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2016年交易技术40：Eric Noll

第21号Eric Noll，总统兼首席执行官Convergex

2016年3月7日

<2016年交易技术40

21.

eric noll.

总裁兼首席执行官

Convergex.

PNR.

机构经纪公司Convergex需要更多的只是管理调整eric noll.被命名为首席执行官，于2013年11月。几周内联合格格特同意支付超过1.5亿美元的支付，以对其背后的交易不当行为和过度收费。然后NOLL继续关注并重新定义私人举办的纽约公司作为一个机构经纪人;它目前在全球拥有超过3,000个客户。“We don’t do anything but execute transactions in the marketplace,” says Noll, 53, who was executive vice president of transaction services at Nasdaq OMX Group from 2009 to 2013 and one of the leaders of quantitative brokerage Susquehanna International Group for 15 years before that. “We don’t do any market making, research, investment banking or lending. We are to a large extent conflict-free in that we don’t accept payment for order flow.” The 520-employee organization’s simply stated objective is to “build out the electronic algo that works best on behalf of institutional investors.” The firm offers algorithms for more than 40 markets and runs one of the only U.S.-registered dark pool for options. Convergex’s Millennium alternative trading system does nothing but capture midpoint, or between-the-match, spreads for equity trading and has, in effect, a built-in speed bump. “It routes to our data center,” Noll explains. “That gap, if you will, prevents latency arbitrage from occurring in equity execution.” Noll, who earned an MBA from Vanderbilt University’s Owen Graduate School of Management, observes that institutional investing’s technological advancements have been mainly “on the front end — around execution, venues, speed, communication. There hasn’t been a lot of attention paid to what I call the plumbing, or what happens after the trade has occurred.” One likely route to making posttrade plumbing safer and more efficient, he says, “is going to be the blockchain and seeing how it works in the back-office space.”

2016年交易技术40