Introducing

The latest tool designed to broaden accessibility of compliance The New York Stock Exchange analytics data

is proud to support STANY and the Interact directly with the data points that are most relevant to your compliance process financial services community. through this user friendly, web- based tool

View the latest risk score metrics in aggregate and drill down into the 19 scoring categories and more than 100 data points

Track risk score changes, price movement, and newly Learn more about our leading market quality at nyse.com/trade promoted securities

Find out more: canari.otcmarkets.com [email protected] +1 212 220 2166 © 2019 NYSE Group, Inc. All rights reserved. New York Stock Exchange and NYSE are trademarks of NYSE Group, Inc. or its affiliates. For more information regarding registered trademarks see: intercontinentalexchange.com/terms-of-use. Neither OTC Markets Group Inc. nor any of its afÞliates makes any recommendation to buy or sell any security or any representation about the Þnancial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing. ©2019 OTC Markets Group Inc. All Rights Reserved. Introducing

The latest tool designed to broaden accessibility of compliance analytics data

Interact directly with the data points that are most relevant to your compliance process through this user friendly, web- based tool

View the latest risk score metrics in aggregate and drill down into the 19 scoring categories and more than 100 data points

Track risk score changes, price movement, and newly promoted securities

Find out more: canari.otcmarkets.com [email protected] +1 212 220 2166

Neither OTC Markets Group Inc. nor any of its afÞliates makes any recommendation to buy or sell any security or any representation about the Þnancial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing. ©2019 OTC Markets Group- 1 Inc.- All Rights Reserved.

2019 Events 83rdAnnual Conference and Dinner New York Stock Exchange | 11 Wall Street | New York, NY Thursday, April 4, 2019

STANY Annual Meeting and Bootleggers Tasting OTC Markets Group | 300 Vesey Street, 12th Fl | New York, NY Tuesday, July 16, 2019

2019 Golf Classic & John Harrington Cup Tournament 83Canoe Brook Country Club | Summit, NJ Monday, July 22, 2019

29th Annual International Reception and Holiday Party Location and Date: TBA

Kimberly Unger Chief Executive Officer [email protected]

212.344.0410 www.stany.org - 3 -

Security Traders Association of New York Table of Contents 6 STANY BOARD OF DIRECTORS

8 STANY PRESIDENT’S WELCOME LETTER

10 2018 SPONSORS THANK YOU

12 2019 SPONSORS

14 2019 CONFERENCE SCHEDULE

COMPANY PROFILES 16 Double Diamond Sponsors 18 Diamond Sponsor 18 Platinum Sponsors 22 Gold Sponsors 24 Silver Sponsors 28 Women in Finance Sponsors 30 Bronze Sponsors 42 Friend Sponsors

6TH ANNUAL HONORS 44 Outstanding Contribution to Industry Award 46 Lifetime Achievement and Dedication to STANY Award

48 EVENT PHOTOS

106 2019 STANY ATTENDEES 118 2019 STANY MEMBERSHIP DIRECTORY 124 2018 STANY MEMBERSHIP DIRECTORY 128 2019 RETIRED AND HONORARY MEMBERS

C3 ADVERTISEMENT INDEX

- 5 - Security Traders Association of New York Board of Directors 2018-2019 Officers President PATRICIA KOETZNER Siebert, Cisneros, Shank & Co.

First Vice President JAMES HYDE NYSE / ICE

Second Vice President RON HOOEY BNY Mellon Capital Markets

Secretary PETER COCUZZA Global Liquidity Partners

Treasurer BRIAN CASHIN Instinet

Past President BARRY HICKMAN BNY Mellon’s Pershing

CEO/Executive Director KIMBERLY UNGER, Esq. STANY

Directors Consultants Bill Cody William Karsh Jeffrey Cooper Cboe Global Markets OTC Markets Group NYFIX Itiviti

Troy Draizen Brian Kennedy Beth Hamburger Cowen Execution Services Dash Financial Thomas Jordan Jordan & Jordan Joanna Fields Jennifer Nayar Aplomb Strategies Vela Jeff Mendl Daniel Strack OTC Markets Group John Graf Jessica Theisen David Weisberger Two Sigma Investments CoinRoutes Leucio Iaobelli INTL FCStone Securities Lisa M. Utasi ClearBridge Investments

- 6 - Your knowledge, our power. Better together.

Holistic trading technology powered by Clearpool puts you in control of your .

The powerful combination of man + machine empowers brokers to deliver better quality executions for buy side clients.

Clearpool helps the buy side and sell side create custom strategies based on specific trading goals.

Our Algorithmic Management System allows you to monitor and adjust routing protocols in real time.

Analyze and make informed optimizations to algorithms with historical data to back it up.

See it in action. ClearpoolGroup.com/Demo - 8 - By bringing together people, capital and ideas, produces solutions and results for our clients. Our securities division helps clients buy and sell financial instruments on exchanges around the world. From developing trading strategies to the final clearing and execution of transactions, our experts provide insights and strategies to help clients achieve their goals. We understand that by serving our clients well and creating opportunities for economic growth, our own success will follow.

goldmansachs.com © 2019 Goldman Sachs

- 9 - Security Traders Association of New York 2018 Sponsors Dear STANY Members, Friends and Generous Sponsors:

The Officers, Directors and staff of STANY wish to offer our sincere appreciation to the members and sponsors who have so generously supported STANY throughout the year. Your support is invaluable and has enabled the Association to serve the New York, New Jersey and Southern Connecticut trading community for 83 years.

With the help of our members, friends, and the STANY Foundation, we were able to contribute to multiple worthwhile organizations in 2018 & 2019 including: Cody Strong for a Cure, Foundation for Women Warriors, MDA’s Wings Over Wall Street, St. Jude’s Children Research Hospital, Wall Street Rides FAR for Autism Research Foundation. We are proud of our charitable efforts and of all our members who contributed their time, resources and money to these exceptional causes.

We also wish to thank those of you who participated in, and attended, our programs and events and who supported STANY in countless ways throughout 2018 and 2019. We truly appreciate your continued support and greatly value our relationship with you and your firms.

Special thanks to the following Sponsors & Supporters of STANY since the 2018 Conference Annual Sponsors Golf Holes Beverage Carts cont... International BCS Global Markets Intelligent Cross Reception Diamond BNY Mellon Pershing Spartan Capital NYSE B Riley FBR Gold OTC Markets Group Canaccord Genuity Golf Carts Kx Cantor Fitzgerald (2) Canadian Securities Platinum Hudson River Trading (2) Exchange (2) Silver Cboe IMC Vela BestXStats Citadel Securities Jane Street (2) Canaccord Genuity Goldman Sachs Nasdaq Kx Coolers MIAX OTC Markets Group Bronze Golf Classic Nextshares (2) BIDS Trading L.P. S3 Golf Towels Canadian Securities Exchange Brunch SIG Susquehanna LevelATS FlexTrade MIAX SpeedRoute Instinet Ball Markers Presidio TMX Jordan & Jordan Citadel Securities tZero Vela Cocktails Golf Balls Half Ways Friend BNY Mellon Pershing Cboe Cowen S3 LeveL ATS Instinet USB Fans Cboe Beverage Carts Dinner BNY Mellon Pershing Hats BIDS Trading FlexTrade MIAX DataWatch - 10 - M-ELO: Midpoint Extended Life Order Enhancing Performance for Like-Minded Investors

+ Over 13 million shares traded on average per day at the midpoint of the NBBO

+ Average order life of 11+ seconds

+ Active in over 7,900 NMS securities

+ Quote Stability: 88% of the time the NBBO remains the same one second after a MELO execution

For more information, contact [email protected] Security Traders Association of New York 2019 Sponsors Double Diamond

Diamond

Platinum

Gold

Silver

Women in Finance

Bronze

Friend

Media

- 12 -

Security Traders Association of New York 83rd Annual STANY Markets Conference and Party th

