Officers, Directors, Consultants
OfficerS
President
Brian Kennedy
Dash Financial 
Brian is a Managing Director at Dash Financial Technologies, specializing in workflow solutions for both the buyside and sell side clients. His journey in finance began on Wall Street at the NYSE as an intern in 2004. Upon stepping onto the trading floor, Brian knew he had found his passion.
Prior to joining Dash, Brian held positions at Bank of America Merrill Lynch and Knight Capital Group, accumulating nearly 20 years of experience in the industry.
Brian earned a B.S. in Finance from Bentley University and holds Series 7, 55, and 63 certifications.
In 2016, Brian was appointed to the STANY Board a consultant. Since then, he has served as a director and through all positions on the Executive Committee.
Outside of work, Brian cherishes time with his son, indulging in activities like surfing, snowboarding, skateboarding, fishing and playing guitar with friends.
First Vice President
Bill Cody
Cboe Global Markets
Bill Cody is a Director of Sales & Institutional Relationship Management at Cboe Global Markets. Bill previously developed and led the institutional outreach program at Direct Edge before its 2014 transaction with Bats. Prior to Direct Edge, Bill served as Executive Director at broker-dealer Instinet, where he held a number of key positions since joining in 1999. His roles there included being Head of the Broker-Dealer Sales and Trading desk, as well as its dark pools. During his 13-year tenure at Instinet, Bill also worked as Vice President of Institutional Equity Trading and as a product and sales manager. He has over 20 years’ experience in the equities markets.
Second Vice President
David Weisberger
David Weisberger, CoFounder and former CEO of CoinRoutes, has over 30 years of experience in market structure, quantitative finance, and trading automation. He built the first trading program and electronic systems for Morgan Stanley, was global architect of Salomon Brothers’ equity trading platform. Dave then developed Two Sigma’s wholesale market making business and most recently was the global head of equity market structure for IHS Markit.
Secretary
Jeff Mendl
OTC Markets Group
Jeff Mendl is responsible for broker-dealer sales and new business development related to Trading Services at OTC Markets Group. Jeff has extensive experience in the equities markets and trading applications, leveraging his prior role at Delaware Board of Trade (DBOT) where he oversaw strategy and business development including new account sales & client on-boarding. Prior to DBOT, Jeff held numerous positions within the financial services industry, including key client management roles at the National Stock Exchange and Clearpool Execution Services. Elected in 2018, Jeff currently serves on the Board of Directors for the Securities Trader Association of New York (STANY).
Jeff earned his B.S. in Economics from Syracuse University and holds the following Series 7, 24, 63 licenses. In his spare time, he enjoys golfing, snowmobiling, skiing and boating.
Treasurer
Joseph Sellitto
Susquehanna International Group, LLP
Joseph Sellitto is the President and CEO of Global Execution Brokers an affiliate of Susquehanna International Group, LLP (SIG). Joe is responsible for the execution of GEB’s business plan including business development, sales and marketing of SIG’s options order execution platform, including customer and exchange relationship management.
Prior to joining SIG in March of 2006, Joe spent three years as director of derivative products at E*TRADE Securities LLC, leading the development of E*TRADE’s retail options and futures business. From 1982 to 2003, Joe was senior vice president at Morgan Stanley DW, Inc., where he managed options trading floor execution and risk. Joe has more than 48 years of securities industry experience including extensive experience working with the exchanges. He was a member of the CBOE from 1974 to 2003, and held memberships at the CBOT, International Monetary Market division of the CME, PHLX and NYSE/ARCA exchanges. Joe served on numerous industry committees, including CBOE’s Allocation, Screen Based Trading, Financial Planning, Equity Floor Procedure, Membership, Marketing Committees, ISE’s Allocation Committee, PHLX’s Equity Floor Procedure Committee, and CHX’s Allocation Committee. He also served on and chaired the CBOE Nominating Committee, OCC Nominating Committee, CBOE Systems Committee, CBOE Member Firm Advisory Committee and on the ISE Board of Directors, the STA Derivatives Committee and as Chairman of the SIFMA Options Committee. Joe currently serves on the MIAX Options Board of Directors.
