Transcend Capital Announces Appointment of Mark Stryker as Chief Strategy Officer and Financial Operations Principal

AUSTIN, Texas, July 2, 2012 /PRNewswire/ -- Transcend Capital, LLC announced today the appointment of Mark Stryker as Chief Strategy Officer and Financial Operations Principal.  Based in Austin, Texas, Transcend Capital provides advanced brokerage solutions, including prime services, multi-market execution, as well as brokerage transaction and risk management technologies to the institutional and professional segments of the US equities, options, futures and global Forex markets.

Through this appointment Mr. Stryker re-joins forces with a significant core of the executive management team of CyBerCorp, Inc. and its CyBerTrader.com brokerage subsidiary.  Formerly Mr. Stryker served as CEO of the CyBerTrader.com broker-dealer and CFO of the CyBerCorp family of companies.  CyBerCorp, Inc. was the developer and owner of the CyBerTrader equities trading platform and was acquired by The Charles Schwab Corporation in March of 2000 in a transaction valued at US $520,000,000. 

"Transcend represents a unique opportunity in continuing the evolution of the financial services industry for the benefit of our clients," Mr. Stryker commented.  "Previously our core team rapidly built incredible client and enterprise value, attracting the interest of one of the most respected names in the industry in Schwab.  We succeeded by providing our clients a suite of tools, services and pricing that were nearly inaccessible by the retail active trader market at the time.  Today at Transcend I believe we utilize that exceptional financial services technology pedigree in combination with the highest levels of brokerage and customer services, all driven by a proven team of managers and industry professionals.  In my opinion this makes for a world-class offering for Transcend's institutional and professional clients."

Upon the announcement Butch Jones, Transcend CEO and former SVP with The Charles Schwab Corporation, after serving as EVP of the CyBerCorp companies  prior to the Schwab acquisition stated, "Mark's arrival is a great example of Transcend's ability to put powerful solutions providers and industry thought leaders in service of our clients.  By offering our clients access to a multitude of best-in-class trading platforms covering the vast majority of domestic asset classes, financial products and counterparties, supported by our next-generation, proprietary mid-office, back-office and risk management technologies, Transcend is able to provide amazing power and flexibility to the marketplace."

Mike DeNio, President of Transcend Capital, said, "I believe the combination of Transcend's customer service, market access, proprietary technologies and aggressive transactional pricing yields the firm and our clients competitive advantages that are very rare in the industry.  The addition of Mr. Stryker to the Transcend team is another step in positioning the firm for significant commercial and technological growth in the near-term."

This release is for informational purposes only, and no offer regarding the solicitation of the purchase or sale of any security or securities product is made hereby.

For full details on products and services available, please visit the Transcend Capital website at www.transcendcapital.com or call (512) 623-7774

Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.

Transcend Capital is member FINRA / SIPC / MSRB / NFA

Media Contact: Mark Stryker – (512) 623-7774

SOURCE Transcend Capital