7:30-9:00 a.m. STANY Women in FinanceApril Breakfast 4 , 2019 8:00-8:30 a.m. Fire-Side Chat Christy Turlington Burns, Founder, Every Mother Counts Morgan Brennan, Co-Anchor, “Squawk Alley”, CNBC 8:30-9:00 a.m. James White, Head of Diversity & Inclusion, Lord Abbett & Co, Inc. Morgan Brennan, Co-Anchor, “Squawk Alley”, CNBC 9:00-9:10 a.m. Jodie Grenier, CEO, Foundation for Women Warriors 9:10-9:30 a.m. Networking Break 9:30-10:10 a.m. Impact of New Regulations on the Buy & Sell Side Trader Moderator: Vivian Maese, Esq. Partner, Cadwalader, Wickersham & Taft LLP Curt Engler, Head of Trading The Americas, JP Morgan Asset Management Gene DeMaio, Esq., Senior Vice President, FINRA Joe Mecane, Head of Execution Services, Citadel Securities Joe Wald, CEO, Clearpool Group 10:10-10:40 a.m. Fireside Chat Keynote Hester Peirce, Commissioner, United States Securities and Exchange Commission Dave Franasiak, Esq., Principal, Williams and Jensen 11:00-11:40 a.m. Exchange Strategies Moderator: Keith Casuccio, Managing Director, Goldman Sachs Jon Herrick, Head of Equities, NYSE Parker Lim, Head of Equities Strategy, Cboe Global Markets Chuck Mack, Head of North American Equities Products, Nasdaq Kevin Sampson, President Equity Trading, TSX 11:20-12:00 p.m. Fireside Chat Keynote Stacey Cunningham, President, NYSE Andrew Upward, ETF Strategist, Jane Street 12:00-1:00 p.m. Lunch 1:00-1:40 p.m. Options Moderator: Paul Jiganti, Managing Director, IMC Ivan Brown, Head of Options, NYSE Options Arianne Criqui, Senior Vice President, Cboe Global Markets Meaghan Dugan, Director, of America Lynch 1:00-1:40 p.m. Focus on the Transaction Fee Pilot Moderator: Rich Steiner, Head, Client Advocacy and Market Innovation, RBC Capital Markets Cromwell Coulson, President & CEO, OTC Markets Group Phil Mackintosh, Chief Economist, Nasdaq John Ramsay, Chief Market Policy Officer, IEX Group Inc. Clare Saperstein, Esq., Associate General Counsel, Senior Director, NYSE Justin Schack, Managing Director/Partner, Rosenblatt Securities 1:40-2:10 p.m. The Changing Buyside OMS Landscape Continues on the next page... - 14 - Security Traders Association of New York rd

Continued83 fromAnnual previous page... STANY Markets Conference and Party Moderator: Eric Matregrano, CAIA, Head of Sales Americas, Itiviti NYFIX Aaron Levine, Vice President OEMS Solutions, FlexTrade Brad LeClair, Vice President Product Manager, Broadridge Jason Morris, President, Enfusion Jeff Shoreman, Senior Vice President & Managing Director, SS&C Eze 2:20-3:00 p.m. The Future of Fixed Income Moderator: Ted Bragg, Head of US Fixed Income, Nasdaq Philip Cichlar, ETF Sales and Trading, Jane Street JC Mas, Head of Institutional Trading, BNY Mellon Market Steve Sachs, Managing Director, Head of Capital Markets, Goldman Sachs Erica Thomas, Director, Tradeweb 2:20-3:00 p.m. Dotting the i’s and Crossing the t’s on 606 Ben Calev, Founder &Chief Technology Officer, BestXStats Joanna Fields, Principal, Aplomb Strategies Mark Davies, CEO, S3 3:00-3:40 p.m. Bridging the Gap in Digital Assets Moderator: Josh Deems, Business Development Digital Assets, Fidelity Digital Assets Daniel S. Alter, Esq., Shareholder, Murphy & McGonigle Rob Cornish, Chief Technology Officer, Gemini Capital Yoshi Nakamura, Global Head of Sales & Business Development, Galaxy Digital Trading John Willock, CEO, Tritum Inc. 3:40-4:00 p.m. Networking Break 4:00-4:40 p.m. Liquidity Solutions Moderator: Vlad Khandros, Managing Director, Global Head of Market Structure & Liquidity Strategy, UBS Brian Bulthuis, Executive Director, Head of America Quantitative Trading Strategy, Instinet Jennifer Hubbs, Managing Director Portfolio Trading, Dash Financial Technologies Roman Ginis, Founder & CEO, Imperative Execution, Inc., parent of Intelligent Cross Timothy Lang, CEO, Global Liquidity Partners 4:40-5:20p.m. The State of IPOs Moderator: Richard Herr, Managing Director, Sandler O’Neill & Partners Jason Paltrowitz, Director, OTC Markets Group International Ltd. & EVP Corporate Services, OTC Markets Group Carolyn Saacke, COO of Capital Markets, NYSE 5:20-6:00 p.m. STANY Honors Lifetime Achievement & Dedication to STANY Frank Masi Outstanding Contribution to the Industy Chris Concannon President & COO, MarketAxess Presented by Bob Pisani, On-Air Stocks Editor, CNBC 6:00-9:00 p.m. Party on the Floor Raffle to Benefit Foundation for Women Warriors Entertainment by Raw Sugar - 15 - Security Traders Association of New York Company Profiles DOUBLE DIAMOND SPONSORS

YSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group’s equity Nexchanges -- the New York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S. equity volume than any other exchange group. The NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit www.nyse.com/index.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange. com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and -based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key information Documents (KIDS)”.

Double Diamond Sponsors continues on page 17 - 16 - Security Traders Association of New York Company Profiles DOUBLE DIAMOND SPONSORS

TC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 10,000 U.S. and global securities. Through OTC OLink ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

OTC Markets, OTCQX, OTCQB, Pink and OTC Link are registered trademarks of OTC Markets Group Inc.

Diamond Sponsors continues on page 18 - 17 - Security Traders Association of New York Company Profiles DIAMOND SPONSOR

itadel Securities is an award-winning global market maker across a broad array of fixed income and equity products. Our unique set of capabilities and tools are designed to drive down the Ccost of transactions, helping to meet the liquidity needs of asset managers, , broker-dealers, funds, government agencies, and public pension programs. We strive to provide the most efficient execution and the highest caliber of services, making markets more fair and accessible for all.

To learn more, visit www.citadelsecurities.com

PLATINUM SPONSORS

boe Global Markets, Inc. (“Cboe Global Markets” or “Cboe”) is one of the world’s largest ex- change holding companies, offering cutting-edge trading and investment solutions to investors Caround the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.

Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world’s ba- rometer for equity market volatility.

Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.

To learn more, visit www.cboe.com Platinum Sponsors continues on page 20 - 18 - THE WORLD’S FASTEST TIME SERIES DATABASE

kdb+ The World’s Fastest Time Series Database

A leader in trading technology for over two decades, reach out to us at [email protected] to learn more. www.kx.com Security Traders Association of New York Company Profiles

PLATINUM continued from page 18

aunched in 2014 and based in New York, Clearpool Group, Inc. is a financial technology company providing holistic electronic trading solutions designed to deliver greater transparency, trust and Lcontrol in algorithmic trading. Clearpool’s advanced Algorithmic Management System (AMS) is transforming electronic trading with a fully customizable suite of algorithmic trading tools designed for broker-dealers to service institutional asset managers around the globe. The cloud-based AMS platform offers visibility and control from strat- egy to execution. It provides pre-trade compliance and risk checks, custom configurability of algorithmic strategies and advanced analytics. It empowers brokers to differentiate themselves in a competitive land- scape by managing their own algorithmic trading technology at scale to achieve quality executions for their buy side clients.

Clearpool’s Venue Analysis is a forensic tool that allows institutional market participants to examine ven- ue performance on a monthly or quarterly basis to validate routing protocols and demonstrate best ex. Its transparent and visual data enables the buy side and sell side to collaborate more deeply to optimize routing protocols based on the intent of a trade, which is increasingly important in our evolving equity market microstructure.

Clearpool’s independent, agency broker-dealer execution services provide access to liquidity free of conflicts. Our routing protocols are completely transparent, and we do not trade against client flow or conduct any . Combined with the power of our AMS and Venue Analysis, we efficiently source liquidity and allow our partners to deliver best execution.

To learn more, visit www.clearpoolgroup.com

he Goldman Sachs Group, Inc. is a leading global financial services firm providing investment bank- ing, securities and investment management services to a substantial and diversified client base that Tincludes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. To learn more, visit www.gs.com

Platinum Sponsors continues on page 22 - 20 - - 21 - Security Traders Association of New York Company Profiles PLATINUM continued from page 20

asdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables Ncustomers to plan, optimize and execute their business vision with confidence, using proven tech- nologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic , its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $12 trillion. To learn more, visit business.nasdaq.com.

