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OTC Link ATS appoints chief compliance officer

First Published 7th April 2015

OTC Markets Group's OTC Link ATS appoints Michael Corrao as chief compliance officer.

New York - OTC Markets Group, operator of Open, Transparent and Connected financial marketplaces, has announced its wholly-owned subsidiary, OTC Link ATS, has appointed Michael T. Corrao as Chief Compliance Officer. Corrao joins OTC Link ATS with over 25 years of broker-dealer compliance experience. He served more than nine years as Chief Compliance Officer of Knight Capital Markets LP, now known as KCG Holdings, and most recently practiced as a consultant focusing on broker-dealer trading and surveillance compliance in the Regulatory Risk practice at KPMG LLP.

As the Chief Compliance Officer of OTC Link ATS, Corrao will be responsible for all aspects of the firm's broker-dealer compliance program and will focus initially on coordinating the firm's compliance with the SEC's Regulation Systems Compliance and Integrity ("Regulation SCI"). Corrao will report to Michael Modeski, President of OTC Link ATS.

"We continue to focus on regulatory compliance as a cornerstone of our operations, and we are excited to add a highly respected, experienced Chief Compliance Officer in Mike Corrao," said Modeski. "With the introduction of the SEC's Regulation SCI and our unique position in the market, a strong compliance function is essential to our future growth and success. I look forward to working closely with Mike as we build out our compliance processes and continue to provide services that solve problems for our subscribers."