FTEN, an independent non-broker dealer financial technology company, has announced the appointment of Daniel Nole to the position of Chief Operating Officer.
In his most recent position, Mr. Nole was Chief Operating Officer for Portware, a trade automation company. Mr. Nole was recruited to spearhead operations related to FTEN's first-tier clearing firms and black-box clients. Mr. Nole's appointment is effective immediately.
"FTEN continues to attract talent of the highest caliber. Dan has a proven track record and is a respected leader in our industry," stated Ted Myerson, President of FTEN. "We are thrilled to have top tier players, such as Dan, join us to meet the needs of our rapidly expanding client base and distribution channels. Dan will play a significant role in managing FTEN's daily operations and in executing FTEN's initiative in its international expansion, including Europe and Asia," said Myerson.
Mr. Nole remarked, "FTEN has the product, talent, and resources to meet and exceed customer expectations and become the de-facto leader as the highest performance trade execution and risk management solutions provider. FTEN is committed to providing exemplary services. I look forward to working with the FTEN team."
Prior to joining FTEN, Mr. Nole held high-level positions in several leading financial securities technology companies, including NYFIX Millennium, and Vie Financial Group. He previously served as a Boston Stock Exchange Floor Specialist and began his career as a corporate auditor with Ernst & Young. Most recently Mr. Nole was Chief Operating Officer at Portware, a leading developer of broker-neutral, automated portfolio trading software.
FTEN is an independent non-broker-dealer ASP-based technology company. Each trading day, FTEN processes 15-25% of the entire U.S. equities daily volume and $15-30 billion in real-time intraday risk calculations.