GOLD SPONSORS Launched in 2011, Dash Financial Technologies is the industry’s leading capital markets technology and execution provider. Dash’s philosophy is simple: with technology, clients should be empowered to craft, analyze and refine bespoke solutions calibrated to their precise performance goals. Using the award-winning Dash360 platform, clients receive full routing and cost transparency and a comprehensive suite of tools to visualize all aspects of their orders in real time. With this emphasis on technology, Dash has become the industry’s leading provider of wholly customizable and transparent trading solutions, routing approximately 14% of the daily OCC volume and an additional 25% touching its workflow and compliance tools.

To learn more, visit www.dashfinancial.com

Kx has a unified approach to real-time and historical data analysis, based upon kdb+, the world’s fastest time-series database, which has been widely embraced on Wall Street with customers ranging from Goldman Sachs and , to hedge funds like GSA Capital Partners. Kdb+ can capture a wide range of structured, time-series data and perform complex analytics directly on the data with its q programming language. Its extreme speed has been confirmed by independent STAC tests. Based in Palo Alto, California, Kx has offices in North America, Europe, and Asia, and counts among its customers more than 100 top-tier companies, including global OEM partners. For further information please contact [email protected].

Silver Sponsors continues on page 26 - 22 - #1 ATS FOR US BLOCK TRADING* *FINRA ATS BLOCK DATA FEBRUARY 2019, BY VOLUME

SEE OUR SUCCESS IN CBOE LIS, POWERED BY BIDS, FOR EU TRADING ACCESSIBLE THROUGH THE BIDS TRADER FRONT-END: http://markets.cboe.com/europe/equities/market_share/market/

(CLICK THE + NEXT TO CBOE EUROPE UNDER NON-DISPLAYED PRICE VENUES

AND YOU WILL SEE OUR VOLUME UNDER CBOE LIS)

GET CONNECTED WWW.BIDSTRADING.COM :: [email protected]

©2019 BIDS Trading® is a FINRA Member Firm. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world. Security Traders Association of New York Company Profiles SILVER SPONSORS BestXstats BIDS Trading L.P BestXstats (BXS) is an independent third-party BIDS Trading L.P. is a registered broker-dealer service provider that specializes in Post-Trade and operator of the BIDS Alternative Trading execution quality tools. Part of the original pioneers System (ATS) which was designed to bring of the current 605 and 606 Rules, we assist firms counterparties together to anonymously trade not only in complying with their regulatory large blocks. Developed by a consortium of leading obligations, but compete through advanced data financial services firms, the BIDS ATS resolves mining techniques. With a deep knowledge of the the classic paradox of the block trader: the need securities industry and over 100 years combined to find legitimate trading counterparties without experience, BXS is committed to providing their prematurely revealing trading intentions. The BIDS clients with the Best-In-Class analytics tools for sponsorship model offers a low-cost alternative broker-dealers, ATS’s, Trading Networks, Market and an excellent commission management tool for Makers and Exchanges. the buy-side, providing them the opportunity to BXS is committed to help firms stay ahead of the find unique liquidity, while paying their sponsoring curve in an ever-changing regulatory environment brokers for research and other services. BIDS has with cutting edge post-trading solutions. We treat grown to be a dominant player for block volume in every firm’s business dealings as unique and pride the U.S. ourselves on creating bespoke solutions that are In 2016, BIDS partnered with Cboe Europe to unique to each individual client, providing the most launch Cboe LIS. Designed to deliver BIDS innovative valuable and cost-effective solutions. trading model into the European markets under the With a stellar track record of providing excellent Bats Europe RIE (Registered Investment Exchange) customer satisfaction and an ongoing commitment umbrella, Cboe LIS is a rapidly growing presence in to developing and maintaining valued long-term the EU block market. relationships, BXS will never compromise the For more information, visit www.bidstrading.com. quality and services we provide to our customers. We believe that true customer satisfaction is built Cadwalader, Wickersham & Taft LLP by providing a seamless workflow from the time the Cadwalader, Wickersham & Taft LLP, established in initial trade data is received to the delivery of the 1792, serves a diverse client base, including many final analysis report and beyond. We can assure this of the world’s leading financial institutions and by utilizing our extensive knowledge in advanced corporations in more than 50 countries. With offices processes to offer timely results you can count on in the U.S. and Europe, Cadwalader offers legal – consistently. expertise in antitrust, banking, corporate finance, We have the most experienced and well-trained corporate governance, environmental, executive team that will guide you through the set-up process, compensation, financial regulation, financial answer any questions you may have and provide you restructuring, fintech, fund finance, intellectual with meaningful advice while maintaining an ongoing property, litigation, mergers and acquisitions, private connection with your firm. equity, private wealth, real estate, , To learn more, visit www.bestxstats.com structured finance, tax and white collar defense. For more information, visit www.cadwalader.com

Women in Finance Sponsors continues on page 26 - 24 - Aligning innovation with opportunity

At Cadwalader, we have been at the forefront of financial innovation for more than 225 years. We don’t just follow the curve – we draw it.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Cadwalader, Wickersham & Taft LLP www.cadwalader.com

- 25 - Security Traders Association of New York Company Profiles SILVER continued from page 24 Canaccord Genuity tools include regulatory reporting capabilities that Canaccord Genuity is the global capital markets allow customers to better comply with regulatory division of Canaccord Genuity Group Inc., offering mandates, enhancing transparency and ensuring a institutional and corporate clients idea-driven fairer trading environment. , merger and acquisition, For more information, visit http://s3.com/ research, sales and trading services from offices in North America, UK & Europe, Asia, Australia and the TMX Group Middle East. Our diverse team of capital markets TMX Group operates global markets, and builds digital and advisory professionals has deep industry and communities and analytic solutions that facilitate the transactional expertise in key growth sectors of the funding, growth and success of businesses, traders global economy. We are committed to providing and investors. TMX Group’s key operations include valued services to our clients throughout the entire Toronto Stock Exchange, TSX Venture Exchange, lifecycle of their business and operating as a gold TSX Exchange, The Canadian Depository for standard independent investment bank – expansive Securities, Montréal Exchange, Canadian Derivatives in resources and reach, but targeted in industry Clearing Corporation, and Trayport which provide expertise, market focus and individual client listing markets, trading markets, clearing facilities, attention. depository services, technology solutions, data More information is available at www. products and other services to the global financial canaccordgenuity.com community. TMX Group is headquartered in Toronto and operates offices across North America IntelligentCross (Montréal, Calgary, Vancouver and New York), as IntelligentCross is a new equities venue that uses well as in key international markets including London A.I. to reduce market impact and adverse selection. and Singapore. For more information about TMX It is the first ‘smart venue’ that uses a calibrated Group, visit our website at www.tmx.com. Follow discrete matching process to lower the implicit costs TMX Group on Twitter: @TMXGroup of trading, while maximizing liquidity. It is additive to institutional brokers and their clients in optimizing Virtu trading performance. Virtu is a leading financial firm that leverages cutting Learn more at visit http://intelligentcross.com/ edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions S3 to our clients. As a market maker, Virtu provides S3 is a financial services software company that deep liquidity in over 25,000 securities, at over provides solutions to monitor and analyze trade 235 venues, in 36 countries worldwide that helps execution for options, equities, and fixed income to create more efficient markets. We leverage our securities. S3’s configurable software platform market structure expertise and scaled, multi-asset provides clients with the data necessary to technology infrastructure to provide a complete understand those factors impacting best execution suite of client solutions, including transparent agency and transaction costs in today’s fragmented market execution and broker-neutral offerings. landscape. Additionally, S3’s market structure analysis To learn more, visit www.virtu.com

- 26 - Driven by client goals. Driven by deeper insights.

Driven by your success.