Past President
Brian Cashin
Brian Cashin most recently served as an Executive Director of Broker Dealer Sales & Trading at Instinet, LLC. In this role, he was responsible for sell-side execution management & crossing capabilities. During his 15-year tenure at Instinet, Brian has held roles in Institutional & Derivative Sales, where his responsibilities included new account sales & client coverage. He has 25 years’ experience in the equities markets. Prior to Instinet, Brian spent 3 years at INET ATS where he held various roles and key positions in the Broker Dealer space. Brian also worked as an Account Relationship Manager at the BRUT ECN & on the NYSE as a floor clerk for Prudential Securities.
Brian will be moving to INCA Digital next month where he will be head of commercial sales, focusing on strategic partnerships. INCA Digital is a cryptocurrency intelligence company that provides data, analytics, and expertise to many of the world's leading exchanges, financial institutions, regulators & government agencies.
Brian earned his B.A. in Political Science from Boston College and holds the Series 7,63, 25, 55, 3, 4, and 24 licenses.
President Emeritus
Jim Hyde
Wagon Wheel
James Hyde is the Founder and CEO of Wagon Wheel Capital LLC a venture which he started in 2025. Previously, Mr. Hyde was a Senior Director of ICE – Head of Business Development for NYSE Options which includes the NYSE American (aka Amex) and Arca platforms. He currently serves on the STANY Board as President Emeritus. Mr. Hyde also serves as Past Chairman of the STA Board.
Mr. Hyde is the former Vice Chairman of the American Stock Exchange Board and Senior Supervisory Officer on the Trading Floor. As a Floor Governor, he chaired numerous Exchange operating committees and was appointed as Chairman of the Amex Technology Committee. Prior to the closing of the NYSE Euronext/Amex transaction, he was asked to serve as liaison among NYSE Euronext senior staff and the Amex constituencies. Concurrently, he was also a Registered Options Trader for AGS Specialists LLC (Aka Integral Derivatives LLC). Prior to trading for AGS/ID Specialists, he was a Senior Managing Director and head of Option trading for Kellogg Capital Group, L.L.C. He was instrumental in launching Kellogg into the Option, ETF and broker business, through acquisitions of Knight Securities, Spear Leads and Kellogg Index products, the Fogel Group, and the Van Der Moolen Company. Additionally, he is co-founder of TAHOE Trading LLC and TAHOE Technologies, a proprietary analytical software platform utilized in the market today. Also, in 2005 he negotiated and closed the transaction transferring control of the American Stock Exchange back to the members from NASDAQ.
Mr. Hyde received his B.A. from St. John’s University.
CEO/Executive Director
Kimberly Unger, CAE
STANY
Kimberly Unger has served as the Executive Director of STANY since July 1996 and as President of The STANY Foundation since 1999. In 2011, she was named Chief Executive Officer of STANY. Kim’s responsibilities at STANY vary and include writing comment letters on key market structure issues, strategic and operational planning, stewardship of STANY’s sponsors and members and executing all STANY events.
Prior to joining STANY, Kim worked as a litigation attorney. She began her career in private practice and worked as an associate in the litigation departments of Wilson, Elser, Moskowitz, Edelman and Dicker and Kelly Drye and Warren before moving to in-house positions within the securities industry. During the early part of her career, Kim focused on defense side product liability and general commercial litigation. She was a member of the legal departments of several Wall Street firms including Drexel Burnham Lambert; Prudential; and Gruntal & Co. Immediately prior to joining STANY, she worked as a Senior Regional Attorney and member of the management team in the NASD's District 10 office (now FINRA).
Kim is admitted to the New York State and Federal bars, and has held NASD Series 7 and 63 registrations. Kim received her Juris Doctor from Villanova University School of Law, cum laude, in 1983, where she served on both The Law Review and Moot Court Board, and a BS in Economics from Rosemont College, (in conjunction with the Villanova School of Commerce and Finance) cum laude, in 1980. She completed a Masters of Science degree with Highest Honors at Villanova University School of Business in 2019. Kim is also an ordained minister, having graduated from The New Seminary in 1996. In her free time, Kim enjoys graphic design and was graduated from the Shillington School in 2014. Kim received her CAE (Certified Association Executive) designation from the ASAE in 2022.
