AQUA Names Chief Technology Officer
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Aqua, the new alternative trading system (ATS) offering block liquidity
to the global equity markets, announced that Brian Weston, a seasoned
professional with over 20 years of technical and business experience,
has been appointed Chief Technology Officer. He reports to Kevin Foley,
President and CEO of Aqua.
Mr. Foley said, "Brian's challenge will be to develop technology that
makes it safe and convenient to trade blocks again, to find liquidity
for your large order whether the other side of your trade is an
institution, a broker or even a hedge fund. Innovative, proprietary
liquidity-seeking technology that is simple and easy to use is an
important driver in our block equity electronic trading model. Brian's
deep understanding of markets and his exceptional skills and experience
managing the development of global trading systems will be an important
asset as we continue to focus on building our system and meeting our
clients' needs."
Mr. Weston said, "What I find especially exciting about joining Aqua is
the opportunity to develop new technology that facilitates the formation
of block liquidity in ways that have never before been possible. Kevin
is assembling a terrific team, and it's rewarding to be working with him
again with this new vision and commitment to deliver what the
marketplace wants."
Prior to joining Aqua, Mr. Weston was Senior Vice President of New
Markets Development with eSpeed, Inc., where he oversaw development of
BGC Partners’ Spot FX matching system, eSpeed’s
enhanced high-availability U.S. Treasury trading system, BGC Partners’
inter-dealer U.S. Treasury Repurchase Agreement trading system, eSpeed’s
Spot FX trading system, and Freedom International Brokerage’s
Canadian Bond trading system.
Earlier, Mr. Weston served as Global Development Manager for Bloomberg,
focusing on the Tradebook, AutoEx, Message and API products. In this
capacity, he was the lead designer, architect and implementer for
Bloomberg Tradebook’s Global Tradebook. He
also served with Goldman Sachs & Co., where he designed and co-developed
OMNI, an object oriented, currency and commodities derivatives middle
office system that supports processing of currency derivatives, and with
D.E. Shaw & Co. in developing back office systems. Mr. Weston holds a
B.S. from Purdue University and an M.S. from Yale University, and was an
Engineering Duty Officer in the U.S. Navy Reserve.
About Aqua
Aqua is a new electronic trading platform focused on creating new pools
of block liquidity for institutions, brokers, and hedge funds. Aqua is
expected to seek necessary regulatory approvals globally to operate an
alternative trading system. Based in New York, Aqua is owned by eSpeed,
Inc. (NASDAQ: ESPD), a leader in developing and deploying electronic
marketplaces and related trading, and by Cantor Fitzgerald, a leading
financial services provider to the institutional equity and fixed income
markets, both of which are contributing financial, professional, and
technology assets to Aqua. For more information, please visit www.aquaequities.com.
