Correlix accelerates growth, names Gil Shaked CEO
First Published Monday, 1 February 2010 from Automated Trader : Algo Appointments News
Former managing director and global head of prime services technology at Credit Suisse joins executive team
Shawn Melamed, founder, president and CTO, Correlix. "With Gil joining to lead our team, we are well positioned to scale our operations to support our growing client base and solidify our market leadership."
Correlix, the provider of Latency Intelligence™ solutions and the RaceTeam™ service provider, has named Gil Shaked as chief executive officer. Shaked succeeds Shawn Melamed, Correlix's founder, who will serve as the company's president and chief technology officer.
"2009 was a tremendous year for Correlix. Our sales grew on average more than 200% per quarter for four straight quarters. In addition, we doubled our staff, opened an office in London and achieved a global client base in the US, Europe and Asia comprising some of the world premier Investment Banks, Hedge Funds and Exchanges," said Shawn Melamed, founder, president and CTO of Correlix. "With Gil joining to lead our team, we are well positioned to scale our operations to support our growing client base and solidify our market leadership."
"Latency has become the new currency of high frequency electronic trading. Correlix's unique approach to latency monitoring through the pioneering RaceTeam™ and Latency Intelligence™ offerings provide Algo-Traders the transparency and data they need to optimize their strategies and improve overall trading and execution quality," said Gil Shaked, CEO at Correlix.