She has served on the Wings Over Wall Street Committee of MDA since 2010 and received MDA's Michael Beier Award in 2014. Kim has been involved with fund-raising for more than 45 different charities and was honored by Traders Magazine with its Wall Street Women 2015 Charitable Works Award and by the New York Society of Association Executives (NYSAE) with its New Star Award in 2017. Kim currently serves Secretary of the NYSAE, as well as co-chair of the ExecConnect Committee and Board Liaison to the Membership Engagement Committee.
Directors
Mark Davies is Co-Founder and CEO of S3, a full–service compliance and trade analytics software company that services many of the world’s largest financial institutions and exchanges. Davies is responsible for the company’s overall business strategy, as well as the daily operations required to deliver an exceptional experience to S3’s valued clients.
S3 was founded in 2001 and discovered its niche after launching its first trading analytics product in 2004. Since then, Davies has shaped S3 to become the trusted industry standard for international regulatory reporting, 605 / 606 reporting, trade surveillance, CAT, TCA, and best execution analytics across multiple asset classes.
Davies is an industry thought leader on market structure and regulatory requirements, particularly the SEC’s Rule 606. He is Co-Chair of the FIF Rule 606 Committee and a member of several other industry groups, including the STA Listed Options Committee, the Security Traders Association of NY, the Dallas Security Traders Association, and SIFMA. He lives in Austin, Texas with his wife and three children.
Chris Hempstead
Mirae Asset Securities (USA) Inc.
Chris Hempstead is Managing Director and Head of ETF and Global Portfolio Trading at Mirae Asset Securities (USA) Inc. Chris is an ETF and Portfolio trader helping trading desks, asset managers, and ETF issuers navigate the ETF landscape. Chris has established Mirae as an ETF Authorized Participant for some of the largest ETF trusts and established global portfolio trading to support ETF managers and the general needs of other trading clients. He assists managers in executing portfolio rebalancing's ETFs while working with issuers on ETF listings and secondary trading support.
Patricia Koetzner
Siebert, Williams, Shank & Co., LLC
Patricia E. Koetzner is Managing Director, Equity Sales and Trading, for Siebert, Williams, Shank & Co. LLC, a leading minority owned broker dealer. Patricia’s two primary functions include; driving new revenue growth by expanding revenue generating relationships and facilitating equity trading for the firm. Her equity trading functions include: traditional long/short sales trading coverage, implementation of algorithmic strategies, share repurchases, trading and program trading. Ms. Koetzner has served in various capacities in the securities industry for now over 22 years, most recently including her role as Managing Director/Head of Equity Sales & Trading at CastleOak Securities, L.P. Prior to that, Ms. Koetzner served as vice president of Barclays Capital for seven years where she covered cash accounts and repurchased shares for corporations, before becoming a member of its electronic trading group. For the first decade of her career, she was a NASDAQ market maker for firms including Neuberger Berman, LLC, Gruntal & Co. and Dominick & Dominick, Inc. Patricia earned her Bachelor of Science degree from the University of Maine and holds FINRA series three, seven, 24, 55 and 63.
Ron Miller
MIAX
Ron Miller is a VP of Compliance for the MIAX Exchange Group (MIAX), where he oversees the Compliance Team and assists in ensuring the Exchange and its trading systems are aligned with SEC Rules, as well as its own Rules.
Ron began in the industry as a Floor Broker on the CBOE in the mid 1990’s and then traded treasuries and futures products off-floor for a proprietary trading firm. Transitioning to the technology side of the industry in the mid 2000’s, he worked for Independent Software Vendor as an account manager and product manager, and then entered the Exchange space with the ISE, where he managed the Exchanges reference databases and then worked in the Product Management Group.
