IEX Exchange today announced that Stan Feldman, a Co-Founder of IEX, was appointed Chief Operating Officer (COO) for the Exchange. Mr Feldman will oversee day-to-day operations for IEX Exchange, including business analytics, market operations and product development.
It was also announced that Matt Weinberg will assume the role of Head of Business Development for IEX Exchange. Both Feldman and Weinberg will report to IEX President and Co-Founder, Ronan Ryan.
“We are delighted to promote Stan Feldman to the role of COO of IEX Exchange,” said IEX President and Co-Founder Ronan Ryan. “Stan has been instrumental to the growth and success of IEX since its inception as a founding member of the team. He has continually impressed us with his intellect, grit, and unparalleled ability to lead. Similarly, Matt Weinberg has played an important role growing client relationships and navigating a changing marketplace. At IEX, we’re proud to elevate our people to new challenges when they have a demonstrated track record of excellence, which Stan and Matt certainly have.”
Mr Feldman was part of the original team that began building IEX Exchange in 2012. He joined the company as a business analyst and assumed responsibility for new areas over time. In 2015, he was named Head of Business Analytics, the team dedicated to analyzing market trends, product performance and client experience. In this role, he partnered with the business development team to help optimize client experience and trading performance.
His team also informed the design and development of new exchange products and order types. In 2018, Feldman added market operations to his remit, which included oversight of client connectivity and trading operations.
Mr Feldman began his career at Royal Bank of Canada (RBC) where he worked on the U.S. Equities Electronic Trading Desk as a market structure analyst.
“It’s been an honor to work with an exceptional team at IEX from day one and I’m proud to continue my journey here as COO for the Exchange,” said Stan Feldman of his new role at the company. “We’ve worked hard to bring innovation and excellence to a storied industry where change seems to be the only constant. This is an exciting time to be at IEX and take a leadership role at IEX Exchange.”
Mr Weinberg joined the business development team in 2019 and applied his deep knowledge of institutional trading to help clients optimize their trade performance using IEX Exchange products. He also serves as co-chair of IEX’s social impact committee, Think Big, Do Good.
Prior to IEX, Weinberg spent 21 years at AllianceBernstein where he served as Senior Vice President, Managing Director of Institutional Trading and Vice President of Institutional Equities.