Chi-X Global, a global provider of market infrastructure technologies and trading venues, has hired Steven Silberstein as chief information officer. Additionally, Gregory Smith, CEO of Chi-X Global Technologies, (Chi-Tech), the technology services unit of Chi-X Global, has been named vice chairman of Chi-X Global.
Mr Smith will focus on business strategy and the commercialization of the products and services offered under the Chi-Tech umbrella, as well as leveraging the products of Chi-X Global’s market centers.
Mr Silberstein will be responsible for all aspects of the firm’s technology, leading the technology coordination between Chi-X Global’s market centers, its global trading participants and Chi-Tech’s trading technology development. He will jointly report to John Lowrey, CEO of Chi-X Global and Mr Smith, and be a member of the Chi-X Global executive committee. Previously, Mr Silberstein was a managing director at Lehman Brothers, serving as the global head of its prime brokerage product.
Mr Lowrey said: “With investors around the world demanding more efficient markets, there are more opportunities than ever for Chi-X Global, both in delivering the platforms themselves and in technology provision. Mr Silberstein is an extremely well-respected industry practitioner, and is the ideal choice to help us execute on our technology vision.
“With the former Cicada business now fully integrated into Chi-X Global, we felt the timing was right to broaden Greg’s portfolio of work, particularly in the commercialization of Chi-X Global’s market leading products and the strategic build out of new products and services for our global customers. We view this as a significant growth area for our business, and look forward to leveraging Greg’s many strengths.”