In 2016, Ron expanded his knowledge and expertise to include Technology Compliance while working for FINRA in the Transparency Services Department. He managed Reg SCI initiatives, facilitated audits, and assisted in business and technical document reviews and functional testing of the trading systems.
Ron completed his undergraduate studies at West Virginia University and holds an M.S. in Management – Information Systems from NJIT. Due to his academic performance at NJIT, he is a lifetime member of Beta Gamma Sigma International Business Honor Society. Ron has also started pursuing a PhD in Information Systems at Dakota State University.
Deep Sky
Tim Nersten, a seasoned Wall Street professional with 25 years of experience, currently spearheads Strategic Business Development for capital markets at Deep Sky. In this role, he is at the forefront of developing artificial intelligence solutions for leading financial services firms.
As a market microstructure expert specializing in trading and alternative assets, Tim has made significant contributions to companies such as Securitize, Templum, and OptimX, where he established product direction and strategic relationships. He also spent over 16 years at Liquidnet, as the founder of their trading desk, head of Liquidity Partnerships and Co-Head of their Algo Services Group. He also assisted in the launch of H2O and many of Liquidnet's acquisitions and global launches.
Tim has an MBA in Strategic Business Management and a B.A. in Marketing from Hofstra University in New York and continued his education to Temple University, where he is ABD in their Doctorate of Business Administration program. Tim holds the Series 6, 7, 24, 55 and 63 registrations, along with the Canadian New Entrants and Trader Trainee certifications. Tim is a strategic advisor for multiple fintech and alternative asset platforms like Ironlight and RDC and has been on the Board of STANY since 2018.
Obi Nwaigwe
IEX
Obi Nwaigwe is part of the Analytics and Business Development team at IEX Group in New York. Prior to joining IEX, he spent five years as an Associate at Bain Capital.
In his free time, Obi serves on the Junior Board of Wall Street Rides FAR, a cycling event that benefits autism research, and on the Board of Good Co. Bike Club Cares, the non-profit arm of Good Company Bike Club.
He earned a B.A. in Economics from St. Lawrence University and an MBA in Strategy from Northeastern University. An avid outdoorsman, Obi enjoys skiing and other outdoor activities, but most of all, he loves watching the New York Knicks and Jets beat down on the Boston Celtics and New England Patriots.
Andrew Oppenheimer
Nasdaq
Amy Elizabeth Reichard
Broadridge Financial Solutions 
Amy Reichard joined Broadridge Financial Solution is a Vice President, N.A. Buyside Account Management in August 2020. Amy is part of the Account Management team servicing a client portfolio in excess of 250 clients including hedge funds, multi- billion long only managers, private equity, state treasurers, fund administrators, CLO/CDO managers, and prime brokers. Her product coverage includes the full suite of Broadridge Asset Management products.
Prior to joining Broadridge, Amy Reichard was a Senior Vice President at Macquarie Group focusing on Electronic Execution. In that role, Amy managed electronic client relationships and focused on sales, trading and platform marketing.
Amy has previously served on the SFSTA Board and has lead multiple Women's Leadership programs within the industry in both New York and San Francisco.
In addition, Amy has almost 30 years of industry experience with her first 14 years at GS where she specialized in small cap stock trading and equity sales trading. She has also held senior positions at BAML and Bloomberg Tradebook in both New York and San Francisco and holds her MBA from NYU Stern and her Series 7, 55, and 63.
Aisling Ryan
StoneX Financial
Aisling Ryan, is a Director, Broker Dealer Sales at StoneX Group Inc in New York. She joined StoneX in 2019 and works in sales and trading on their wholesale market making desk which focuses in International Equities and other asset classes. Prior to that, Aisling worked at Paulson Investment Company. She has Series 7, 63, 57 & 24 licenses.
Aisling currently serves as a Director on the board of Security Traders Association of New York (STANY) and also serves on the board of St Jude, Taste of Wall St.
Aisling is from Ireland and moved to New York 8 years ago. In her free time, she enjoys exploring NYC, traveling to new places.
