Kurt Klein, 51, joins CMS from market data consulting firm Market Data Integrators LLC, which he founded in 2003. With over 19 yearsâ experience at executive management level in the financial technology industries, Kurtâs previous roles have included Senior Vice President at Hyperfeed Technologies and both Vice President Product Management & Business Development and Vice President Sales & Marketing at FutureSource Inc.
In his new position at CMS, Kurt will take overall responsibility for sales and marketing activity in the USA, reporting directly to Bob Antell, Chief Executive of CMS. Specifically, this will include the ongoing management of existing customer relationships, including those with Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange, and the identification of new business opportunities for TDI within the exchange and banking technology sectors in the USA.
TDI is a modular suite of software that is used to collect, process and redistribute large amounts of real-time financial data, which has been adopted by prestigious financial institutions such as the CBOT, the London Metal Exchange and the Chicago Mercantile Exchange.
In December 2003, CMS raised Â£2.5 million in new funding to finance its international and UK expansion.
Kurt Klein, Director, North American Operations, said:
"The new position with CMS in Chicago provides me with a really enticing strategic challenge. I am delighted to be joining at such an exciting time for the company and believe that TDIâs clear benefits will offer market data technicians at banks and exchanges an elegant service solution to their complex financial data management needs."
Bob Antell, Chief Executive of CMS WebView, said:
"Having already secured the Chicago Board of Trade and Chicago Mercantile Exchange as key retained TDI clients in the US, we see the USA as ripe for further penetration. Our target sectors are international banks as well as exchanges, where the handling of vast tracts of financial data requires highly sophisticated software systems, such as TDI provides.
"The hiring of Kurt, with his tremendous contacts and experience, is something of a feather in our cap and we are delighted that he is joining us to help drive US growth."