Direct Edge announced today that Steven Bonanno will step down as Chief Technology Officer in May 2011. Direct Edge has commenced an active search for Bonanno's replacement.
William O'Brien, Chief Executive Officer, Direct Edge, said, "Steve has been a valued member of my executive team since Direct Edge began operating as an independent company, and played an integral role in Direct Edge's successful transition to its new exchange technology platform last July. I am incredibly grateful to him for the contribution he has made to Direct Edge in his tenure here, and wish him success and happiness in all his future endeavors."