Title:
Vice President, Vendor Relationships
Place:
New York City, New York, United States
(1 connections)
Lava Trading
New York City, New York, United States
01/2005-Present: Vice President, Vendor Relationships at Lava Trading in New York City
Vice President, Vendor Relationships
• Responsible for managing all relationships and commitments with external service providers such as Exchanges, ECN,s, buy-side connectivity service providers, market data sources, etc.
• Negotiated contracts for new services offerings such as PinkSheets, Telekurs Security Master and Corporate Actions Database, Options market data, etc.
• Developed and implemented Continuity of Business Plan for headquarters and remote data centers.
Sector:
Banking, Investment Bank
Function:
- IT - Market Data, Market Data - Information / Officer - Executive
Company description:
"Citi's electronic trading solutions, including the Lava technology, are developed as high-performance trading products for our clients and the financial services industry. Our Lava technology was the first solution to truly consolidate market data distribution and order execution capabilities across all major liquidity sources, including Nasdaq, Listed exchanges, ECNs and ATSs. Our OTC, Listed and Foreign Exchange solutions are used by broker/dealers, market makers, hedge funds and institutional investors. "
TD Waterhouse
New York City, New York, United States
08/2004-12/2004: Consultant, Market Data Services at TD Waterhouse in New York City
Consultant, Market Data Services
• Part of team responsible for converting retail branch market data terminals from Reuters to ThomsonOne.
Sector:
Brokerage, Full Service Broker
Function:
- IT - Market Data, Market Data - Information / Senior
Company description:
"Offers trading in stocks, open and closed-end mutual funds, bonds, money market funds, CDs, UITs, and options."
Moneyline Telerate
New York City, New York, United States
07/2002-04/2004: Director Content Development at Moneyline Telerate in New York City
Director Content Development
• Primary individual responsible for Relationship & Content Management between Moneyline Telerate and over 150 Equities/Commodities Exchanges (NYSE, Nasdaq, etc), ECNs (Island, ARCA, etc), and Third Party Vendors globally.
• Identified all Exchange contracts assumed by the Company after purchase of assets from the Bridge bankruptcy to determine which ones needed to be renegotiated. Renegotiated over 50 existing Exchange contracts and many new vendor relationships.
• Defined new system that maintained information regarding contracts, fees and reporting requirements.
• Developed programs for sales organization that allowed them to introduce new exchange information to clients.
• Represented company on Industry organizations. Member of Board of Directors of Financial Information Services Division of the SIIA.
• Direct all activities related to the firm’s usage of Exchange based market data information.
• Interfacing with development for implementation of new data.
Sector:
Banks Suppliers, Financial Information Vendor
Function:
- IT - Market Data, Market Data - Information / Head of Department
Company description:
"Moneyline Telerate, Inc. provides integrated real-time financial information and transaction services to suppliers and users of capital markets content and liquidity. It delivers financial content and applications in real-time over the Internet."
Credit Suisse First Boston
New York City, New York, United States
08/2001-02/2002: Consultant, Contracts Management, Global Library and Information Services at Credit Suisse First Boston in New York City
Consultant, Contracts Management, Global Library and Information Services
• Identified all Information Supplier contracts used by CSFB. Assisted and prepared the CSFB negotiation team for meetings with Information Suppliers to assure maximum price value, flexibility in usage, minimum risk, and contract terms and conditions reflective of best practices in the industry.
• Reviewed all Information Suppliers contracts that needed to be renegotiated in light of the merger of CSFB and Donaldson, Lufkin & Jenrette.
• Evaluated the terms and conditions offered to CSFB to insure that they were in line with industry offerings.
• Made recommendations on how to amend terms and conditions to allow increased flexibility in usage, changes during the term of the agreement, and cancellation of part, or the entire contract.
• Identified cost savings through renegotiations that reduced overall annual spend from over $40 million to less than $38 million.
Sector:
Consultants, Consultants Finance
Function:
- Consulting, Consulting / Senior
Company description:
"Credit Suisse is a leading global financial services company, offering clients financial advice in all aspects of private banking, investment banking and asset management."
New York Mercantile Exchange
New York City, New York, United States
01/1996-07/2001: VP- Market Data Services Department at New York Mercantile Exchange in New York City
VP- Market Data Services Department
• Directed all the activities of the Market Data Services Department, a newly created department. Responsible for vendor relationships, marketing to banks and brokerage firms, contract management, vendor and subscriber auditing, and overall financial and business management of the Market Data product for the NYMEX and COMEX divisions. Managed a staff of 6 people.
• Directed the creation and dissemination of a new contract for vendors of NYMEX Market Data in preparation for relocation to new headquarters in May 1997.
