Signals Commitment to Major Global Presence
(New York: June 13, 2006) - Tradeware Global Corp., the leading broker-neutral solution provider for electronic access to 58 equity markets worldwide, today announced the recruitment of David Meredith, formerly Head of Technology and CIO of Thomson Financial, to the newly created position of Chief Technology Officer. Over the course of the last year, Tradeware moved to provide seamless transaction capability for equities in markets worldwide. Meredith’s decision to join in that effort ensures that the firm has in place the leadership to provide clients with technological solutions to the problem of access to global liquidity in a cost-effective way.
Under the leadership of Howard Schwartz, Tradeware’s Chairman and CEO, Tradeware has made critical management hires and aligned the company to meet its client and marketplace goals. Meredith’s recruitment is the latest in that series of moves.
As CTO, Meredith will spearhead the alignment of technology with the firm’s objectives and is responsible for the technology direction of the company including planning, implementation and resource deployment. To insure that Tradeware clients are provided with a seamless and integrated technological solution to support their trading needs, all technology related groups, including Product Development, Development, Quality Assurance and Operations will report to Meredith. Meredith will report directly to Schwartz and will also serve on the firm’s Management Committee.
Before joining Tradeware, Meredith was Head of Technology/CIO for Thomson Financial, where he was responsible for the technology effectiveness of the corporation. Prior to Thompson, he was the CEO of Intara Inc., a technology consultancy which provided services to Fortune 500 companies with a focus on customer-facing applications. Additionally he managed the investment banking technology group at Merrill Lynch and led the initiative for the re-engineering of the trading floor and related trading systems at Banker’s Trust.
Said Howard Schwartz, Tradeware’s Chairman and CEO: “Through our GlobalX™ offering Tradeware partners with our clients, providing the technology that enables global direct market access. David’s breadth and depth of experience in using technology as a force for client growth will assure Tradeware’s technology and its delivery to our clients becomes the industry standard.”
Said David Meredith: “Tradeware’s business model provides clients with access to global markets that at once saves transaction costs and reduces the previously cumbersome processes to transact worldwide. For firms committed to global growth, technology will play a critical role. Tradeware provides the engine for that growth. We are committed to deploying best of breed technology that our clients need for their success in the hyper- competitive global financial services markets.”