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Former NASDAQ Chairman, Steve Swanson, joins Fidectus

Former NASDAQ Chairman, Steve Swanson, joins Fidectus

Zürich, September 18, 2020 – Fidectus is proud to announce Steve Swanson as an Advisory Board Member. Steve developed the first High Frequency Trading platform, Automated Trading Desk (ATD), in 1989. After twelve years of growing the company, Swanson was named President and CEO where he was responsible for increasing ATD’s market share to 7% of US daily equity trading volume. In 2007, ATD was sold to Citigroup for $680 million, where Swanson was global co-head of electronic trading for equities. Steve served as Chairman of the NASDAQ Quality of Markets Committee and is a past member of the Securities Industry and Financial Markets Association committee for Trading & Markets. In 2011 Steve was named one of “The Top 10 Innovators of the Decade” by Wall Street Technology for the market changes ATD influenced.

“Fidectus post-deal services help Over-The-Counter (OTC) energy trading make a step change into the future. Costs per trade for energy traders are currently ten times as high as for investment banks, mostly due to dated legacy technology and manual work. Fidectus services provide the technological advances needed to level the playing field for OTC energy trading extending the value of OTC trading by putting cash back into the business”, says Steve Swanson.

“Steve’s experience as a founder and pioneer in the trading industry is invaluable to Fidectus and our customers”, says Chris Sass, Chief Commercial Officer and co-founder of Fidectus. 


 

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