CHICAGO–(BUSINESS WIRE)–Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin tools and trading platforms to capital markets worldwide, today announced that Jennifer Nayar has been named President & Chief Executive Officer, effective immediately. Nayar most recently served as CEO of Vela Trading Systems, a leading independent provider of data and execution technology for global multi-asset electronic trading. Prior to joining Vela, Nayar spent over a year at REDI Global Technologies as Chief Technology Officer and over four years at NYSE Technologies as Global Head of Market Data and Business Operations.
Farid Naib, STT’s former CEO, has stepped down from his role as CEO, but will remain involved as an advisor and shareholder.
“We are excited about the success that STT has achieved in recent years and believe the company is poised to capitalize on a number of growth opportunities ahead of it today,” said Sean Barrette, a member of STT’s board of directors. “Jen brings deep, relevant industry expertise across the capital markets that can be leveraged to accelerate growth. She is a seasoned leader with an outstanding track record of transforming FinTech businesses and we are delighted to welcome a leader of her caliber to Sterling Trading Tech.”
“We would like to thank Farid for his dedication to and leadership of STT, and for overseeing the business over the past eight years. Farid has helped build the business to where it is today and has positioned STT to continue to gain market share , Barrette added.
“It has been an honor to serve as CEO of Sterling Trading Tech for the past eight years, I am proud of what the STT team and I have achieved together,” says Naib. “Jen represents an ideal leader to continue STT’s legacy of growth and development.”
Under Nayar’s leadership, STT plans to continue making strategic growth investments in both product and business development organizations, with the goal of adding additional capacity, asset classes and geographic coverage. STT will also make technology investments, including the next generation platform, and will also seek strategic acquisitions. In addition, STT plans to continue its tradition of innovation and expansion of industry-leading technology solutions for the capital markets.
Nayar states, “STT is one of the few independent FinTech firms providing fully integrated solutions to the capital markets. I am delighted to join the team to support the continued growth of the business, increase market presence and honor its commitment to serve and meet our customers’ needs.”
ABOUT STERLING TRADING TECH
Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equity, equity options and futures markets. With over 100 customers including leading brokers, clearing firms and props in over 20 countries, STT offers solutions tailored to its customers’ needs. STT is committed to providing fast, stable technology along with outstanding customer service. STT supplies trading platforms, OMS and risk products to its customers.
