Mr. Herfeld brings more than 20 years of experience in the financial industry to Celoxica. He joined the firm in March to begin a full evaluation of its product design and engineering processes for its suite of hardware-accelerated, FPGA-based market data and trade execution products for high-frequency traders. Going forward, Mr. Herfeld will oversee all of Celoxica's technology engineering, development and enhancement projects.

Prior to joining Celoxica, Mr. Herfeld was the European Head of Development for Cash and Derivatives trading platforms at NYSE Euronext, where he served for five years. Prior to NYSE Euronext, Mr. Herfeld served at Deutsche Bank, where he was Director, Global Head of Order Management System and European Market Connectivity; and Goldman Sachs, where he was an Executive Vice Present in the Equities IT Division.

Mr. Herfeld's joining Celoxica follows a year of rapid growth for the firm, including the opening of offices in New York and Chicago, expansion from equities products into futures and options asset classes, and an increase in firm employees.

"Gilles' appointment comes at a crucial stage of Celoxica's growth roadmap," said John Oddie, CEO at Celoxica. "Following the launch of our game-changing single-server ContainerTM technology for high-frequency traders, Celoxica is poised to deliver tangible trading latency improvements to its clients through smarter engineering. Gilles vast experience and hands-on approach will ensure we continue to deliver on that promise and maintain our status as market leader for hardware accelerated HFT solutions."