First Derivatives taps Eric Raab as CTO for Kx

Rick Steves

Mr. Raab will be responsible for R&D and the technology roadmap at KX, the Group’s analytics software business, and will report to CEO Seamus Keating.

First Derivatives has appointed Eric Raab as Chief Technology Officer for KX, reporting directly to Seamus Keating, FD’s Chief Executive Officer. Mr. Raab will be responsible for R&D and the technology roadmap at KX, the Group’s analytics software business.

As an accomplished technologist and leader in software, cloud technologies, infrastructure, and SaaS product delivery, Eric brings a wealth of CTO experience gained at high-growth technology companies serving a broad range of industries.

Eric Raab joined First Derivatives from Information Builders Inc., a leading data and analytics software company, where he was CTO. There, he oversaw and managed all technology projects within the firm including software research and development and quality assurance.

Mr. Raab also held the role of CTO at other companies, including Yodle Inc. a digital marketing firm acquired by Web.com. His experience in delivering cloud infrastructure strategies and leading product development will come in handy for KX’s growth strategy.

“It’s an incredibly exciting time to join KX. As the volume and complexity of data continue to grow unabated, it is driving change across all sectors. Organizations are looking for a partner who can help them achieve tangible business value from their vast historic data and what comes in real-time, whether it’s in the cloud or at the edge, and KX is well-positioned to address this need”, said Eric Raab.

Seamus Keating, Chief Executive Officcer of FD, commented: “The real-time data analytics market continues to move towards us particularly in the areas of IoT, streaming data, cloud and edge computing. Eric’s breadth of experience delivering product strategies in this space will be invaluable to our growth ambitions for KX. I am delighted to welcome him to the team.”

In 2020, Alan Coad joined First Derivatives as Chief Revenue Officer for Kx. Mr. Coad is responsible for Kx sales with a focus on accelerating the expansion of the Kx streaming analytics platform into other industries, building on its strength in financial services.

First Derivatives has recently become an Amazon Web Services (AWS) Advanced Consulting Partner. The firm has more than 120 AWS certified consultants whose mission is to train up to 2,000 consultants. AWS consultants help clients safely migrate their systems to the cloud. The certification only documents what is already known within the trading industry: First Derivatives’ expertise in supporting clients with their cloud-based digital transformation initiatives.

In Q4 2020, the firm announced the appointment of former eBay CTO Steve Fisher as a Non-Executive Director of the Group. He will be assisting the expansion of the Kx streaming analytics platform into other industries adjacent to and outside of its capital markets heritage.

 

Read this next

Digital Assets

Coinbase CEO says Chase UK’s ban on crypto “totally inappropriate”

Coinbase CEO Brian Armstrong criticized Chase UK’s decision to restrict cryptocurrency-related transactions in the UK. He called the move “totally inappropriate” and expressed his disagreement with the bank’s decision to ban its UK customers from conducting debit card or wire transfers related to cryptocurrencies.

Digital Assets

Binance CZ refutes any connection with CommEX

Changpeng “CZ” Zhao, the founder and CEO of Binance, has denied being the owner of CommEX, the company that reportedly acquired Binance’s business in Russia.

Institutional FX

Refinitiv’s spot FX volumes hit 8-month low

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $424 billion last month on the company’s main FX trading services.

Executive Moves

Integral hires industry veteran Paul Arnold as liquidity manager

Integral, a technology provider to the financial markets’ buy-side, has appointed Paul Arnold, a highly experienced FX industry professional, as its liquidity manager, according to information made public on his Linkedin profile.

Digital Assets

Terraform’s Do Kwon challenges US extradition request

Do Kwon, the crypto entrepreneur and former CEO of Terraform Labs, is opposing the U.S. Securities Exchange Commission’s request to question him about the crash of his company’s stablecoins Terra and Luna.

Digital Assets

Coinbase gets nod to offer futures for retail customers

Coinbase International Exchange has received regulatory approval from Bermuda’s financial regulator, the Bermuda Monetary Authority (BMA), to allow eligible non-US retail customers to trade perpetual futures contracts.

Inside View

How brokers can win the trading tech wars: Insights from iFX EXPO 2023

Last week’s iFX EXPO International 2023, held at the City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus, welcomed a series of insightful discussions. A panel that particularly stood out focused on the role and evolution of trading technology.

Crypto Insider

Web3 Transformation: Radix’s Babylon Update Redefines User and Developer Engagement

Radix Publishing leaps forward in the decentralized world with the release of the Babylon mainnet upgrade, bridging the gap between innovative tech and user-friendly DeFi experiences.

Digital Assets

Crypto.com Joins Forces with PayPal and Paxos for Enhanced PYUSD Exchange Experience

Crypto.com collaborates with PayPal and Paxos to fortify its position as the premier exchange for PYUSD, marking a significant milestone in the global crypto landscape.

<