Advanced Financial Applications appoints Craig Messinger to board of directors

Source: Advanced Financial Applications

Advanced Financial Applications (AFA), a leading provider of Integrated Order Processing trading technologies to buy and sell side financial organizations, today announced that Craig Messinger has joined the Board of Directors.

As the former President of Fidelity Capital Markets and former President of Lehman Brothers Canada, Mr. Messinger brings substantial industry expertise and experience to AFA. Prior to joining the board, he advised AFA on its strategic direction and product suite, a role he will continue to fulfill in his board membership.

Previously, Mr. Messinger served on the boards of Redi ECN, Arca-X, the CBOE, the Boston Stock Exchange and the Bond Market Association.

Commented Ameet Shah, AFA's Chairman and CEO: "AFA is committed to providing buy and sell side traders with order efficiencies that improve performance and profitability. We are dedicated to improving traders' ability to both garner order flow and reduce cost on each and every trade. It is a commitment and a dedication which Craig has advocated for in the financial services industry and which he shares with AFA. His depth and breadth of industry knowledge is a critical element in helping us achieve our goals on behalf of our clients, and we are pleased that he has accepted the invitation to join our Board."

Said Craig Messinger: "AFA is leading an important change in financial services. While technologies have taken firms a long way, they have also brought duplications and redundancies that have hindered efficiencies and which need to be addressed. AFA's open software architecture, focus on STP, ability to improve workflow and provide market access with one application uses technology to take the industry forward. I am pleased to be participating as a Board member in this important effort."

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