Lisa Utasi
ClearBridge Investments
Lisa Utasi is a Managing Director and Senior Equity Trader at ClearBridge Investments, a leading global equity manager committed to delivering long-term results through active management with strategies focused on three primary client objectives in our areas of proven expertise: high active share, income solutions and low volatility
Personally, Lisa was elected to become the President of the Security Traders Association of NY (STANY) in 2004 and again in 2009. In 2004, Lisa was the first STANY President to open the NYSE on behalf of the organization and as an honor to its members. She is also a Past Chairman of the Security Traders Association and was the Chair or Co-Chair of the Trading Issues, Affiliate Liaison, Education and Institutional Committees.
Lisa is a Past Chair and current Member of the of the NASDAQ ITAC Committee and served on the NASDAQ Quality of Markets Committee. She participates as a member of the NYSE Institutional Traders Advisory Committee. Lisa was inducted into the National Organization of Investment Professionals (NOIP) in 2004 and served as its Chairman of the Board from 2019-2020. Lisa is a member of Inst. Investor’s Trader’s Forum and the Investment Company Institute’s Equity Markets Committee.
Lisa holds a B.A. in Political Science and a B.B.A. in Finance from Southern Methodist University.
Lisa is extremely active in the NYC charity community. She has served as an MDA National Vice President and is a two-time Chair of MDA’s Wings Over Wall Street an ALS Fund Raising Committee. She is committed to causes including the Inner-City Scholarship Fund which changes lives for the better by providing families with demonstrable financial needs the opportunity to give their children a quality, values-based K-12 Catholic education within the Archdiocese of New York. Inner-City exists to ensure that the gift of an excellent Catholic school education continues to be a viable option for students of all faiths today and for future generations to come.
Consultants
Swaad Golam
Beeks
Swaad is an industry expert in capital markets, low latency trading, and quantitative development, with extensive experience in product management, low latency trading architecture, and solutions engineering. Known for his ability to explain complex concepts to non-technical stakeholders, he is a subject matter expert in Corvil, the gold standard for latency measurement. At Corvil, Swaad managed implementation processes, built technical client relationships, and generated revenue, delivering trading analytics and infrastructure for exchange, systematic buy-side clients, and global investment banks.
At Citibank, he was instrumental in deploying trading telemetry and improving market impact of their Smart Order Router, adding value in visibility and price improvement to over $2 trillion in daily trading transactions. His contributions enabled real-time, revenue-generating business decisions, significantly enhancing Citibank's trading operations.
Swaad holds a Bachelor's of Science from the New York University Polytechnic (Tandon) School of Engineering.
Allan Goldstein
Euronext
Allan serves as CEO of Euronext Market Services (EMS), where he oversees the operational, financial, and strategic initiatives at Euronext’s US broker-dealer unit, helping to build Europe’s leading market infrastructure. In partnership with Commcise Software, EMS provides investment managers and brokers with advanced technology and services for commission unbundling, soft dollar aggregation, research evaluation and payments, supporting informed investment decisions.
Previously, Allan was a co-founding partner, COO, and CFO at Trade Informatics, an independent brokerage specializing in transaction cost analysis (TCA) and systematic trading. With more than 30 years of experience in equity trading, Allan began his career as a member and floor broker at the New York Stock Exchange (NYSE).
Allan is recognized for his commitment to fostering transparency and fairness in capital markets. He advocates for a level playing field between buyside and sellside participants, utilizing data and technology to advance market integrity..
He has contributed his expertise as a member of the SEC’s Consolidated Audit Trail (CAT) Advisory Committee and various FINRA advisory groups. Allan holds several FINRA licenses, including Series 4, 7, 63, 55, 24, and 27, and earned his MBA in Finance from NYU’s Stern School of Business.
Jeffrey Janker
BofA Securities, Incorporated 
Jeff Janker currently serves as a Senior Sales Trader within the Market Access Group at Bank of America, he brings over three years of expertise in this role, managing risk, client relationships and enhancing operational processes in the New York City Metropolitan Area.
