Trading Technologies International, Inc. (TT), a leading global provider of software and solutions for professional derivatives traders, today announced the appointment of Rick Lane as EVP/CTO. In this role as chief technology officer, Mr. Lane leads the company’s global engineering, support and technology initiatives.
Mr. Lane re-joins TT from Google, where he worked as a product manager on their display ad serving technology. He first joined TT in June 2010, when TT acquired the company he cofounded, TickIt Trading Systems. At TickIt, Mr. Lane was the principal architect of ADL™, a revolutionary visual programming platform that represents a major breakthrough in automated trading. Using drag-and-drop building blocks, ADL allows traders and programmers alike to rapidly design, test and deploy automated futures and options trading programs without writing a single line of code. ADL is now fully integrated with version 7.11 of X_TRADER®, TT’s signature order-entry screen. X_TRADER 7.11 and ADL were released to customers last month as part of a milestone trading platform upgrade.
“I am thrilled to be back at TT and am very optimistic about our future. The electronic trading landscape has seen dramatic change over the last several years and is constantly evolving, which gives us an amazing opportunity to continue to innovate and further enhance our reputation as one of the world’s leading professional trading software companies,” said Mr. Lane.
“I am very excited about Rick’s ability to keep pushing the pace of innovation at TT. With a vision that embraces trading, technology and scale, I’m confident he will lead TT to deliver cutting-edge trading solutions for our customers,” said Harris Brumfield, TT’s CEO.
Prior to cofounding TickIt in October 2009, Mr. Lane worked for a proprietary trading firm, where he developed trading algorithms for the Chicago futures markets. Before entering the financial sector, he worked at consulting firm Booz Allen Hamilton, where he developed defense-analysis software for the U.S. Department of Defense and other government agencies. He holds a degree in computer science from the Georgia Institute of Technology.