FTEN establishes European operation

Source: FTEN

FTEN announces expansion to Europe, the establishment of FTEN Europe Ltd. and the hire of Valerie Bannert-Thurner Ph.D., who assumes responsibilities as European Executive Director.

Ms. Bannert-Thurner comes to FTEN after establishing European operations for Skyler Inc. where she held a variety of executive positions including head of product strategy, strategic alliances, marketing and business development.

"Our expansion into Europe addresses a growing demand from the European trading community," said Ted Myerson, CEO of FTEN. "Brokers, exchanges and infrastructure providers across Europe are seeking to expand their business to accommodate the rapid growth in high-frequency trading," continued Myerson. "Valerie will adapt our business model and partnering arrangements to the European landscape, while introducing best practices for high-frequency trading and high-frequency risk controls," Myerson added.

"My goal is to establish FTEN as a trusted partner for market participants who want to expand their Sponsored Access business into this high-frequency sector," claimed Ms. Bannert-Thurner.

The FTEN Execution and Risk Control platform offers hedge funds, proprietary trading firms and their sponsoring broker a platform for high speed executions across multiple venues and asset classes along with real-time pre-trade and post-trade risk controls to continuously monitor 'black box' trading positions and limits.

Ms. Bannert-Thurner has a B.S.M.E., M.S. and Ph.D. in Strategic Management from the Swiss Federal Institute of Technology, ETH Zurich. She has authored articles in finance, strategy and technology, and has spoken at several Industry conferences.

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