Gate Technologies, a global financial technology company creating market infrastructure for buying and selling illiquid and alternative assets, announced today the launch of Gate Pro, the US-based trading platform of its subsidiary, Gate US.
GATE US, LLC is a FINRA-registered broker-dealer, and features the first fully electronic trading platform specializing in illiquid assets. The first securities to be offered for trading on GATE Pro will be private company stock and private investments in public equities. GATE Pro's launch follows its recent approval of ATS status for Rule 144A securities.
"By bringing liquidity, transparency and price discovery to a traditionally opaque marketplace, the GATE Pro platform will - for the first time - bring buyers and sellers of these securities together electronically," said Joseph Latona, Head of Trading for GATE US.
GATE Pro is the first of several platforms that GATE Technologies expects to launch and/or license with a goal of developing electronic trading markets for various alternative asset classes, which the company refers to as a GDM, or "GATE Developing Market."
First Platform Launch for GATE Technologies
Founded in 2009, GATE Technologies creates new market infrastructure that brings efficiency, liquidity, and transparency to unstructured global alternative asset markets.
"GATE Technologies empowers market participants to find the best price for their illiquid assets," said Vincent Molinari, co-founder and Chief Executive Officer of GATE Technologies. "From information gathering and analytics, to trade execution and settlement, GATE provides an end-to-end transaction process for complicated transactions in addition to an efficient, electronic and open market."
In addition to his executive role, Mr. Molinari is also the founder of Global Access Holdings LLC, a financial media and analytics company, which identified a global trend line of illiquid securities and the potential market need for alternative asset trading platforms. Before Global Access Holdings, Mr. Molinari was the Chairman & CEO of Burlington Capital Markets LLC, a financial services company specializing in institutional execution serviceses and investment banking activities.
Mr. Molinari co-founded GATE Technologies with Lori Livingston, who serves as the firm's Chief Technology Officer. Ms. Livingston was the founder of Transfer Online, a stock transfer and registrar agency, was one of the first in the industry to bring transfer agent services and full reporting to the internet.
Also part of the GATE Technologies executive team is Jeanne Murtaugh, Head of Strategy. Mrs. Murtaugh was formerly Vice Chairman Emeritus of BNY ConvergEx Group, LLC, a leading firm in agency brokerage and investment technology solutions. She was one of the early pioneers of electronic trading/connectivity and leading trends in investment life cycle technology solutions.
Additionally, Sameer Ahuja serves as GATE Technologies' Chief Operating Officer. Mr. Ahuja's career highlights include working on strategic projects for the leadership of JPMorgan Chase & Co.'s investment banking division, as well as in the bank's early-stage venture capital division evaluating investments in e-finance companies.