Annual Meeting

STANY Annual Meeting Highlights Industry Leadership and Timely Market Structure Discussions

STANY members gathered virtually on July 21 for the Association's 2026 Annual Meeting, marking the close of President Brian Kennedy's successful two-year term and the beginning of a new chapter under incoming President Bill Cody.

The Annual Meeting provided members with an opportunity to review the accomplishments of the past year, welcome STANY's newly elected Officers and Directors, and recognize the dedicated Board members whose terms have concluded. As always, the meeting reflected the strength of STANY's volunteer leadership and the commitment of members who continue to shape the future of the organization.

Following the business portion of the meeting, attendees were treated to two insightful conversations on some of the most important issues facing today's markets.

The first session featured JJ Kinahan and Bill Cody of Cboe Global Markets, who explored the rapid evolution of prediction markets. Their discussion examined the growing interest in these products, the regulatory landscape, and the potential role prediction markets may play in the future of investing and risk management.

The second conversation focused on one of the most closely watched regulatory developments in U.S. equities—the proposed rescission of SEC Rule 611, the Order Protection Rule. Mark Davies, CEO of S3, and Mehmet Kinak, Global Head of Equity Trading at T. Rowe Price, shared thoughtful perspectives on how the proposal could affect market quality, competition among trading venues, execution practices, and investors. The discussion highlighted the complexity of the issue and underscored the importance of continued industry dialogue as the SEC considers potential changes.

The meeting may be viewed for a limited time HERE. 

The day concluded with STANY's traditional Welcome New Board Networking Reception at Haswell Green's, where members, guests, and incoming Board members gathered to celebrate the Association's new leadership and reconnect with colleagues in a relaxed setting.

STANY extends its sincere thanks to our distinguished speakers for sharing their expertise, to our outgoing Board members for their service, and to all our members who continue to support the Association's mission of advancing education, advocacy, and professional connections within New York's securities industry.

We look forward to another exciting year under President Bill Cody's leadership and hope to see everyone at our upcoming programs and events.

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From Our President

Greetings, everyone.

As I stand here today, I can’t help but reflect on what an incredible honor it has been to serve as President of the Security Traders Association of New York.

When I accepted this role, I knew it would be a significant responsibility. What I didn’t fully appreciate was just how rewarding it would be. Over the past year, I’ve had the privilege of working alongside some of the most talented, dedicated, and generous professionals in our industry. Serving this organization has truly been one of the highlights of my career.

First and foremost, I want to thank our members.

STANY is only as strong as the people who make up this organization. Every member who attends an event, joins a committee, mentors a young professional, shares an idea, or simply shows up to support our mission plays a role in making STANY what it is. This association has remained relevant and respected for generations because of your commitment, and I am incredibly grateful for your continued support.

I’m especially proud of what we accomplished together during my tenure.

We hosted not one, but two record-breaking conferences, bringing together more attendees, speakers, sponsors, and industry leaders than ever before. Those events weren’t successful because of any one person—they were successful because so many people worked tirelessly behind the scenes to make them happen. They showcased exactly what STANY represents: collaboration, innovation, and a commitment to moving our industry forward.

I’m equally excited about the continued growth of our Emerging Leaders group. Watching the next generation become more engaged, build relationships, and begin taking on leadership roles gives me tremendous confidence in STANY’s future. Investing in young professionals isn’t just important—it’s essential. They are the future of our markets and of this organization, and I know STANY is in great hands.

None of these accomplishments would have been possible without an outstanding Board of Governors.

To each member of the Board, thank you for your countless volunteer hours, your thoughtful ideas, your guidance, and your willingness to serve. Leadership is never about one individual. It’s about a team that challenges each other, supports each other, and works toward a common goal. I have been fortunate to work alongside an exceptional group of leaders, and I sincerely appreciate every one of you.

I’d also like to recognize our committee members, volunteers, sponsors, and everyone who quietly contributes behind the scenes. Much of what you do happens without recognition, but it never goes unnoticed. STANY succeeds because of people who are willing to give their time for the benefit of others.

President John F. Kennedy challenged Americans to ask not what their country could do for them, but what they could do for their country. For generations, STANY has thrived because members have embraced that same spirit—giving their time, sharing their expertise, and investing in our profession. Thank you for allowing me to be one of those volunteers.

As I pass the gavel to our next President, I do so with complete confidence. STANY is strong. Our membership is engaged. Our Emerging Leaders are growing. Our conferences continue to set new standards. Most importantly, our organization remains committed to the values that have defined it for nearly nine decades.

Thank you for placing your trust in me. Thank you for your friendship, your encouragement, and your support throughout this past year. It has truly been an honor and a privilege to serve as your President.

I look forward to continuing to serve STANY—not because I have the title, but because I believe in this organization, in its mission, and in all of you.

Thank you. Here’s to an even brighter future for STANY.

Presented at STANY's Annual Meeting July 21st.

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Welcome STANY's New Board of Directors

STANY announced its 2026-2027 Board of Directors, who officially begin their terms on August 1^st. The election results were announced during the Annual Meeting in July by Brian Cashin, Immediate Past President and Chair of the Nominating Committee. Following a vote of membership, a new slate of officers and directors was elected to guide the organization in the coming year.

