TrueDigital Holdings (TDH) has named Michel Finzi as Chief Commercial Officer. The company has also appointed Susan Gammage and Josh Gibson as directors of its institutional sales.
Michel Finzi is the founder and managing partner of Whitecrest Funding, LLC. Prior to that, he was the head of transaction services for Nasdaq’s U.S. equities division. He took the post in July 2011 and was responsible for managing strategy, sales and market operations for Nasdaq’s three US equity exchanges.
Before coming to Nasdaq, Finzi was the head of business development at ConvergEx RealTick. Finzi left RealTick in December 2010 when the company was acquired by the ConvergEx Group.
Finzi also worked for Instinet from 1988 to 2003, managing institutional client P&L’s, international equity trading businesses and electronic trading for buy-side and sell-side entities.
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TrueDigital Crypto Indices
TrueDigital’s product provides institutional-grade resources and real-time information for those trading in cryptocurrency markets through a standardized reference rate and spot price index.
The product aggregates the trade flow of crypto exchanges during a specific calculation window into a reference rate of the US dollar price. Calculation rules are geared toward real-time replicability in underlying spot markets.
The service amassed more than 25 million price points, comprised of bid and offer pricing from top cryptocurrency market makers, which signals growing commitment among the financial technology providers to the nascent space.
Commenting on his appointment, Finzi said: “This is an exciting time for digital assets. trueDigital has proven its strength in this emerging marketplace by delivering on blockchain projects and derivatives that others in the space have been talking about for years. The company has tremendous assets and a vibrant team with some of the sharpest minds in traditional and digital finance. I’m looking forward to building up our commercial strategy and driving meaningful growth and adoption.”
Thomas Kim, CEO of trueDigital added: “Michel, Susan and Josh are all world-class executives and will play an impactful role in further strengthening trueDigital’s businesses.”