Wealth Management / Capital Markets / cgf.com

Canaccord Genuity LLC is registered broker-dealer regulated by the SEC and FINRA. Member SIPC. Canaccord Genuity Corp. Member IIROC/Canadian Investor Protection Fund Offices in other countries are offices of other companies in the Canaccord Genuity group of companies. Security Traders Association of New York Company Profiles WOMEN IN FINANCE SPONSORS Aplomb Strategies Inc. bank providing expertise in banking, finance and For more information please capital markets to corporations, institutional Call: +1 646 559 4352 investors, asset managers and governments around Email: [email protected] the world. We serve clients from 70 offices in 15 Visit: www.aplombstrategies.com countries across North America, the UK, Europe Aplomb Strategies Inc. is a market structure and the Asia-Pacific region. Our more than 7,200 consulting firm with regulatory financial technology professionals deliver the experience and insights development and management capabilities. required to raise capital, access markets, mitigate Aplomb Strategies helps financial institutions risk and acquire or dispose of assets for clients capitalize on global market structure changes. Our worldwide. We are consistently ranked, by third- focus allows our client partners to understand party sources, among the 10 largest and most and implement new organizational processes to significant investment banks globally. address global regulatory change, mitigate work RBC Capital Markets is part of a leading, diversified flow inefficiencies and implement cost optimization provider of financial services, to drive opportunities for growth. (RBC). Operating since 1869, RBC is one of the Aplomb advises senior management, recommends largest banks in the world and the fifth largest in technology solutions, implements regulatory North America, as measured by market capitalization. strategies and conducts end to end reviews of With a strong capital base and consistent financial procedures to support compliance globally across performance, RBC is among a small group of highly asset classes (equities, listed options, futures, fx, rated global banks. fixed income and OTC derivatives). For more information, visit: In a world of rapid market structure change, find https://www.rbccm.com/en/ opportunity. Vela Barclays Vela is a leading independent provider of trading Barclays is a transatlantic consumer and wholesale and market access technology for global multi- bank offering products and services across personal, asset electronic trading. Our software enables corporate and investment banking, credit cards and clients to rapidly access global liquidity, markets, wealth management, with a strong presence in our and data sources for superior execution. We help two home markets of the UK and the US. With firms successfully differentiate and innovate in an over 325 years of history and expertise in banking, ever-changing, increasingly-regulated and fiercely- Barclays operates in over 40 countries and employs competitive landscape, while also reducing total approximately 80,000 people. Barclays moves, lends, cost of ownership. invests and protects money for customers and Vela’s ticker plant, execution gateways, trading clients worldwide. For further information about platform, and risk and analytics software deliver a Barclays, please visit our website home.barclays unique, ultra-low latency technology stack to simplify and streamline electronic trading. We leverage RBC Capital Markets the latest innovations in technology to deliver RBC Capital Markets is a premier global investment cutting-edge performance, features and reliability.

Women in Finance Sponsors continues on page 30 - 28 -

Security Traders Association of New York Company Profiles WOMEN IN FINANCE SPONSORS continued from page 28 Our modular stack provides access to a of technical and business experts available 24x7 comprehensive set of trading, data and risk APIs from our multiple offices in the US, Europe, and and can be delivered as-a-Service from multiple co- Asia. Vela’s clients include traders, market makers, location data centers globally. brokers, banks, investment firms, exchanges, and With access to more than 250 venues, Vela provides other market participants. global coverage across all major asset classes. Visit us at www.tradevela.com. Follow us on Twitter Clients are supported by an award-winning team @TradeVela BRONZE SPONSORS Axos Clearing LLC efficiency, attract and retain talent, and manage risk Axos Clearing LLC is a full-service correspondent and regulation. With a network of offices worldwide, clearing firm and custodian, serving introducing Pershing provides business-to-business solutions to broker-dealers and Registered Investment Advi- clients representing approximately 7 million inves- sors. We offer flexible, customized platforms, with tor accounts globally. Pershing LLC (member FIN- access to the industry’s most cutting-edge bro- RA, NYSE, SIPC) is a BNY Mellon company. kerage technologies. Axos Clearing provides our For more information visit, www.pershing.com correspondent clients with a comprehensive suite of offerings including multi-currency settlement Broadridge Financial Solutions and reporting in both foreign and domestic secu- Broadridge Financial Solutions is a US$4 billion glob- rities, portfolio margin, broker workstations and al Fintech leader that provides investor communi- wealth management solutions. Axos Clearing LLC cations, technology-driven solutions and data and (member FINRA, SIPC) is a subsidiary of Axos analytics to banks, broker-dealers, asset managers Financial, Inc. and corporate issuers globally. In , Broadridge To learn more, visit: provides the infrastructure that helps the financial http://investors.axosfinancial.com/ services industry operate. Serving hundreds of firms, Broadridge’s asset man- BNY Mellon’s Pershing agement platform offers a streamlined, multi-asset- BNY Mellon’s Pershing and its affiliates provide a class suite of solutions designed to meet the de- comprehensive network of global financial busi- manding, real-time, front-to-back office needs of ness solutions to advisors, broker-dealers, family traditional asset managers, hedge funds, fund admin- offices, and ’40 Act fund managers, reg- istrators, custodians and service providers. These istered investment advisor firms and wealth man- ‘best of suite’ investment management solutions agers. Many of the world’s most sophisticated and include order management, portfolio management, successful financial services firms rely on Pershing risk management, reference data management, data for clearing and custody; investment, wealth and re- warehouse reporting, data visualization and recon- tirement solutions; technology and enterprise data ciliation. The suite is complemented by a number of management; trading services; and preferred strategic partnerships with leading soft- business consulting. Pershing helps clients improve ware and solution firms, including Tableau Software profitability and drive growth, create capacity and and StatPro. Bronze Sponsors continues on page 32 - 30 -

Security Traders Association of New York Company Profiles

BRONZE continued from page 30 Broadridge helps clients drive operational excel- Cowen Inc. lence to manage risk, accelerate growth and deliver Cowen Inc. is a diversified financial services com- real business value. Their investment operations pany and provides alternative asset management, in- platform simplifies the portfolio management pro- vestment banking, research, sales and trading, prime cess, supports the increasing use of complex instru- brokerage, global clearing and commission manage- ments, improves operational efficiency and lowers ment through its two business segments: Cowen the cost of investment operations. Investment Management and Cowen and Company. To learn more, visit www.broadridge.com Cowen Investment Management provides alterna- tive asset management solutions to a global client The Canadian Securities Exchange base and Cowen and Company offers industry fo- The Canadian Securities Exchange is one of the cused investment banking for growth-oriented com- fastest growing equities exchanges because of its panies, industry-leading research, a sales and trading ability to lower the cost of Canadian public capital platform for institutional investors and prime bro- for entrepreneurs. The CSE is designed to facilitate kerage services. Founded in 1918, Cowen is cele- the capital formation process for public companies brating its 100th anniversary and is headquartered through a streamlined approach to company reg- in New York with offices worldwide. For additional ulation that emphasizes disclosure and the provi- information, visit www.cowen.com. sion of efficient secondary market trading services for investors. The CSE is home to more than 490 Enfusion uniquely listed companies covering a broad range of For more than a decade, Enfusion has provided in- industry sectors. novative technology and support to over 400 top- For more information, visit thecse.com tier firms in the global investment management in- dustry. Our award winning, cloud-based solution au- CODA Markets tomates and simplifies investment management and CODA Markets is an independent, agency-only operations by consolidating software, outsourced FINRA regulated broker-dealer which operates an services, and data analytics. Enfusion is headquar- electronic equity alternative trading system under tered in Chicago, with offices in New York, London, SEC Regulation ATS. CODA aims to increase in- Dublin, Hong Kong, Sao Paulo and Mumbai. vestment returns for participants by taking time out For additional information, visit: of the trading process. We pioneered the develop- www.enfusionsystems.com ment of on-demand auction markets that eliminate the costs associated with shaving sub-seconds or Fidelity Digital Assets preventing information leakage in order placement. Fidelity Digital Assets, a Fidelity Investments Com- Our markets facilitate hundreds of thousands of pany, offers a full-service enterprise-grade platform competitive stock auctions every day, anchored by for securing, trading and supporting digital assets, billions of shares of unique on-demand aggregated such as bitcoin. Fidelity Digital Assets combines the liquidity. (CODA Markets is a PDQ Enterprises operational and technical expertise of the broad- company.) er Fidelity organization with the unique capabili- Learn more at www.pdqenterprises.com/ ties of dedicated blockchain expertise to deliver a completely new offering for institutional investors. Bronze Sponsors continues on page 32 - 32 -

