Chief Technology Officer

Leads $**M IT organizations to design and manage technology services and drive continuous product improvement. Creates technology-enabled services and proprietary systems that supports long-term business strategies. Partners with leadership team to identify and achieve key priorities, including digital transformation, through automation. Adopts new technologies and processes to build visionary solutions. Develops the technological vision and strategies and ensures the applications and systems – including compliance, risk management and cybersecurity – support the business.

Strategic Planning

Product Development

Big Data/ AI

Digital Transformation

Cultural Transformation

Large Scale IT Implementations

DevOps

Vendor Management

Process Automation

Cost Management

Business Continuity

EXPERIENCE

CHIEF TECHNOLOGY OFFICER - Cantor Fitzgerald, 1999 – 2020

With $10M budget, led 40 member global IT organization (US, Europe and Asia) to develop, implement and automate technologies for 1,000 person equity marketspace group. Promoted to CTO in 2008 (through a series of promotions) within 9 years of being hired as a developer. Restructured and built technology applications, systems and architecture after 9/11, helping double the company’s growth the following nine years. Developed in-house products and automated processes, saving $4M annually. Partnered with legal to renegotiate contracts and reduce technology spend.

Created Annual Strategy and IT RoadMap for Delivering Solutions that Supported Business Needs

oInitiated and facilitated monthly meetings with COO, business heads and IT leaders to identify needs and IT solutions. Formalized process for articulating business requirements

Proposed, Developed and Implemented DTC Services to Generate Additional Revenue Streams and Grow Prime Brokerage Division. Projected Revenues >$10M, Processing >100K Orders/Day

oCreated Outsourced Trading Desk to allow buy-side institutions to trade with the markets directly via an internal outsourced trading desk. Selected and managed vendor-based solution

Created 180 Performance Management Process for IT Organization to Drive Engagement. Significantly Reduced Turnover, Driving Attrition Down to Only 5%

oRedesigned and formalized process, including goal setting, quarterly check-ins, and year-end assessments. Trained managers 1:1 to evaluate upward feedback and create remediation plans

oRestructured IT organization to streamline operations. Analyzed roles and desired skillsets. Consolidated roles across the FX organization into key functions

Developed In-House Products and Automated Processes. Saved ~$4M Annually

oRedesigned End-to-End Order Management System. Reduced Costs $3M While Driving Business Growth

Implemented FIX Electronic Order Connectivity System to manage >1000 external buy-side partnerships. Migrated servers, renegotiated vendor rates and consolidated connectivity between the US, Europe and Asia. Saved $1M annually

Led 2 migrations (from Cameron Orc to Appia) to support multiple asset classes (i.e., Equity Single, ETF, Options and Program Trading)

oDeveloped system to allocate costs to the specific account. Allowed Sales Traders to better manage their costs

Migrated to Fidessa Order Management System and integrated NYFIX FIX Trader Solutions

oEvaluated vendor proposals, selected and negotiated contract with SunBrass

Replaced Vendor-Based Solution for Sales Trader Workstation, Saving >$2M Annually

oEnhanced user interface, integrated with order management system and accelerated speed of information to customers and IOI providers (i.e., Bloomberg, Thomson, and NYFIX)

oIncluded capability to process quarterly security filings and allows users to shop securities to interested institutions

oEnhanced Exchange Connectivity that Allowed Traders to Increase the Number of Daily Transactions Completed and Processed

Developed internal system to communicate with 10 different platforms, processing >10k orders per day

Created application and architecture to receive real-time market data to evaluate stock performance and trade simultaneously. Processed millions of transactions daily

Built proprietary ETF application to allow the ETF desk to trade >450k underlying continuants of an ETF based on data provided by the DTCC

Implemented Products to Improve Employee Experience, Drive Collaborative Culture and Enhance Engagement Across Entire Company

oIntroduced Tibco Middleware products (i.e., messaging) to Cantor Fitzgerald and its affiliates. Negotiated a global contract for all 12K employees

Developed Products to Improve Consumer Experience and Account Management

oImplemented Oasys Direct API (with customized interface) to streamline account allocation processing request from customers

oCreated system for generating and sending real-time customer reports

oOperationalized direct market access for clients, allowing customers to route directly through Cantor

oPartnered with Quants, sales team and order management vendors to integrate new proprietary Algo offering which allows customers to send DMA order flow directly to the market

Created Support Systems to Clear Trades, Manage Risk and Ensure Compliance

oBuilt advanced analytics (P&L, commission and trade reports) for Sales Traders, Traders and Management to track revenue generation

oCollaborated with sister company to implement cybersecurity and disaster recovery plans plan to ensure business continuity, mitigate digital risk and promote compliance

SKILLS

Languages – Java (J2EE/Spring/Hibernate), C++, CORBA, UNIX Shell Scripts, PERL, XML

Software – JBuilder, Eclipse, TomCat, WebLogic, Excel, Project, Visio, JIRA, Perforce

Middleware – Tibco EMS, Tibco Rendezvous

Trading Systems – Fidessa, SunGard, NYFIX FIXTrader, Bloomberg

Registrations – FINRA Series 99

Financial Systems – Cameron ORC, Appia, Bloomberg

Operating Systems – UNIX, LINUX, Windows

Database – Sybase, MS SQL

PREVIOUS EXPERIENCE

CONSULTANT/PROGRAMMER

McGladrey & Pullen, 1997 – 1999

EDUCATION

Bachelor of Science (1998) New York University

Concentrations: Computer Science and Business Management

Asif Khalfan

CTO - Head of Application and Product Development

516-***-**** – ****.*******@*****.*** – https://www.linkedin.com/in/asif-khalfan-711583/

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