TAG appoints Ferstand to head compliance division

Source: TAG

TAG, a pioneering provider of independent execution quality and transaction cost analysis metrics for the buyside and sellside, today announced it has appointed Walter Ferstand, a veteran compliance and regulatory expert, as senior vice president of its Compliance and Regulatory Consulting Services.

Mr. Ferstand brings to TAG 25 years of compliance and regulatory experience in the securities industry. Prior to joining TAG, Mr. Ferstand held senior-level compliance positions at both Instinet LLC, a pioneer in global electronic trading services; and MF Global, a leading commodities and listed derivatives broker. Before that, Mr. Ferstand served in various market operations management capacities during a 10-year tenure with NASDAQ.

Mr. Ferstand will work closely with TAG's brokerage and exchange clients and prospects to evaluate educate and advise on specific order reporting requirements, to ensure that each firm has a customized analytic reporting tool based on their specific business requirements. Mr. Ferstand will focus on cross asset electronic and DMA trading requirements, including Reg NMS 605 and 606, OATS,TRACE, TRF and MSRB Compliance Reporting.

"The regulatory requirements around what and how brokers and exchanges approach and document their order handling, routing and execution activities continues to grow in complexity," said Roger Post, Executive Vice President at TAG. "Each firm's specific business model may introduce slight, yet significant nuance into how that information should be captured and measured. Walter's vast experience on the broker and exchange side of the business offers a wealth of practical knowledge to our clients and adds tremendous value to TAG's approach to providing in-depth, customizable, and intuitive trading analytics for the financial industry."

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