BestEx Research taps Paul Merolla as General Counsel

Rick Steves

He has served as General Counsel at institutional broker Instinet Group and was Associate Counsel at Goldman Sachs.

BestEx Research Group has appointed Paul Merolla as General Counsel, based in Stanford, Connecticut.

The provider of algorithmic execution and solutions for equities, futures, and foreign exchange trading has previously appointed Andrew Westhead as Managing Director of Research and Hector Robles as Managing Director of Business Development.

Paul Morolla was General Counsel at Instinet Group

Paul Merolla joins BestEx Research after seven years at the Murphy & McGonigle law firm and nearly four years at the LeClairRyan law firm. His legal career also includes ten years as senior counsel at Drexel Burnham Lambert Group and time as an associate attorney at Shearman & Sterling.

He has served as Executive Vice President and General Counsel at institutional broker Instinet Group Incorporated, then acquired by Japanese banking giant Nomura. He was also Vice President and Associate Counsel at Goldman Sachs.

Morolla, who was this year awarded the Alfred J. Rauschman Award for his service and contributions to the financial services industry, is a Past President of the SIFMA Compliance & Legal Society.

Hitesh Mittal, Founder and CEO of BestEx Research, said: “As we continue to expand into new markets and asset classes, Paul’s regulatory and financial services expertise will be invaluable. We are committed to providing our global clients advanced, research-driven algorithmic trading solutions, and having robust legal oversight allows us to best serve their dynamic needs across asset classes and markets.”

Paul Merolla, General Counsel at BestEx Research, commented: “I look forward to supporting and contributing to the continued growth and expansion of BestEx Research. I trust that my knowledge and experience will be valuable assets to Hitesh and his management team as we work to provide BestEx Research’s global client base with leading-edge trading solutions paired with unparalleled transparency.”

BestEx Research Group, LLC was founded in 2017 and offers broker-neutral solutions that combine sophisticated execution algorithms with a user-friendly dashboard and transaction cost analysis for multiple asset classes. The cloud-based solution covers equities, futures, and foreign exchange.

Execution algorithms are capable of reducing trading costs for buy-side managers and providing sell-side firms a seamless trading solution for their clients.

 

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