Before joining Bank of America, Jeff worked as a Business Development Specialist at CODA Markets, Inc., where he was instrumental in identifying new business opportunities and fostering client relationships across the buy-side, sell-side, and trading venues.
Previously, Jeff held the role of Director for AES Direct Product & Electronic Sales Trading at Credit Suisse, where he was recognized for his expertise in various AES Direct team products and earned a performance-based promotion to Director. His role involved acting as a subject matter expert, educating clients, and driving platform enhancements that contributed to the firm's success.
In his earlier career, Jeff served as VP Quant Prime Services & Trading at both Barclays Investment Bank and Lehman Brothers, where he managed client and exchange connectivity and led teams across multiple electronic service divisions.
His career began at SLK/Goldman Sachs as a VP Electronic Connectivity Manager, where he built and managed client and exchange connectivity teams, developed business specifications for infrastructure projects, and played a key role in the electronification of the US Equities markets.
Jeff holds a Bachelor of Science in Finance from Seton Hall University. He holds Series 7, 63 and 55 licenses.
In addition to his professional achievements, Jeff is actively involved in charitable work. He has been a fundraising volunteer for Wall Street Rides FAR and has also volunteered for St. Jude Children's Research Hospital. His commitment to community service is further demonstrated by his role as an Event Organizer for Habitat for Humanity New York City.
Tom Jordan
Jordan & Jordan
Tom Jordan is President & CEO of Jordan & Jordan, a financial technology company with domain expertise in information, processes and technologies applied to the securities industry. From 1985-1990, he was the Managing Director of Knight-Ridder Financial/Americas. Prior to this, he was the Chairman of Monchik-Weber, a Wall Street consulting and product development firm. He also held development and marketing positions at IBM. Tom was a co-founder of the Financial Information Forum (FIF) and the initial Chair of FISD. Prior to his business career, Tom served as an officer with the U.S. Army Corps of Engineers in the 1st Cavalry Division and the 1st Infantry Division.
Tom actively participates in many industry initiatives. He is the Advisory Chair of the Financial Information Forum, FIX Trading Community Program Office, and a member of the advisory committee of the Consolidated Tape Association (CTA) and the Unlisted Trading Privileges (UTP) plan. He was recognized by FISD with their Market Data Lifetime Achievement Award. Tom holds a BS degree in Mathematics from Saint Peter's College and a MS in Industrial Administration from Union College in Schenectady, NY. He is a member of the Board of the Knights of St. Patrick.
Bill Karsh
Billkar Consulting 
Prior to starting Billkar Consulting in 2019, Bill Karsh served as Vice President Corporate Sales at OTC Markets from 2016-2019. Prior to that he served as a special advisor to the NSX, with sales responsibility, market structure and development of strategy in cooperation with senior management. Mr. Karsh served as Chief Operating Officer of Direct Edge Exchange LLC. He originally joined Direct Edge in March 2006, serving as Chief Executive Officer while the company operated as a wholly-owned subsidiary of Knight Capital Group. Mr. Karsh has over 25 years of financial services experience, serving in senior management positions at a number of firms, including the Bass Division of BTIG, Trading Services Group, LLC, UNX Inc., Knight Trading Group, Inc., SunAmerica and National Discount Brokers.
Michael Scaplen
Axos Clearing
Mr. Scaplen joined Axos Clearing LLC as Senior Vice President of Sales and Relationship Management. Over his career Mr. Scaplen has served in both a Relationship Management and Sales capacity at some of the top clearing houses in the country including iClearing (Datek Online), Penson Financial Services Inc., Southwest Securities Inc., and Electronic Transaction Clearing Inc. (ETC). Mr. Scaplen’s experience with multiple clearing and execution products has led him to develop and implement various strategies that have streamlined operational efficiency and increased overall revenue to the firms. Mr. Scaplen credits his success to strong mentors and is a member of his alma maters Alumni Mentoring Program. He is a graduate of the Ramapo College of New Jersey, a member of the Security Traders Association of New York, and is FINRA licensed Series 4, 7, 24, 55, 63.
