Vela, a provider of high-performance trading and market data technology, announced on Tuesday that it has hired Scott Visconti as its Chief Technology Officer. In this role, Visconti will focus on the company’s technology strategy.

In addition, he will also help support Vela’s growth in its next stage of development, particularly in relation to developing the company’s product stack, services, and processes. In his new role, Visconti will be based in New York at Vela’s headquarters.

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He will report to the company’s Chief Executive Officer, Jennifer Nayar. In addition to the abovementioned responsibilities, Visconti will also work alongside the firm’s executive team to increase its reputation as a leader in innovation.

Commenting on the appointment, Nayar said: “We are delighted that Scott has joined Vela. Having Scott as part of our executive team underpins our focus on hiring high-caliber leaders to deliver quality technology solutions for our global clients.”

“Scott is a highly-accomplished technology executive with a wealth of experience across multiple asset classes, a keen interest in mentoring and motivating cross-functional teams, and a determination to deliver new products and services. He is a well-known and respected technologist in our industry and brings deep knowledge and expertise in areas including trading technology, risk management, and data analytics.”

Scott Visconti’s Career Before Vela

Before joining Vela, Visconti co-founded the startup data analytics platform, MarketOpen. The platform provides trading surveillance in stocks, exchange-traded funds, equity options, futures and crypto assets.

Visconti was also employed at the New York Stock Exchange (NYSE), where he was Vice President of NYSE Group Technology. Here he managed a range of functions including development, quality assurance, and IT compliance. During his career, Visconti has also held senior roles at BNP Paribas, Credit Suisse, and S&P Comstock.

Speaking on his new position, Visconti said: “Vela has a unique position in the marketplace and a reputation as being agile and forward thinking. I am pleased to be joining the company at this very exciting time and I look forward to working with the team to leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability.”