• Developed strategies for innovative methods of distribution and sale of Market Data. Created Internet distribution policy. Marketed these programs and policies to vendors and end-users.
• Increased Market Data Revenues for three consecutive years through the use of customer awareness marketing.
• Recovered over $1,000,000 in underreported revenue by conducting audits of major market data vendors.
Sector:
Consultants, Market Data
Function:
- IT - Market Data, Market Data - Information / Officer - Executive
Company description:
"The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals."
Smith Barney, Inc
New York City, New York, United States
01/1995-01/1996: No title at Smith Barney, Inc in New York City
No title
• Managed end-to-end processing of all Market Data activities from order processing, installation and testing, entitlement loading, to bill reconciliation and charge back. Annual expense was in excess of $100 million. Reported to First Vice President-Communications Services. Managed a staff of 6 professionals.
• Re-engineered the Market Data acquisitions and entitlement process. This resulted in a decrease in time spent doing administrative functions and reduced the number of staff required for this activity from 3 to 2.
• Initiated and conducted cost reduction projects designed to reduce market data expenses. Achieved substantial cost savings by identifying over billing and incorrect billing by vendors.
• Directed contract negotiations with major vendors of market data resulting in savings of over $1 million per year.
• Developed strategies for the deployment of market data services firmware. Provided internal resource for evaluating vendor products.
• Managed the seamless relocation of all market data related hardware and services related to the move to a new Headquarters site.
• Senior member of team responsible for the successful conversion from Quotron to ADP at over 100 locations. Developed initial project plan and project financials.
Sector:
Investment Management, Wealth Management
Function:
IT - Market Data, Market Data - Information /
Company description:
"Smith Barney, the private wealth management unit of Citigroup Global Markets, Inc., is a leading provider of comprehensive financial planning and advisory services to investors, institutions, corporations and private businesses, governments and foundations."
Smith Barney, Inc
New York City, New York, United States
01/1991-01/1994: VP, Acquisitions at Smith Barney, Inc in New York City
VP, Acquisitions
• Managed group of five professionals responsible for coordinating all technology acquisition and consultants for the firm. Acted as interface between Corporate Purchasing, vendors and client managers, developers and system engineers for all hardware, software, and market data services. Developed procedures and policies.
Sector:
Investment Management, Wealth Management
Function:
- Investment banking, M&A / Officer - Executive
Company description:
"Smith Barney, the private wealth management unit of Citigroup Global Markets, Inc., is a leading provider of comprehensive financial planning and advisory services to investors, institutions, corporations and private businesses, governments and foundations."
Automatic Data Processing, Inc.
Jersey City, New Jersey, United States
01/1990-12/1990: Director - Project Management at Automatic Data Processing, Inc. in Jersey City
Director - Project Management
• Managed multi-functional project team to retool Message Switching and Order Matching Systems with budget in excess of $4 million. Reported to Senior Vice President Systems and Programming.
• Initiated and directed mainframe based order delivery system conversion resulting in annual savings of $500 thousand.
• Guided strategic long range planning to redesign Order Match System based on clients’ requirements.
Sector:
Consultants, Consultants Recruitment
Function:
- IT - Market Data, Project Management IT / Head of Department
Company description:
"Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenues and over 585,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging nearly 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to organizations of all types and sizes."
Automatic Data Processing, Inc.
Jersey City, New Jersey, United States
01/1988-01/1990: Director - Product Management/Equity Products at Automatic Data Processing, Inc. in Jersey City
Director - Product Management/Equity Products
• Responsible for product management of worldwide equity and commodity exchange data feeds and related databases. Reported to Vice President Product Management.
• Directed expansion of industry liaison program between equity and commodity exchanges worldwide.
• Initiated development of systems for dissemination of European equities data.
• Negotiated contract rights for information redistribution and sale, resulting in expanded product base.
• Implemented development, pricing, and advertising of new third party product resulting in multi-client sales.
Sector:
Consultants, Consultants Recruitment
Function:
- IT - Market Data, Project Management IT / Head of Department
Company description:
"Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenues and over 585,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging nearly 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to organizations of all types and sizes."
New York Stock Exchange
New York City, New York, United States
01/1976-01/1987: Director - Product Marketing at New York Stock Exchange in New York City
Director - Product Marketing
• Developed and presented marketing programs highlighting Exchange’s newest products and technologies. Made presentations to Senior Executives of Listed Firms in the United States and Europe.
Sector:
Brokerage, Full Service Broker
Function:
- Marketing - Investor relations, Marketing / Head of Department
Company description:
"NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., was launched on April 4, 2007. NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world ' s largest and most liquid exchange group and offers the most diverse array of financial products and services."
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