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Tbricks appoints Urs Rutschmann as Chief Operating Officer

Tbricks, the provider of next- generation trading systems, today announced the appointment of Urs Rutschmann as COO. Mr. Rutschmann will be responsible for all operational aspects of Tbricks, including strategy, sales, marketing and client services.

Mr. Rutschmann brings 20 years experience of building businesses in the financial technology sector. He joins from actant, a leading provider of automated quote management solutions, where he spent the past five years as CEO. Prior to actant, Mr. Rutschmann was head of European Sales and Marketing at SunGard Front Arena in Stockholm and COO at SunGard Business Integration.

"Urs´ long experience and exceptional track-record in the trading technology industry made him the ideal choice for Tbricks,” said Jonas Hansbo, CEO of Tbricks. “His industry and business development expertise will be a strong contributor to achieving our ambitious plans.”

"Tbricks offers everything I was looking for,” said Mr. Rutschmann.

“It has been founded by a team of world class trading systems specialists with a proven track record. The Tbricks Genesis system is a spearhead product with a modern design that meets the challenges of today's trading environment. I look forward to helping the company to realize its full potential.”

Tbricks launched its premiere product – the Tbricks Genesis automated trading system – earlier this year. Tbricks will initially focus its activities on financial institutions engaging in proprietary trading.