Security Traders Association of New York Company Profiles BRONZE continued from page 32 Fidelity Investments is one of the world’s largest Our unique approach to algorithm design and and most diversified financial services providers electronic execution strategies have resulted in with more than $7 trillion in client assets under consistent measurable performance. 7 years of administration. Learn more at: TCA provided by have added to our http://fidelitydigitalassets.com. reputation at GLP. Our primary focus from day one has always been the delivery of SUPERIOR FlexTrade Systems EXECUTION QUALITY. Customization, innova- Founded in 1996, FlexTrade Systems is the industry tion and adaptive algorithmic strategy design have pioneer and global leader in broker-neutral execu- become our trademark. For more information tion management and order management trading http://www.globalliquiditypartners.com/ systems for foreign exchange, equities, options, fu- tures and fixed income. FlexTRADER, our flagship Hudson River Trading platform for algorithmic trading, is widely viewed as Hudson River Trading (“HRT”) is a multi¬-asset unique in the industry for its combined high per- class quantitative trading firm based in New York formance and multi-asset capability. With offices City. Founded in 2002, HRT develops automated in North America, Europe and Asia, FlexTrade has trading algorithms that provide liquidity and facili- an institutional client base spanning 45 countries tate price discovery on exchanges and alternative and includes many of the largest hedge funds, asset trading systems. With offices in New York, Chicago, managers, commodity trading advisors, investment London, Singapore, and Austin, TX, HRT trades eq- banks and institutional brokers. For more informa- uities, futures, options, currencies and fixed income tion, visit FlexTrade Systems at www.flextrade.com. on over 100 markets worldwide. To learn more, visit www.hudson-trading.com Global Liquidity Partners Global Liquidity Partners is a technology compa- IEX Group ny focusing on delivering superior equity execu- IEX Group is on a mission to build fairer markets. tion strategies. Our success in providing solutions Founded in 2012 and headquartered in New York to the existing fragmented marketplace is driven City, IEX Group, Inc. introduced its first trading by many unique components. The starting point is venue in 2013 and launched the Investors Exchange the state of the art technology platform that has (IEX), an independent U.S. stock exchange, in 2016. been built and consistently enhanced. Our highly ef- Learn more at iextrading.com. ficient proprietary architecture supports the prem- ise of GLP being the TECHNOLOGY TOOL that IMC provides SOLUTIONS. Our conflict free – broker IMC has been active in exchange-based trading for neutral approach to equity execution is another key more than 25 years. ingredient. The absence of internalization or use of Operating globally, we trade on more than 100 market making wheels contributes to the minimiza- venues around the world and provide liquidity in tion of information leakage and gaming. Our unique more than 200,000 securities. routing and dark strategies result in highly efficient As one of the world’s leading market makers, SOURCING OF LIQUIDITY. Rigorous venue analy- we provide issuers with information about mar- sis occurs on a daily basis. ket events in their stock, sectors and the broader Bronze Sponsors continues on page 36 - 34 - - 35 - Security Traders Association of New York Company Profiles BRONZE continued from page 34 markets, and we leverage our scale and expertise Itiviti to enhance liquidity in listed companies for market Itiviti is a market-leading global provider of multi- participants. asset trading technology and financial infrastructure To learn more, visit www.imc.com/us/ solutions for buy-side and sell-side market partici- pants, including NYFIX, one of the industry’s largest Instinet FIX-based trading communities. Instinet provides technologically advanced, agency- Serving around 2000 clients worldwide, we pro- model brokerage services to institutional clients vide consistent, reliable access to the most up-to- worldwide. As the wholly-owned execution services date and innovative order routing, connectivity and arm of Nomura Group, we seek to add value across trading solutions available. Top-tier trading firms, the investment life cycle, providing: Research and In- banks, brokers, exchanges and institutional inves- sights; Trading Services; Liquidity Venues; and Work- tors rely on our technology, solutions and exper- flow Solutions. We help investors create, protect, tise to streamline their daily operations, connect to and capture alpha, to reduce complexity and lower their desired markets, and trade when and where overall trading costs, ultimately improving invest- they want. All while being able to comply with global ment performance. Throughout our history, Instinet regulation. has been a pioneer in electronic trading, creating With global offices in 18 locations covering all ma- industry-standard technologies and the world’s first jor financial centers the merger of Itiviti and Ullink major electronic trading venue. For more informa- in March 2018 created a full-service technology and tion on how our commitment to being innovative infrastructure provider, covering all asset classes, helps clients every day, visit us at instinet.com. geographies and regulatory landscapes. For more information, please visit www.itiviti.com. INTL FCStone, Inc Itiviti is owned by Nordic Capital Fund VII. INTL FCStone, Inc. (Nasdaq: INTL), through its subsidiaries, provides clearing and execution, risk MCAP LLC management and advisory services, and market in- MCAP LLC is an electronic market maker of Ameri- telligence across asset classes and markets around can Depository Receipts (ADRs), Foreign Ordinary the world. Our clients include the producers, pro- Shares and Fixed Income securities. We commit cessors and end users of virtually every major capital in order to provide greater liquidity for our traded commodity; commercial counter parties; customer’s orders. Utilizing our proprietary tech- and governmental, nongovernmental and charitable nology solutions we improve market liquidity, in- organizations. We also serve institutional investors, crease execution speed and foster greater transpar- brokers, professional traders, CTA/CPOs, propri- ency. Our focus is servicing our customer’s needs in etary trading groups, commercial banks and major the more challenging sectors of the global markets, investment banks. A Fortune 500 financial services where we can provide specialized services and cus- organization headquartered in , we tomized trading solutions. serve more than 20,000 customer accounts in 130 To learn more, visit www.mcapmarkets.com countries across five continents. MIAX MIAX Options, MIAX PEARL and MIAX Emerald Bronze Sponsors continues on page 36 - 36 - In a world of rapid market structure change, find opportunities.

Aplomb Strategies offers holistic governance programs to address complex global regulatory requirements including:

• Algorithmic Governance • Cybersecurity

• Annual CEO Certifications • Market Manipulation Surveillance Reviews • Anti Money Laundering/ Know Your Customer • Regulation System Compliance & Integrity

• Best Execution • Regulatory Reporting

WHAT WE DO

The Aplomb team develops and CYBERSECURITY implements new organizational processes and implement cost optimization to drive opportunities for DATA OFFICER growth.

We mitigate work flow inefficiencies, GOVERNANCE advise senior management, recommend technology solutions, develop project plans, implement REGTECH regulatory strategies and conduct end-to-end reviews of procedures to support compliance across asset classes.

CONTACT Joanna Fields, Principal & CEO [email protected] +1-646-226-5926

aplombstrategies.com @aplombstrat

© 2019 Aplomb Strategies. All Rights Reserved.

Aplomb_STANY_Final_2019.indd 1 4/23/19 1:19 PM Security Traders Association of New York Company Profiles

BRONZE continued from page 36 are fully electronic options trading exchanges that news, events and regulatory developments in Block- comprise the MIAX Exchange Group, are wholly- chain technology: www.blockchainlawcenter.com. owned subsidiaries of Miami International Holdings, Murphy & McGonigle has been named a National Inc. (MIH). The MIAX Exchange Group trading plat- Tier One law firm in Securities Litigation and Secu- forms were developed in-house and designed from rities Regulation by a leading industry survey. The the ground up for the unique functional and per- Firm operates in New York, Washington, D.C. and formance demands of derivatives trading. In 2019, Richmond, VA. MIAX Options launched options on the SPIKES™ Volatility Index which is a measure of the expected Oppenheimer & Co. Inc. 30-day volatility in the SPDR® S&P 500® ETF (SPY). Oppenheimer & Co. Inc. (Oppenheimer/the Firm) The MIAX Exchange Group’s executive offices and is a leading, full-service wealth management and National Operations Center are located in Princ- investment banking firm. Together with its affili- eton, NJ, with a Miami Operations Center. ates, Oppenheimer provides a full range of wealth To learn more, visit www.miaxoptions.com management, securities brokerage, and investment banking services to high-net-worth individuals, fami- Murphy & McGonigle lies, corporate executives, local governments, busi- Murphy & McGonigle serves the regulatory, en- nesses, and institutions. For more than 130 years, forcement defense and litigation counseling needs Oppenheimer has provided clients with the finan- of clients across the full spectrum of the financial cial expertise and innovative strategies that sets the services industry – from national and international Firm apart. Additionally, Oppenheimer believes in securities markets and exchanges to national banks, independent thinking that leads to approaches that broker-dealers, investment advisers, and hedge are uniquely tailored for the needs of clients. Op- funds. Many of the firm’s partners formerly served penheimer is proud of its long tradition of helping in senior positions at the Securities and Exchange clients achieve their financial goals. Commission (SEC), the U.S. Department of Justice, For more information, visit: FINRA, CFTC, and the New York State Department www.oppenheimer.com of Financial Services, and several served in senior executive positions in major financial institutions on Raptor Trading Systems Wall Street. Raptor Trading Systems is a leading provider of ad- The increasing use of FinTech in the financial ser- vanced trading solutions and services with over a vices sector, as well as the explosive growth of in- 15 years of experience and a proven track record vestment in cryptocurrencies and security token across a diverse set of clients: offerings, has spurred strong interest from indus- • Managed Connectivity try regulators. The Murphy & McGonigle FinTech • Smart IOI & Blockchain Practice advises broker-dealers, trad- • Electronic Trading ers, exchanges, banks, private equity and venture Raptor provides effective and efficient solutions, investors, asset managers, private funds and other empowering clients with increased transparency, market participants on complex regulatory and le- flexibility and control. For more information please gal matters related to the use of technology. The contact us: [email protected]. firm hosts a website devoted exclusively to updates, Bronze Sponsors continues on page 38 - 38 - Generating ideas that generate opportunities

