NEW YORK--(BUSINESS WIRE)--tZERO, a technology company and global leader in blockchain innovation for capital markets, announced today that Elliot Grossman has been appointed Chief Executive Officer (CEO) of its upcoming broker-dealer affiliate. Grossman, who was most recently the managing director of equity trading at Dinosaur Financial Group, LLC (Dinosaur), a New York-based institutional brokerage firm, will oversee the establishment and management of the anticipated retail brokerage services affiliate.
As CEO, Grossman will be responsible for establishing and managing the retail broker-dealer businesses, which includes sales trading, electronic execution and portfolio execution for buy- and sell-side clients. By combining client‐first service with innovative products and sophisticated strategies with tZERO’s proprietary technology, the new broker-dealer, under Grossman’s leadership, aims to be the leading next generation brokerage firm for investors and financial intermediaries. The new brokerage affiliate is in the process of applying for required regulatory approvals prior to commencing operations.
“Having worked with Elliot Grossman at Dinosaur Financial Group, I am confident that he is the right person to build on our momentum,” said tZERO CEO Saum Noursalehi. “Elliot’s 15 years of experience in capital markets will be invaluable in building the next generation retail broker-dealer. His skills in combination with our expertise in automation and building world-class user experiences will revolutionize how investors trade assets.”
Grossman is a founding member of Dinosaur and was most recently the managing director of equity trading at that company, as well as the senior vice president at DCM Advisors, an SEC registered investment advisory firm. Over his 15 years at Dinosaur, Grossman pioneered the company’s equity business and was also in charge of the firm’s electronic trading systems and strategies. While at Dinosaur, Grossman assisted in the development of the company’s U.S. private client group as well as launched the firm’s international equity trading business.
“Leading tZERO’s new broker-dealer affiliate is an honor and I’m eager to be joining this effort at such an exciting time. I look forward to continuing to build on the successes that the tZERO team has achieved as we continue to create a truly unique offering for our clients,” said Grossman.
tZERO is a technology firm that was founded in 2014 with the goal of utilizing blockchain technology to revolutionize Wall Street so that financial processes could become less beholden to traditional institutional market structures and to bolster and enhance market integrity. tZERO is a portfolio company of Medici Ventures, the blockchain subsidiary of Overstock.com.
tZERO Group, Inc. is not a registered broker-dealer, funding portal, investment adviser or investment manager and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions. Any broker-dealer services are provided through registered broker-dealer partners or affiliates. SpeedRoute LLC and PRO Securities, LLC are subsidiaries of tZERO Group, Inc., and are broker-dealers registered with the SEC and members of FINRA and SIPC. More information about SpeedRoute and/or PRO Securities may be found at www.finra.org. Any new broker-dealer affiliates or subsidiaries of tZERO are subject to regulatory approval and filings. For more information on tZERO, please visit tZERO.com.