclays ATS. Ms. Russell started her career at Lehman Brothers in the Global Real Estate Group.
Ms. Russell holds a Bachelor of Arts with Honors from Cornell University. She is a member of the Security Traders Association’s Market Structure Analyst Committee, Nasdaq’s Institutional Traders Advisory Council (ITAC), Limit Up-Limit Down NMS Plan Advisory Committee, and National Organization of Investment Professionals (NOIP). She is a recipient of the Markets Media 2020 Women in Finance Excellence in Market Structure award.
Outside of the securities industry, Ms. Russell serves on the board of trustees of the Cornell Rowing Association. She lives in Sleepy Hollow, New York with her family and rescue dog. Ms. Russell passionately supports various organizations including Philadelphia City Rowing (PCR), which empowers under-resourced youth through the sport of rowing.
Justin Schack, Partner and Head of Market Structure, Rosenblatt Securities
Justin Schack is a Partner and Head of Market Structure at Rosenblatt Securities, overseeing an award-winning team that provides asset managers, exchange groups, proprietary trading firms, regulators and other clients with in-depth intelligence on market structure and the exchange industry. Mr. Schack is a frequent public speaker and widely quoted as an expert by major media outlets. He also has served on various industry bodies providing strategic and public-policy advice to market participants and regulatory authorities.
In 2014, The Trade magazine named him to its list of the decade’s 100 most influential people in buy-side trading. Under his leadership, Rosenblatt’s market-structure team has been recognized multiple times as best-in-class, winning its category in Markets Media’s Markets Choice Awards and Financial News’ Trading & Tech Awards. Prior to joining Rosenblatt in February 2008, Mr. Schack spent 14 years as a financial and public-affairs journalist, most recently as Assistant Managing Editor of Institutional Investor, where he authored more than 20 cover stories during his eight years on the magazine’s staff. His work in journalism has been recognized with awards from the National Press Club, the Society of Professional Journalists and the American Society of Business Publication Editors.
Mr. Schack holds a BA in history from Seton Hall University and an MA in history from the University of Connecticut.
Jim Toes, President and CEO, Security Traders Association
Jim Toes has served as President and CEO of Security Traders Association (STA) since 2011. In this role, Mr. Toes maintains STA’s relationship with U.S. regulators and congressional policymakers, advocating for the employees and customers of the financial markets. Under Mr. Toes’ leadership, STA has written more than 50 comment letters on a wide range of issues under the regulatory oversight of the U.S. Securities and Exchange Commission, Department of Treasury, Commodities and Futures Trading Commission (CFTC), FINRA, and the Senate and House Financial Services Committees. In addition, Mr. Toes has penned close to 100 articles on current events and human interest stories that resonate well with individual members and align with STA’s core principles.
Mr. Toes has nearly 35 years of experience in the securities business, particularly within equity and options sales, trading, and clearing. Prior to joining STA, Mr. Toes was a Managing Director at Bank of America Merrill Lynch for 18 years, where he held various management positions, interacting with a broad range of clients including institutional and middle market asset managers, broker-dealers, and retail investors. Over the course of his career, Mr. Toes has also used his breadth of market structure knowledge to serve on various best execution and market structure committees and has testified before Congress. As a past President of the Security Traders Association of New York and a former Governor and Secretary of STA, Mr. Toes has a deep understanding of the STA organization and the vital role its 24 Affiliate organizations in North America play in the success and mission of the Association.
Joe Wald, Managing Director, Co-Head of Electronic Trading, BMO Capital Markets
Joe Wald is responsible for BMO’s Electronic Trading vision and strategic direction. He identifies and executes growth opportunities and shares responsibility for the overall growth and success of the electronic division. Mr. Wald has a proven track record, years of industry experience, thought leadership, and public speaking.
Prior to the sale of Clearpool Group to BMO Capital Markets, Mr. Wald was the CEO and Co-Founder. Mr. Wald was executive vice president at GAIN Capital where he ran GTX, the institutional electronic FX trading business. Before Gain, Mr. Wald was managing director and head of Knight Direct, Knight Capital Group’s institutional electronic trade execution business. Before Knight Capital, Mr. Wald was CEO and co-founder of EdgeTrade Inc., the pioneer developer of agency-only, liquidity seeking algorithms and direct market access technologies for the U.S. equities market. EdgeTrade was sold to Knight Capital Group in 2008.
Mr. Wald holds a B.S. in Business, Management and Finance from Brooklyn College.
Eva Walsh, Executive Director, Equity Trading, J.P. Morgan Asset Management
Eva Walsh is an Executive Director at J.P. Morgan Asset Management and has been with the firm since 1991. Prior to joining Equity Trading in 1995, she gained experience in Investment Management by supporting portfolio managers in both investment assistant and performance analyst roles. Currently Ms. Walsh is a sector specialist responsible for covering Healthcare and Consumer stocks for U.S. Core, and a quantitative equity trader covering algorithmic trading, automation and strategy selection for actively managed equity products totaling over $500bln in AUM.
In 2013, Ms. Walsh was named Traders Magazine Mentor of the Year and continues that mission by mentoring junior colleagues both inside and outside her firm and tutoring inner city students in the JPM Emerging Leaders program (ELP). She enjoys connecting with others by participating in wonderful programs such as JPM’s Women on the Move, STA’s Women in Finance and Girls who Invest.
Ms. Walsh also proudly represents J.P. Morgan as a member of Nasdaq Institutional Trader Advisory Committee (ITAC), Buyside Equity Trader’s Roundtable (BETR), STANY and NOIP and on St Jude’s Hospital Taste of Wall Street planning committee. Above all else, Eva cherishes family time and the privilege of being mother to Mairead, Alanna and Owen.
Daniel Zinn, General Counsel, OTC Markets Group
Daniel (Dan) Zinn is OTC Markets Group’s General Counsel, Chief of Staff and Corporate Secretary. He leads the Company’s regulatory and policy-making efforts and is often a speaker on over-the-counter equity markets. As Chief of Staff, Mr. Zinn also oversees the company’s Human Resources and Administrative functions. Prior to joining OTC Markets Group in 2010, he served as outside counsel to OTC Markets Group beginning in 2007, as a partner at The Nelson Law Firm LLC. Previously, Mr. Zinn worked in the corporate office of AIG. He received his JD from the Benjamin N. Cardozo School of Law, where he served as Associate Editor of the Cardozo Law Review and received his BS from Pennsylvania State University. He is a member of the American Bar Association.