Every trade idea has a level of potential. But in today’s fast-paced, interconnected markets, you need expert analysis and insight to help realize that potential and execute effectively. Barclays knows how to turn ideas into opportunities. Learn more at barclays.com/equities.

Follow us: @BarclaysIB Barclays Investment Bank

Barclays offers investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is authorized in the United Kingdom by the UK Prudential Regulation Authority and regulated by the UK Financial Conduct Authority and the UK Prudential Regulation Authority and is registered in England No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP, United Kingdom. Barclays undertakes its US securities and investment banking business in the name of its wholly-owned subsidiary Barclays Capital Inc., an SIPC and FINRA member. ©2019 Barclays. All rights reserved. Barclays is a registered trademark of Barclays PLC, used under license. Security Traders Association of New York Company Profiles

BRONZE continued from page 38 Siebert Cisneros Shank & Co., L.L.C. Susquehanna International Group, LLP (SIG) A leading national woman- and minority-owned SIG is a global quantitative trading firm founded with firm, Siebert Cisneros Shank & Co., L.L.C., is a full- an entrepreneurial mindset and a rigorous analytical service investment banking and financial services approach to decision making. company founded in 1996. We provide municipal We commit our own capital to trade financial and corporate investment banking, fixed-income products around the world. Building virtually all of and equity sales and trading, corporate share re- our own trading technology from scratch, we are purchase, mergers and acquisitions, and advisory leaders and innovators in high performance, low services. latency trading. Our traders, quants, developers, We work with a broad range of clients nationally, and systems engineers work side by side to develop including corporations, governments, and institu- and implement our trading strategies. Each individ- tions, providing comprehensive financial advisory, ual brings their unique expertise every day to help capital raising and risk management guidance with us make optimal decisions in the global financial the mission to provide the highest level of value- markets. For more information, visit https://sig.com/ added services to our clients. The firm has 19 offices across the nation with head- Trillium quarters in New York City and Oakland and is a Trillium is a diversified financial services firm op- member of FINRA and SIPC. erating both Trillium Trading, a proprietary intraday To learn more, visit: equities trading group, and Trillium Labs, a trading https://siebertcisnerosshank.com technology development group and the creator of Surveyor, a post trade analytics and market surveil- SS&C Eze lance tool designed to detect and eliminate mar- SS&C Eze is a global leading provider of investment ket manipulation. Trillium is headquartered in New management software solutions designed to opti- York City, with trading floors in Chicago, Miami and mize operational and investment alpha throughout Princeton. the entire investment process. SS&C Eze provides To learn more, visit www.trlm.com the platform for growth for the entire investment management community, maximizing efficiencies Two Sigma Securities, LLC across order management, trade execution & an- Two Sigma Securities, LLC is a broker-dealer reg- alytics, portfolio analytics & modeling, compliance istered with the SEC, a member of the major U.S. & regulatory reporting, commission management, equity exchanges and a registered market maker in and portfolio & investor accounting. For more than over 8,000 U.S. exchange listed equities and options. 20 years Boston-based SS&C Eze has been driv- Backed by a high performance, proprietary platform, ing innovation in financial technology. Today, SS&C the firm facilitates the execution of more than 300 Eze partners with more than 2,500 buy- and sell- million shares per day. Two Sigma Securities, LLC side institutions in 45 countries from 14 offices is the market-making affiliate of Two Sigma Invest- worldwide. ments, LP and is a member of FINRA and SIPC. For more information, visit www.ezesoft.com. For more information, please visit: twosigmasecurities.com.

Bronze Sponsors continues on page 40 - 40 - Proud to Support STANY’s Women in Finance

RBC Capital Markets has a proud history of commitment to organizations that improve the quality of life in the communities in which we live and work. We are pleased to sponsor the STANY’s Women in Finance event and salute its mission of enhancing the role of women in fi nance and advancing women’s careers in the fi nancial services sector.

rbccm.com

RBC Capital Markets is a registered trademark of Royal Bank of Canada. RBC Capital Markets is the global brand name for the capital markets business of Royal Bank of Canada and its affi liates, including RBC Capital Markets, LLC (member FINRA, NYSE and SIPC) and RBC Dominion Securities Inc. (member IIROC and CIPF). ® Registered trademark of Royal Bank of Canada. Used under license. © Copyright 2019. All rights reserved. - 41 - Security Traders Association of New York Company Profiles BRONZE continued from page 40 UBS’s Investment Bank Williams & Jensen PLLC UBS’s Investment Bank provides corporate, institu- Williams & Jensen is one of the few leading tional and wealth management clients with expert independent law firms in Washington with a advice, innovative solutions, execution and com- practice focused primarily on lobbying. On a prehensive access to international capital markets. daily basis, we help companies and organizations in It offers advisory services and provides in-depth the U.S. and around the world influence legislation cross-asset research, along with access to equi- and public policy process in Washington. The firm’s ties, foreign exchange, precious metals and selected record of winning in Washington has attracted a rates and credit markets, through its business units, clientele of leading companies, trade associations, Corporate Client Solutions and Investor Client and institutions, many relying on the firm’s services Services. The Investment Bank is an active for more than three decades. participant in capital markets flow activities, including sales, trading and market-making across a range of securities. For more information, visit www..com

FRIEND SPONSORS GTS Securities LLC Tritum GTS is a global electronic market maker, combining Tritum is building the fully regulated, institutional market expertise with proprietary technology. bridge between digital assets and capital markets. The firm accounts for 3-6% of daily cash equities Focused on liquidity enablement solutions including volume in the U.S. and trades over 10,000 different a MiFID MTF in Europe, Tritum is led by a team of instruments globally. GTS is the largest Designated ex-Nasdaq, regulator, and HFT veterans delivering Market Maker (DMM) at the New York Stock products to serve the complete lifecycle of capital Exchange, responsible for nearly $13 trillion of formation, liquidity enablement, capital deployment market capitalization. and information tools bridging the regulated capital For more information, visit www.gtsx.com markets and burgeoning digital asset worlds. For more information, visit www.tritum.digital

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Security Traders Association of New York 6th Annual Honors Presented on April 4th, 2019 STANY’s 6th Annual Honors were presented to the persons, who in the opinion of the STANY Honors Committee and Board of Directors, have demonstrated exceptional service to the industry and whose contributions have advanced the values and principles upon which STANY was founded.

