Global Trading Systems Names Steven Reich Head of FX and Commodities
NEW YORK, Dec. 4, 2013 /PRNewswire/ -- Global Trading Systems (GTS), the automated market-maker in thousands of securities including U.S. equities, ETFs, commodities, financial futures and U.S. cash Treasuries/rates products, today announced that it has hired Steven Reich as Head of FX and Commodities Liquidity Solutions.
"We are pleased to welcome Steve to our team," said Ari Rubenstein, President and CEO of GTS. "As we continue to expand our offerings into execution services, Steve brings the unique combination of serial entrepreneurship and extensive experience as an FX trader. Steve's career has evidenced his deep understanding of the importance of good citizenship within the capital markets community and the need to build strong relationships with trading counterparties, which are both important parts of our firm's philosophy. Adding Steve to the GTS team will help us leverage our firm's technical excellence and trading depth to further strengthen those relationships as we grow in new asset classes."
Before joining GTS, Mr. Reich was Chief Revenue Officer and Head of Sales and Business Development for Pivot Solutions, where he was a member of the executive team that led the firm's restructuring and orchestrated its acquisition by CME Group at a multiple of its 2010 valuation. After the sale, Mr. Reich ran FX Clearing for CME Group before joining GTS. Prior to Pivot Solutions, he was Chief Executive Officer of FX Bridge, a provider of Forex, CFD and Forex Options platforms. Before that, Mr. Reich was Co-Founder and Chief Operating Officer of Hotspot FX, an online trading platform which he helped to conceive, build and expand, leading to the firm's acquisition by Knight Capital Group for $90 million in 2008. Earlier in his career, Mr. Reich held senior management and dealer roles at top global investment banks including Barclays Capital, HSBC Markets and Credit Suisse.
"This is an exciting time for the GTS team and I'm thrilled to join one of the largest equities trading firms in the U.S. that also offers top-of-the-line commercialized technology products and quant analysis," said Mr. Reich. "GTS has an exceptional track-record of performance in cash equities and futures, and in the past year has successfully diversified across the fixed income complex. We see a tremendous opportunity to leverage our platform and expertise for expansion into additional asset classes, and I'm excited to help lead that effort into the FX, metals and energy markets."
About Global Trading Systems
Positioned at the intersection of capital markets and technology, GTS is an integrated trading and technology firm that combines market expertise developed in the exchange pits with industry-best software and network solutions. GTS's electronic market making group, which accounts for over 3% of daily cash equities volume in the U.S., utilizes proprietary technology and sophisticated pricing models to offer investors some of the most efficient prices on securities and commodities. Through its full-integrated Strike Technologies division, GTS enables market participants to use its cutting-edge risk management and microwave network products, helping to level the playing field and democratize market access to vital data for all investors. For more information, please visit: http://www.gtsx.com/.
Media Contact:
Krista Eccleston, Edelman
212-704-4438
[email protected]
SOURCE Global Trading Systems
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