What Happened?
New York, NY-based Pico Quantitative Trading Appointed Paul Cassell as Chief Information Officer
About the Company
Pico is a financial technologies services firm and agency only broker dealer established under the business principals of providing distinguished products and services, delivering innovative and pragmatic technology solutions, and offering significant market structure and regulatory expertise. Pico`s client base encompasses the full spectrum of market participants including proprietary trading groups, market makers, asset managers, banks, broker dealers, hedge fund, technology vendors and liquidity venues. Founded in 2009, we have grown to include over 80 employees in 3 offices and 13 datacenters in North America and Europe, providing solutions for every asset class. Pico provides infrastructure, integration management, and software solutions to a diverse financial services client base. We have developed a sizable and broad financial technology managed services business spanning 10 datacenters in North America and 4 in Europe. We have created a strategic and growing ecosystem of trading applications, market data, and analytic software providers within our hosted environment. Pico processes a significant amount of real-time order and execution data for its brokerage business and has developed solutions for risk management and regulatory reporting. Pico`s management team has deep relationships with clients, banks and brokers, exchanges, technology vendors and is seeing significant opportunities to upgrade infrastructure, offer outsourced solutions and provide cost savings to various market participants.
About the Person
Paul Cassell is the Chief Information Officer at Pico. In this role, Paul oversees all aspects of Pico’s technology function, including network and systems engineering, data center operations, disaster recovery and business continuity planning and technology policies and procedures. He also leads the firm’s growing consulting division, Pico Consulting, a division of SpryWare, LLC. Cassell was hired in 2015 as an addition to Pico’s senior management team, and as the firm accelerated its global expansion. Paul has over 25 years of experience in financial services and technology. Most recently, he served as founder and President of PC IT Consulting Inc. There he helped top-tier clients transform their IT operations, including leading multimillion-dollar infrastructure outsourcing programs, conducting comprehensive IT evaluations, assisting with strategic hires and providing expert opinion to investment firms. Prior to forming his own firm, Paul served as U.S. CIO for NYSE Euronext and the New York Stock Exchange, where he oversaw a $300 million budget for an S&P 500 company with more than $3.5 billion in annual revenues and a workforce in excess of 1,500 that spanned three continents and 10 countries. Additional previous roles include managing director at Archipelago; managing director at Instinet; senior business analyst at Optimark Technologies; program trader/systems analyst for the Floor Broker Network; and as an equities trader for IBM Retirement Fund. Paul is a member of the Wall Street Technology Association. He has been quoted in national industry media outlets such as CIO magazine and FierceCIO, and has served as a featured speaker at forums such as the CIO Summit and ServiceNow Knowledge conference
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