Now leading the organization are: 

OFFICERS
PRESIDENT                             Bill Cody, Cboe Global Markets  
FIRST VICE PRESIDENT        Dave Weisberger, BetterTrade.digital         
SECOND VICE PRESIDENT   Jeff Mendl, MCAP
SECRETARY                            Joseph Sellitto, Susquehanna                      
TREASURER                            Mark Davies, S3
PAST PRESIDENT                   Brian Kennedy, Dash Financial Technologies

The membership also approved the re-election of two current board members to additional three-year terms: Obinna (Obi) Nwaigwe, IEX and Aisling Ryan, StoneX

In addition, STANY will welcome four new members to its Board:

NEWLY ELECTED DIRECTORS

Ari Burstein
General Counsel & Chief Policy Officer 
Imperative Execution 

Alexa Koike
Sales and Operations Lead
BMLL Technologies

Franklin Maldonado
Senior Manager Client Experience 
NYSE

NEWLY ELECTED CONSULTANT

Shannon Fitzgerald
Founder and Managing Director
Regulatory Ridge

The four new Board members join the Directors and Consultants who will continue to serve on the board.

DIRECTORS
Chris Hempstead
Patricia Koetzner, Siebert, Williams, Shank & Co., LLC
Andrew Oppenheimer, Nasdaq
Amy Elizabeth Reichard, Broadridge
Alexandra Reisinger, IMC Trading
Lisa Utasi, ClearBridge Investments

BOARD CONSULTANTS
Tom Jordan, Jordan & Jordan
Tim Nersten, Fidelity 

PRESIDENT EMERITUS
Brian Cashin, Instinet
James Hyde, Wagon Wheel 

STANY also extends its sincere gratitude to the six board members whose terms concluded on July 31st:

Bill Karsh, Billkar Consulting 
Swaad Golam 
Allan Goldstein, Euronext Markets
Jeff Janker, BofA
Ron Miller, MIAX
Mike Scaplen, Axos Clearing 

Their service, leadership, and contributions have helped strengthen the organization. STANY thanks them for their dedication and commitment to the association and its members.

RESULTS OF THE ELECTION FOR THE 2027 NOMINATING COMMITTEE

The Nominating Committee also selected qualified individuals for placement on the ballot for next year’s Nominating Committee. Members voted on the ballot and the following individuals have been elected to serve in alphabetical order are:

Erica Attonito, Hudson River Trading
Ron Hooey, BNY Pershing
Patricia Koetzner, Siebert Williams Shank
Lisa Utasi, Clearbridge Investments
Daniel Weingarten, Oppenheimer
Brian Kennedy, Dash Financial, Committee Chair 

If one or more of the Nominating Committee members cannot serve, alternates will be called upon to patriciate on the Committee. The alternates are:

Rich Steiner, Piper Sandler 
Christine Lee, Liquidnet
Lindsey Osgood, Nasdaq
James Hyde, Wagon Wheel
Akiko Imai, Virtu Financial 

Thank you to all who were wiling to put their names forth for this important responsibility. 

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Emerging Leaders

End Your Summer on a High Note at the STANY Emerging Leaders Summer Bash!

Summer may be winding down, but the networking is just heating up! Join the STANY Emerging Leaders Committee on August 12, from 5:30 – 8:30 p.m. for one of our most popular events of the year—the Emerging Leaders Summer Bash at SPIN Flatiron.

Whether you're new to the industry, looking to expand your professional network, or simply want to reconnect with colleagues in a relaxed setting, this is an evening you won't want to miss.

SPIN is much more than ping pong. In addition to its signature tables, attendees can enjoy lawn games like cornhole, giant Jenga, shuffleboard, and other interactive games that make networking easy, natural, and fun. Add great food, drinks, music, and a room full of professionals from across the financial services industry, and you have the perfect recipe for a memorable summer evening.

The Summer Bash has become a signature Emerging Leaders event because it brings together professionals from every stage of their careers. Whether you're an intern, a recent graduate, an experienced trader, or a seasoned executive looking to support the next generation of industry leaders, you'll find plenty of opportunities to make meaningful connections.

Come ready to network, compete, laugh, and celebrate another successful summer with the STANY community.

Register today—we look forward to seeing you there!

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On the Horizon - Save the Dates

STANY Talks

Crypto to Tokenized Securities: Wall Street's Infrastructure for Digital Markets

Wednesday, September 16, 12:30 - 1:30PM ET

Market infrastructure in the United States is being updated to support crypto assets, spanning both cryptocurrency tokens and tokenized securities. Clearing, custody, settlement, and trade execution capabilities for crypto assets are now available within the regulated securities framework, and DTCC is actively developing the infrastructure to tokenize traditional securities. For securities industry professionals, these changes determine how firms will access digital markets, what workflows will look like, and which functions can run on existing brokerage infrastructure rather than new systems.

This session brings together Prometheum Capital, an SEC-registered, FINRA-member broker-dealer authorized to provide custody, clearing, and settlement for crypto assets, a member of DTCC's tokenization group, and other participants in the transition of electronic to digital markets, to walk through what has changed and what it means in practice.

Participants:

· Moderator: Marc Nichols, Prometheum - Director, Business Development

· Aaron Kaplan, Prometheum - founder and co-CEO

· To be announced DTCC tokenization group executive

· Other speakers TBA

Additional details and Registration Links will follow.

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Upcoming Industry Conferences

October 14-26 STA's 93rd Annual Market Structure Conference: The Future in Focus

JW Marriott, Washington DC 
Details and Registration 

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Membership

Join us in welcoming new Junior Members for July.

Linh              Bui              Denison University

Jack             Koetzner     Loyola University

Owen           Mann          NYSE

Ryan            O'Connor    Liquidnet

Robert         Scherne       MCAP LLC

Alasdair       Tremlett       Goldman Sachs & Co.

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