Outstanding Contribution to the Industry Chris Concannon

Chris Concannon has been divisions. Prior to his role at the President and Chief Op- the Cboe, Chris was the Chief erating Officer of Market- Executive Officer of Bats Axess since January 2019. Global Markets, where he In this role, Chis oversees led the company’s initial day-to-day operations, cor- public offering in 2016, as porate development, long- well as its acquisition by the term technology strategy Cboe in February 2017. and global data strategy for Chris has more than 20 MarketAxess globally. years of experience as an Prior to joining MarketAx- executive at Nasdaq, Virtu ess, Chris was most recently Financial, Instinet and as the President and Chief Operating Officer of Cboe an attorney at Morgan Lewis and Bockius and the Global Markets Inc, where he was responsible for Securities and Exchange Commission. Cboe’s transaction businesses, including Global Deriv- He holds a B.A. from Catholic atives, U.S. and European Equities, and Global Foreign University, an M.B.A. from St. John’s Exchange – as well as overseeing the compa- University and a J.D. from Catholic ny’s Technology, Operations, Risk, and Marketing University’s Columbus School of Law..

- 44 - - 45 - Security Traders Association of New York 6th Annual Honors Presented on April 4th, 2019 Lifetime Achievement and Dedication to STANY Frank Masi Frank Masi began his career sell side activity. After going thru at Burnham and Co. in 1967 as the tragedy of 9/11 Frank was an inside runner and tube boy. put in charge of building a listed He worked his way up thru the trading presence by becoming the Order room, OTC agency desk President of Harborview Securities and finally the Canadian LLC, which was established after dept. where he was first introduced Instinet’s purchase of Lynch, Jones to international trading. By 1974 and Ryan. he had moved to Oppenheimer Frank left Instinet in 2003 and and Co. to start a Canadian trading began consulting to various trading department to go along with a firms both domestically and globally. fledgling international department He joined Lendex/Locatestock an already in place. It was there that innovative securities lending firm he got his first taste of a truly in 2008 as the head of Business international operation. Development. Using his extensive industry contacts, In 1979, Frank was recruited by Goldman Sachs to Frank was able to introduce many opportunities to the start a Canadian trading presence. At the time, the entire firm to enhance their presence in the stock loan arena. GS international team consisted of 2 traders in New In 2012 Frank decided to leave the industry and spend York and 1 in London. By the time Frank left Goldman more time with family and play what he describes as in 1987, the firm had become the premier International “lousy golf.” Trading firm on the street with numerous professionals Over more than 40 years in the securities business, in N.Y., London and Tokyo. Frank served on numerous boards and committees. He Following Goldman, Frank become a managing has spoken on many panels as a Global Trading and director at First Boston and headed their international market structure expert. Frank served as President trading operations globally. In 1990 he was promoted to of STANY in 1994 and as a Governor of STA. He is head the NASDAQ trading and later went on to build responsible for instituting the International Reception their Canadian sales and trading desk in Toronto. which will celebrate its 29th year in the fall. Frank Frank moved to in 1991 and became was a member of the NYSE and FINRA arbitration a managing director and head of International trading committees and served on the NASD Market in the US. To enhance Lehman’s footprint globally, he Surveillance, Trading, Qualifications and District was responsible for adding an emerging markets sales Business Conduct Committees. and trading team. Frank has been active in numerous charity and In 1996 Frank joined Instinet to head their international philanthropic organizations including The Wall St trading effort in the US. He was a member of the Charity Fund, Wings over Wall St., Muscular Dystrophy Global Management Committee and helped steer Association, St. Jude Children’s Hospital, and Ronald Instinet into the global arena as a major force not only McDonald House to name a few. in OTC securities, but Listed, ADR and ordinary share He has been married to his wife Cookie for the past products. In 2000 Frank was asked to co-head all global 47 years and has 2 wonderful children Chris and Jess equity trading with responsibility for both buy and and 4 adorable grandchildren. - 46 - Client-Centric. Innovative. Transformative.

At BNY Mellon’s Pershing we are passionate about the success of our clients. When you succeed, we succeed. As you look to drive growth, manage costs, stay ahead of regulations and attract the best people, Pershing stands ready as your advocate in today’s evolving marketplace. Power your business with our fl exible technology and innovative fi nancial business solutions. Take advantage of our industry expertise and dedication to maximize opportunities to transform your fi rm—and help you provide a secure fi nancial future for your investors. We are Pershing. Personally Invested® pershing.com

©2019 Pershing LLC. Pershing LLC, member FINRA, NYSE, SIPC, is a subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). For professional use only. Not intended for use by the general public. Pershing does not provide investment advice. Trademark(s) belong to their respective owners.

- 47 - 83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

Photo Credit: NYSE - 50 - CODA aims to increase investment returns for participants by taking time out of the trading process. We pioneered the development of on-demand auction markets that eliminate the costs associated with shaving sub-seconds or preventing information leakage in order placement. Our markets facilitate hundreds of thousands of competitive stock auctions every day, anchored by billions of shares of unique on-demand aggregated liquidity.

codamarkets.com

CODA Markets®, Inc. Member FINRA, SIPC and wholly owned by PDQ Enterprises, LLC. 83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

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THE CSE IS CANADA’S MOST DYNAMIC SECURITIES MARKETPLACE.

New and exciting companies in blockchain, cannabis, technology and mineral exploration are joining the Exchange for Entrepreneurs.

With over 500 listed securities, see what’s trading and learn more about the CSE by visiting us at thecse.com.

For further information, please email [email protected] or call (416) 572-2000.

www.thecse.com Canadian Securities Exchange

@CSE_News @canadiansecuritiesexchange

@CanadianSecuritiesExchange CSE TV 83rd Annual Conference and Dinner

Photo Credit: NYSE - 56 - ONE SOLUTION for a Complex Industry

ONE SYSTEM OEMS • Valuation & Risk • GL Accounting • Reconciliations • Reporting

ONE VENDOR Front-to-Back Office Software • Outsourced Services • Data Warehouse

ONE SOLUTION

[email protected] • enfusionsystems.com Chicago • New York • London • Dublin • Hong Kong • Mumbai • São Paulo 83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

Photo Credit: NYSE - 60 - FlexAlgoWheel Multi-Asset, Intuitive Interface for the Systematic Selection of Algorithms to Optimize Best Execution

■ Access to all brokers and algorithms ■ Real-time and historical TCA ■ Handles Equities, Derivatives and FX ■ Internally generated or external signals, such as volume, momentum or alpha predictions ■ Portfolio manager instructions and benchmarks ■ Real-time cash management ■ A wide range of order characteristics ■ Relative contribution of order to portfolio risk ■ Real-time market conditions and ■ A feedback mechanism via TCA to optimize volatility the broker and algorithm selection process

www.flextrade.com 83rd Annual Conference and Dinner

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State of the Art Superior Trade Execution Technology Execution Quality Analysis (TCA)

Focus on efficient Broker neutral / **TCA provided by sourcing of liquidity conflict free Markit 7 years measurable superior Unique routing & dark Proven mid & small performance strategies cap expertise Rigorous venue Adaptive algorithmic Experienced trade analysis continuous design support & technical measurement & support testing of all sources Customization & of liquidity strategy development On-demand auction capabilities CSA/RPA capabilities

About Global Liquidity Partners is a technology company focused on Global Liquidity Partners delivering superior equity execution strategies. Our success in providing solutions to the existing fragmented marketplace is driven by many of the key components listed above.

** Anonymously compared to the top 15 algorithmic executing firms participating in Markit's universe of TCA analysis.

12 Broad Street Red Bank NJ 07701 | 732.204.8999 | [email protected] 83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

Photo Credit: NYSE - 72 - Global Liquidity At Your Fingertips

With expertise, technology, and capital commitment, our execution services provide access to global markets to you with minimal market impact and better execution.

#1 Ranking Market Maker in OTC ADRs & Foreign Securities* #1 Ranking Market Maker in Approximately 2,600 Securities* Block Liquidity and Algorithmic Global Execution

www.intlfcstone.com * Source: FINRA ORF, Bloomberg RANK [email protected] - 73 - 83rd Annual Conference and Dinner

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Evolve trading for the augmented age.

Itiviti enables financial institutions worldwide to transform their trading and capture tomorrow. With presence in all major financial centers and serving around 2,000 clients in over 50 countries, Itiviti, including NYFIX, one of the industry’s largest FIX-based trading communities, delivers on a global scale.

Visit www.itiviti.com for more details about our complete buy-side and sell-side offering. [email protected] 83rd Annual Conference and Dinner

Photo Credit: NYSE - 76 - Global Market Access

Making Markets in over 10,000 Global Securities 22 Currencies & 40 Countries

MCAP LLC is an electronic market maker of American Depository Receipts (ADRs), Foreign Ordinary Shares, US Treasuries, Agency and Agency MBS securities. We commit capital to help provide greater liquidity for our customer’s orders. Utilizing our proprietary technology solutions we improve market liquidity, increase execution speed and foster greater transparency. Our focus is servicing our customers needs in some of the more challenging sectors of the global securities markets, where we can provide customized trading solutions and specialized services.

