Platform Provider OMEX Systems Appoints Two Ex-Wall Street Senior Technology Executives

Broker-neutral trading systems provider OMEX Systems has made two senior level appointments in New York yesterday, raising the firm’s headcount across the organization to 22.

Joining the firm as Head of Sales is Antonio Panos, the former co-founder and sales director for Mixit Systems, Inc., the sell-side equities trading system vendor which first came to market in 2002 and was acquired in 2011 for $20 million by UK-based futures market vendor Patsystems Plc.

In addition to Mr. Panos, Matthew Weiss, a 15-year trading technology veteran, has been appointed Head of Client Support for OMEX. Mr. Weiss was most recently VP of Buyside Sales for Blockcross ATS; he previously held senior sales management roles for industry icons Lava Trading (a Citigroup subsidiary), NYSE Group's Archipelago Holdings and MB Trading.

Boutique Approach To Technology

OMEX systems was founded five years ago, and considers the market to be somewhat lacking in truly comprehensive and cost-efficient broker-neutral direct market access (DMA) platforms.

The firm has committed itself over the last four years to evolving from a self-described ‘under the radar technology boutique’ to a platform provider which is able to compete with other established technology companies in providing solutions for sell-side and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms.

The multi-asset OMEX platform is designed for firms that require a full suite of order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management, risk controls, commission management features, multi-custodian trade allocation and straight-thru processing in one, easily-customized platform; features that are typically only attainable by mashing up disparate software products from multiple, premium-priced vendors.

Speaking on behalf of OMEX, the firm’s COO John Houlahan welcomed Mr. Weiss and Mr. Panos to their new senior positions: “"When considering the ultimate value-add of any aspiring technology firm is it's human talent, the addition of industry high-profilers Tony Panos and Matt Weiss further enhances our platform's credibility with those who would ordinarily defer to the most recognized brands in the space."

"More importantly, their joining us further ensures that every interaction we have is conducted with the highest degree of knowledge, skill and professionalism" he concluded.

Mr. Houlahan himself is an industry veteran of notable experience; his 23 year career spanning across technical leadership positions at HSBC, Capgemini, and SIAC.