CHICAGO--(BUSINESS WIRE)--Cheevers & Company, Inc., an agency-only brokerage providing execution services for a diverse range of institutional clients and asset managers in both domestic and international equities, today announced the addition of Ryan Peterson as Chief Compliance Officer.
Mr. Peterson, who comes to Cheevers & Company from Fox River Execution Technology, LLC, where he also served as Chief Compliance Officer, now leads Cheevers & Company’s compliance staff. Unlike many other agency brokers in their space, Cheevers & Company has a team exclusively dedicated to compliance. The compliance team oversees risk management parameters and monitors the firm’s trading activities. They ensure firm best practices, which are in place to help avoid “fat finger” errors, review the order audit trails (OATs), and fulfill industry regulations. The group also leads Cheevers & Company’s quarterly attestations and annual compliance meetings.
Further, the firm has a 1:3 ratio of principals to registered representatives, considered a much higher ratio than most agency brokerages. Since a large concentration of Cheevers & Company employees hold FINRA Series 24 licensing, more of them are certified to supervise and manage a trading desk. The firm also analyzes daily trading activity and provides clients with detailed post-trade analysis.
Laura Yunger, President of Cheevers & Company, remarked, “With adhering to regulation at the top of our priorities, we take pride in having a team exclusively dedicated to compliance and a high ratio of principals to registered reps. We are very pleased to announce Ryan as CCO. His deep knowledge of trading regulation, experience and commitment will help us to add to an existing strength of our business.”
Mr. Peterson holds a Masters of Law (LL.M.) in Financial Services with a concentration in securities regulation. He has also earned a Juris Doctorate of Law, a Master’s degree in Business Administration and a Master of Arts and Bachelor of Arts in Political Science.
About Cheevers & Company, Inc.
Cheevers & Company, Inc. is an agency-only brokerage firm that provides execution services for institutional clients in both domestic and international equities. Based in Chicago, Cheevers & Company has been offering clients proven reliability in execution services through their experience, innovation, and performance since 1982. Their clients include major brokerage houses, investment banks, asset managers, and pension funds. In constant search for best execution, Cheevers & Company has expanded its reach to include most domestic liquidity pools, as well as international markets. Cheevers & Company’s wide breadth of liquidity pool access and trading algorithms empowers their clients with an abundance of execution choices. Cheevers & Company is a certified Women’s Business Enterprise (WBE) and a member of FINRA, SIPC, CHX, BATS, and DirectEdge. For more information, please visit www.cheeversco.com