NEW YORK--(BUSINESS WIRE)--The Investors Exchange (IEX), operated by IEX Group, Inc., today announced the addition of two senior hires, Bill Guinan and Jonathan Yam, to lead business and technology development.
Mr. Guinan is being appointed as Head of Business Development and will join IEX following 14 years at Bernstein, most recently as Head of U.S. Sector Trading. In this new role, he will lead the team responsible for partnering with IEX’s buy-side and sell-side users to improve trading performance on IEX, working closely with Chief Strategy Officer Eric Stockland and Head of Market Development Boris Ilyevsky.
“I’ve experienced IEX’s industry-leading performance as a trader executing on their platform and there’s no other venue that compares in terms of the quality of its liquidity and its ability to match shares and blocks without moving the price,” said Mr. Guinan. “I’ve been a believer in IEX’s mission from the beginning and am excited for the opportunity to collaborate with IEX’s clients to increase usage of what this team has built. For the value they offer, IEX’s market share should be much higher – so raising awareness among my peers in the trading community will be my top priority.”
Mr. Yam joins IEX as Head of Technology Development, where he will lead the team responsible for building and refining new products and features to enhance IEX’s performance. Mr. Yam was previously Director at Citi, where he led a team of more than 50 developers with global responsibility for the development of electronic trading systems.
“Working in technology development in the routing and trading space, it’s impossible to ignore the impact that IEX has made on this industry,” said Mr. Yam. “The future of trading will be defined by new ways to enable better execution – and there’s nowhere better to be doing that as a technologist than working at IEX.”
“The first part of our company’s life was all about the fight to become a stock exchange: securing funding, building the technology, launching the ATS, attracting order flow, and earning SEC approval to run an Exchange. Today, not only has IEX successfully overcome those challenges, but the landscape is shifting in our favor as IEX is the only exchange aligned with brokers on curbing exchanges’ monopoly pricing, and transparency efforts like the SEC Transaction Fee Pilot will shine a light on execution quality,” said IEX Co-Founder and CEO Brad Katsuyama. “We see huge opportunities for IEX, both as an exchange and through new businesses, so the addition of senior leaders like Bill and Jonathan takes us one step closer to fully realizing our potential. We are very excited, and there are more announcements to come.”
Both Mr. Guinan and Mr. Yam will assume their new roles on June 3. Mr. Guinan will report to IEX President Ronan Ryan, and Mr. Yam will report to Chief Technology Officer Rob Park.
IEX Group is on a mission to build fairer markets by setting new standards for performance and transparency. Founded in 2012 and headquartered in New York City, IEX Group introduced its first trading venue in 2013 and launched the Investors Exchange (IEX), the only independent U.S. stock exchange, in 2016. In less than two years, IEX has grown to be one of the Top 10 largest exchange operators, globally, by notional value traded. Learn more at iextrading.com.