Thesys CAT LLC Reveals Executive Selections and Guidance Progresses



NEW YORK, May 24, 2017 : Thesys CAT LLC , the Thesys Technologies ancillary functioning as the Plan Processor for the SEC's Consolidated Audit Trail (CAT), revealed the selection of Edward Watson as Chief Operating Officer and Shane Swanson as Chief Compliance Officer. Thesys CAT also stated that Latham & Watkins LLP will assist as legal counsel to Thesys CAT, steered by Vivian Maese, associate at Latham & Watkins in New York and Global Co-Chair of the company's Financial Institutions Industry Group and FinTech Industry Group. Additionally, Mike Beller, CEO of Thesys Technologies, and Andre Frank, Managing Partner of Thesys Technologies, function on the Thesys CAT Advisory Committee, which assembles frequently to evaluate development on the build and application of CAT.

Thesys CAT, in its capability as Plan Processor, is creating and functioning the CAT system. The CAT NMS Plan gives a timeline for crucial objectives and deliverables decided upon by the SROs. Thesys CAT newly met the May 15 limit for approval of the Initial Participant Technical Specifications, which is nowadays available on the CAT NMS website.

Mike Beller, CEO, Thesys Technologies, revealed, "We are delighted to have assembled an accomplished team of technology, security, operations, and compliance leaders to oversee Thesys CAT. Our goal was to bring together a multi-faceted, powerhouse team of strategic visionaries with proven track records. Ed, Shane, and Vivian all share indispensable management qualities, deeply-rooted industry knowledge, and an innovation focused mind-set needed to oversee the implementation of this incredibly important market structure technology and data project," stated Beller.

Edward Watson, Thesys CAT's new Chief Operating Officer, is an experienced finance administrator with over 30 years of knowledge in finance, managements, and expertise guidance in worldwide monetary facilities. He has occupied high-ranking level executive positions at Citigroup, BNY Mellon, FIS/Capco, and Fannie Mae, which he entered succeeding the fiscal disaster to aid with its reversal approach. As Chief Operating Officer of Thesys CAT, he will be accountable for tactical development and day to day actions. Ed possesses a Bachelor’s of Science degree in accounting from St. John's University along with a Masters of Business Administration from Hofstra University.

Shane Swanson, Thesys CAT's new Chief Compliance Officer, is a veteran monetary facilities frontrunner, General Counsel and Compliance Officer. He most newly worked as Director of U.S. Market Structure at Citadel. Before that he was at Citigroup Global Markets, Inc. as Managing Director and CEO of Automated Trading Desk Financial Services, LLC. Shane was also Partner, General Counsel, and Chief Compliance Officer of Eladian Partners LP.  While at Eladian, Swanson launched a comprehensive legal and compliance infrastructure and possessed regional and global functioning, supervisory, and legal-focused positions.                                                        

Ed Watson, Chief Operating Officer of Thesys CAT stated, "I am thrilled to be leading the CAT initiative, an incredibly important industry-wide effort, together with a very talented team of market structure, technology, operational, and regulatory experts."

Shane Swanson, Chief Compliance Officer of Thesys CAT revealed, "Joining Thesys CAT is a compelling opportunity to leverage my background with a team that combines deep understanding of market structure, trading systems and data to help the industry move forward with a unique technology platform. Combining the team's deep knowledge with the superior Thesys technology will allow us to build CAT the right way from the very start."

Vivian Maese, associate at Latham & Watkins in New York and Global Co-Chair of the company's Financial Institutions Industry Group and FinTech Industry Group and FinTech Industry Group has directed the legal group with the SROs since Thesys got the CAT project in January 2017. Latham & Watkins is counselling the Thesys Technologies squad on legal, authority and compliance-related topics.

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