Thesys Technologies, LLC, the leading big data provider and technology subsidiary of Tradeworx, Inc, and Thesys CAT LLC (Thesys CAT), the Thesys Technologies subsidiary and Plan Processor for the SEC's Consolidated Audit Trail (CAT), announced today the appointment of Andre Frank as President of Thesys CAT, effective January 1, 2018. The newly created position was added to provide additional leadership and resources for the build and operations of the CAT. This position will report to Mike Beller as part of the Thesys Technologies CAT Advisory Committee. Mr. Frank was previously Chief Operations Officer at Thesys Technologies.
Additionally, Thesys announced that Thaddeus Covert, currently Chief Technology Officer (CTO) for Thesys Technologies, will officially become Chief Technology Officer for Thesys CAT, effective January 1, 2018. Thaddeus was previously a part of the CAT bid and oversaw the build and technology operations for Thesys CAT. The shift to CTO role for Thesys CAT will allow him to focus solely on the CAT technology for both the build and operational phase of the CAT. Furthermore, Thesys Technologies announced the recent appointment of Ali Hackett as Chief Revenue Officer. She will assume the product development aspect of Mr. Frank's role and business operations in addition to her sales, strategy and organizational growth responsibilities. Other key roles will be added at Thesys Technologies along with an Office of the CTO, which was established during this transition and will report to Mike Beller.
Mike Beller, CEO, Thesys Technologies said, "This year we experienced fast paced growth as a result of major business wins such as being selected to build and operate the Consolidated Audit Trail. As we continue our expansion we are making strategic personnel adjustments at our subsidiary Thesys CAT and adding talent at Thesys Technologies to provide additional leadership as we continue to grow and progress at both organizations."
"The executive transfers of Andre Frank and Thaddeus Covert from Thesys Tech to Thesys CAT are both strategic and natural moves. Both Andre and Thaddeus were instrumental in the the win for the SEC's CAT initiative and in growing our financial big data business while executing on the Thesys market structure technology vision. We are certain these management adjustments will continue to lead us on a successful path while we pursue our strategic growth plans at Thesys Tech. Ali's addition to the team has brought a level of sophistication across a number of critical business initiatives including sales, marketing, and product management, which has already impacted our business. We are confident these management changes will strengthen our organization," Beller added.
Andre joined Thesys Technologies in 2014 and was responsible for all aspects of the product and service organization, including information technology, risk and security, operations and program management office. Thaddeus has been a critical part of Thesys Technologies for over five years, defining architecture and leading development in many areas across the firm. In this new role he will focus his full time efforts on the success of Thesys CAT and the CAT project. Ali joined Thesys Technologies from the London Stock Exchange Group (LSEG) in August 2017 where her responsibilities included sales, relationship management, marketing for LCH and Head of the Americas for LSEG.
Mike Beller will continue to serve in his capacity as CEO of Thesys Technologies and will continue to provide strategic advice and oversight for Thesys CAT as the head of the Thesys Technologies CAT Advisory Committee.
About Thesys CAT LLC
Thesys CAT LLC is a subsidiary of Thesys Technologies, the leading big data solutions and market structure technology provider, and Plan Processor for the Consolidated Audit Trail.
About Thesys Technologies, LLC: Thesys Technologies, LLC is a market structure technology provider, focused on delivering high performance trading technologies and big data solutions to financial market participants. Thesys' technology includes pre- and post-trade surveillance tools, low latency trading platforms, matching engines, and big data analytical tools such as those provided to the U.S. Securities and Exchange Commission as the MIDAS system. Thesys Technologies, LLC is headquartered in New York with offices in Charleston, South Carolina.
For more information on Thesys Technologies, LLC, please visit the website at www.thesystech.com.