Instinet, a global agency broker and independent subsidiary of Nomura Holdings, Inc., has promoted Christopher Rogers to Chief Technology Officer.
Rogers, previously Chief Software Architect of the firm, will succeed Michael Bundy, who has been named CTO of Chi-X, Instinet’s new pan-European equity alternative trading system.
Rogers has worked on numerous software development projects since joining Instinet in August 2003. Most recently, he led the development of Instinet’s new core trading back end and the migration to it of the firm’s various trading products, including Newport, Instinet Trading Portal and Instinet’s algorithms and its crossing networks.
He was also one of several key technologists that built the systems that powered the Island and Inet ECNs, which now underlie the entire Nasdaq Stock Market following its 2005 acquisition of Inet.
“Chris is one of the most talented technologists in the business,” says Alex Goor, co-CEO of Instinet. “While Instinet will most assuredly miss Mike Bundy’s numerous contributions, I know that we will be in extremely capable hands moving forward.”
“I am tremendously excited to lead Instinet’s technology team,” says Rogers. “Our on going efforts to refine Instinet’s rich global platform should yield many new offerings this year.”