Founder And Ceo
New York, Ny, Us
First company to offer cross-market, real-time intraday risk management across multiple systems to the financial services industry. In 2010, FTEN was acquired by NASDAQ OMX as an integral part of its strategy to provide cutting edge, cross-market risk management solutions to market participants to address increasing demands for real-time, cross market transparency, accountability and control required by regulatory reforms and changing market structure dynamics.Through the creativity and ingenuity of the FTEN team, the company was recognized as the technology leader on Wall Street and around the globe for managing systemic risks associated with cross system, cross asset, cross venue trading.The innovation and creativity that FTEN represents in the financial markets was highlighted by the fact that in 2008 Goldman Sachs, J.P. Morgan, Merrill Lynch and Credit Suisse invested in the company - no small feat in the tumultuous economic environment at that time.FTEN was recognized two years in a row by Inc Magazine as one of the fastest growing software companies in the U.S. In 2009, FTEN was an Inc 500 'Top 50' fastest growing software company with revenue growth of 2,864% from 2005 to 2008. And in 2010, FTEN was recognized again as an Inc 500 'Top 50' fastest growing software company with revenue growth of 4,531% from 2006 to 2009.The Financial Times and other publications have highlighted FTEN's contributions to global systemic risk management. For example, Financial Times stated that "FTEN, a privately held risk management company, on Tuesday said it had been awarded a patent for technology that would allow market participants and regulators a way to monitor risk in “real-time”, across market platforms. The move is a sign of how the provision of real-time risk management in the trading and clearing business is increasing in importance as regulators respond to the perceived risks associated with high-frequency trading."
