TradeZero Appoints Joshua Choi as Its New CFO
- The executive move comes ahead of TradeZero's public listing at the New York Stock Exchange (NYSE).
TradeZero, a US and Bahamas-based broker-dealer, announced today that it had hired Joshua Choi as its new Chief Financial Officer. According to the press release, the company expects to expand its C-suite ahead of its public listing as ‘TradeZero Global Inc.’ following a definitive agreement signed with Dune Acquisition Corporation.
“We welcome Josh to the team. His expertise in financial services, capital markets and governance fit perfectly with our plans for growth,” Dan Pipitone, CEO and Co-Founder of TradeZero, commented on the announcement. Prior to his new role at TradeZero, Choi had served as Director at Fortress Investment Group since 2015. Moreover, he worked in the private equity team of Morgan Stanley Infrastructure Partners.
“The TradeZero family culture and pursuit of excellence for its customers are core to this Company, and I look forward to serving the organization to continue its growth aspirations,” Choi said in a statement. He also holds an MBA from Harvard Business School and a BS from the University of Pennsylvania’s Wharton School.
Public Listing at the NYSE
On October 12, 2021, TradeZero reached a deal with Dune Acquisition Corporation, which would take TradeZero to become a publicly-traded company. At the closure of the merger deal, the combined entity will be called TradeZero Global Inc., and its shares, under the ticker symbol TRAD, are expected to be listed on the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NYSE).
Under the agreed terms, Dune will merge with TradeZero at a proforma combined enterprise value of approximately $556 million and an equity value of $716 million. In addition, TradeZero’s existing holders will roll all their equity holdings into the merged entity, becoming its majority shareholder with 70% of the stakes.
Founded in 2015, TradeZero established itself as a commission-free stock Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. This year, it gained popularity with the meme stock frenzy, resulting in a massive surge in its new customers.
TradeZero, a US and Bahamas-based broker-dealer, announced today that it had hired Joshua Choi as its new Chief Financial Officer. According to the press release, the company expects to expand its C-suite ahead of its public listing as ‘TradeZero Global Inc.’ following a definitive agreement signed with Dune Acquisition Corporation.
“We welcome Josh to the team. His expertise in financial services, capital markets and governance fit perfectly with our plans for growth,” Dan Pipitone, CEO and Co-Founder of TradeZero, commented on the announcement. Prior to his new role at TradeZero, Choi had served as Director at Fortress Investment Group since 2015. Moreover, he worked in the private equity team of Morgan Stanley Infrastructure Partners.
“The TradeZero family culture and pursuit of excellence for its customers are core to this Company, and I look forward to serving the organization to continue its growth aspirations,” Choi said in a statement. He also holds an MBA from Harvard Business School and a BS from the University of Pennsylvania’s Wharton School.
Public Listing at the NYSE
On October 12, 2021, TradeZero reached a deal with Dune Acquisition Corporation, which would take TradeZero to become a publicly-traded company. At the closure of the merger deal, the combined entity will be called TradeZero Global Inc., and its shares, under the ticker symbol TRAD, are expected to be listed on the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NYSE).
Under the agreed terms, Dune will merge with TradeZero at a proforma combined enterprise value of approximately $556 million and an equity value of $716 million. In addition, TradeZero’s existing holders will roll all their equity holdings into the merged entity, becoming its majority shareholder with 70% of the stakes.
Founded in 2015, TradeZero established itself as a commission-free stock Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. This year, it gained popularity with the meme stock frenzy, resulting in a massive surge in its new customers.