New York, NY – October 2, 2018 – Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced that Scott Visconti has joined Vela as CTO, focusing on technology strategy, supporting growth, and the next stage of development of Vela’s product stack, services, and processes.
Scott will be based in Vela’s headquarters in New York and report to CEO Jennifer Nayar. He will lead the global development team and work alongside the executive team to cement the firm’s position as an innovative and transformational leader.
Jen commented, “We are delighted that Scott has joined Vela. Having Scott as part of our executive team underpins our focus on hiring high-caliber leaders to deliver quality technology solutions for our global clients.”Adding, “Scott is a highly-accomplished technology executive with a wealth of experience across multiple asset classes, a keen interest in mentoring and motivating cross-functional teams, and a determination to deliver new products and services. He is a well-known and respected technologist in our industry and brings deep knowledge and expertise in areas including trading technology, risk management, and data analytics. We look forward to working with Scott and are excited about the contributions he will bring to Vela.”
Scott said, “Vela has a unique position in the marketplace and a reputation as being agile and forward thinking. I am pleased to be joining the company at this very exciting time and I look forward to working with the team to leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability.”
Prior to Vela, Scott co-founded MarketOpen, a startup data analytics platform providing ongoing trading surveillance in stocks, exchange-traded funds, equity options, futures and crypto assets for investor relations and market professionals. During his tenure at ICE/NYSE, he was Vice President and Head of NYSE Group Technology, where he managed Development, Quality Assurance, Project Management Office, Capacity Management and IT Compliance functions. Scott has also held senior roles at firms including BNP Paribas, Credit Suisse and S&P Comstock. Scott holds a Master of Science in Electrical Engineering from Polytechnic University and a Bachelor of Engineering from Manhattan College.
This appointment follows on the heels of several recent client-focused new hires including Ahmed Heikal, who joins from GAIN Capital Group as Product Manager, and Jim Maguire, who served in multiple capacities during his 18-year tenure at ICE/NYSE and joins Vela as Account Manager. Ahmed and Jim are also based in New York.
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Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to successfully execute on their trading strategies and manage risk across multiple fragmented markets, liquidity pools, and data sources. We help firms successfully differentiate and innovate in an ever-changing, increasingly-regulated and fiercely-competitive landscape, while also reducing total cost of ownership.
Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack for electronic low-touch and Direct Market Access (DMA) execution and pricing. We leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability. Our modular stack is accessed through a single set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.
With access to more than 250 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24x7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.
Visit us at www.tradevela.com. Follow us on Twitter @TradeVela.
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