EXPLORE MORE ABOUT MCAP AT MCAPMARKETS.COM MCAP LLC is a member of FINRA/SIPC 83rd Annual Conference and Dinner

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83rd Annual Conference and Dinner

Photo Credit: NYSE - 80 - Because we’ve been there, we offer a different perspective.

New York | Washington, DC | Virginia www.mmlawus.com

83rd Annual Conference and Dinner

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Leading woman-owned firm, Siebert Cisneros Shank & Co., L.L.C., is a full-service investment banking and financial services company, founded in 1996. We provide municipal and corporate investment banking, fixed- income sales and trading, corporate share repurchase and equity execution. 100 Wall Street, SCS underwrites and distributes a broad array of debt 18th Floor securities for corporations, government-linked agencies New York, NY 10005 and sovereigns, covering corporate clients across (646) 775-4850 many industry sectors including financials, industrials, consumer retail, energy, utilities, healthcare, and www.scscapital.com technology, media & telecom (TMT).

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Our liquidity is not just deep, broad and diverse. It’s unique too. And it’s everywhere.

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For more than 40 years, Williams & Jensen has been advancing our clients' positions in Washington. Our proven record for success secures our position as one of the nation's leading government affairs law firms.

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GTS is a global leader in providing liquidity to investors across financial instruments and throughout the world. Our technology and experience helps asset managers, broker dealers, banks, hedge funds, public companies and pension funds mitigate risk and decrease their transactions costs

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Photo Credit: STANY - 105 - Security Traders Association of New York Attendees Name Firm Name Abbasi, Yousef INTL FCStone Financial, Inc. Acharjee, Swagato RBC Capital Markets Adesso, Philip Tritum Inc. Aggarwal, Abhilasha Seton Hall Business School Alter, Daniel Murphy & McGonigle Ambrogi, Matt DataArt Amoruso, Len Murphy & McGonigle Angevine, Chris Canaccord Genuity Aprigliano, Paul Arundel, Matthew UBS Arvola, Katelyn AIG Aureggi, Viola NYSE Avedissian, Mickael Nasdaq Baetz, Olivier Novasparks Balmir, Janeene JP Morgan Chase Barreiro, John Cboe Global Markets Barrios, Sheila M Seton Hall Business School Bauer, Scott CLSA Baumann, Brian ICE Bbarot, Bhaskarray Trading Screen Beath, Lisa CUNY Beaton, Joshua Morgan Stanley Beaver, Michael Corvil Bent, Thomas Prime Executions Bercovici, Michael Amerx America Executions Bermiss, Maura Dow Jones Bernard, Geoff OppenheimerFunds Bertrand, Stephanie Jitneytrade Bhotika, Roli MIAX Bialonczyk, Adrian Algo Depth Biddle, Alison Silverback Capital Bilello, Jack Newsedge Bilina Falafala, Roseline Goldman Sachs Billings, Matt TD Ameritrade Blaugrund, Michael NYSE Bleuel, Chris Imperative Execution Boeddinghaus, Charlie Citadel Securities Bogard, Valerie Rosenblatt Securities Bohrer, James Refinitiv Bok, Chris Financial Information Forum (FIF) Bombardiere, Stephen Bond, Andrew RBC Capital Markets

Continues on page 107 - 106 - Security Traders Association of New York Attendees Name Firm Name Bonora, Vanessa Clearpool Group Bragg, Ted Nasdaq Brennan, Morgan CNBC Broverman, Alex Enfusion LLC Brown, Ivan NYSE Brown, Maricor Charles Schwab Investment Management Inc. Buckley, Sean R.W. Bulthuis, Brian Instinet Bulzomi, Maria ICE Burke, Bill Global Liquidity Partners Burns, Robert BIDS Trading Burstein, Ari Capital Markets Strategies Cacciola, Keith Vela Calev, Ben BestXStats Cannizzaro, Lynn BNY Mellon Pershing Cannizzo, David Raymond James Carroll, Lisa Nasdaq Casalini, Rich Refinitiv Cashin, Brian Instinet Casuccio, Keith Goldman Sachs Chamley, Erika Virtu Financial Champion, Tom NYSE Chan, Ken Acumen Capital Group LLC Chang, Sunny Nasdaq Chastaine, Katie Trillium Chez, Tami Chick, Brandon ICE Chien, Fang H. Acumen Capital Group LLC Chirilescu, Simina Clearpool Group Chorazak, Mark Cadwalader, Wickersham & Taft LLP Christian, Bryan Cboe Global Markets Christie, Sean Broadridge Financial Solutions Christinat, Joe Nasdaq Cichlar, Philip Jane Street Claussen, Steve E*TRADE Cocuzza, Peter Global Liquidity Partners Cody, Bill Cboe Global Markets Cody, Diwa Goldman Sachs Cohen, Steven Velocity Ledger Collins, Shawn Bellpoint Capital Colon, Anthony BNY Mellon Pershing Concannon, Chris MarketAxess

Continues on page 108 - 107 - Security Traders Association of New York Attendees Name Firm Name Constantine, Andrea Goldman Sachs Cooleen, Michael FIS Brokerage & Securities Cooper, Jeffrey Itiviti NYFIX Cooper, Katherine Murphy & McGonigle Cornish, Rob Gemini Capital Corrao, Michael OTC Markets Group Corwin, Chris Spartan Capital Coulson, R. Cromwell OTC Markets Group Criqui, Arinne Cboe Global Markets Cross, David Dash Financial Technologies Cunningham, Stacey NYSE Group Curley, Dan Dash Financial Technologies Curran, Mark Murphy & McGonigle Daiuto, Ralph tZero D’Angelo, Angela The Benchmark Company Danzi, Mike BestXStats Davi, Silvia Forefront Communications Davies, Mark S3 Davis, Tessa Bank of America Merrill Lynch Davis Mineroff, Jennifer Dear, Corby Bloomberg LP Deems, Josh Fidelity Digital Assets Delaney, Laura Virtu Financial DeMaio, Gene FINRA DeMaso, Chris Deutsche Borse Group DeNardo, Michael BCS Global Markets DeNichols, Kaitlyn Refinitiv Dibble, Mary Curatia DiMaria, Roy AXOS Clearing Dix, Adam Kx Dobay, Holli JP Morgan Dobrowsky, Deanna TMX Group Dolan, Charles Global Markets Advisory Group Domingo, Sarah E Seton Hall Business School Domino, Mark Durst Organization Doran, Brendan Hyannis Port Research Dorovitsine, Katherine Baruch/Goldman Sachs Dote, Pat Imperative Execution Dowd, Mark Forefront Communications Draizen, Troy Cowen & Company Droessler, Joe Susquehanna International Group D’Souza, Mark Clearpool Group

Continues on page 109 - 108 - Security Traders Association of New York Attendees Name Firm Name Duffy, Jim Mediant Communications Dugan, Meaghan Bank of America Merrill Lynch Durst, Helen Durst Organization Eck, Bernie Bank of America Merrill Lynch Egan, Christine Maritime Capital Eleby, Shelley Clearpool Group Elson, Jeffery Alan Acumen Capital Group LLC Emmanuel, Phyllis FlexTrade Endo, Geralyn Cboe Global Markets Engler, Curt JP Morgan Asset Management Epstein, Jason Goldman Sachs Escott, Emily CME Group Facchine, Thomas Feeney, Sean Nasdaq Feng, Julie Virtu Financial Fernandez Velez, Gabriela N Seton Hall Business School Ferstand, Walter BestXStats Fields, Joanna Aplomb Strategies Finer, Michael SS&C Eze Finster, Victor Liquidnet Firmin, David Instinet Flynn, Kerry Security Traders Association Flynne, Ashley BMO Capital Markets Foley, Brian IEX Forster, Sara IEX Fortino, Jennifer Cboe Global Markets Franasiak, Dave Williams & Jensen Gallo, Rick INTL FCStone Financial, Inc. Gandolfo, Andrew BNY Mellon Pershing Geiger, Eric Geldman, Megan Itiviti NYFIX Gerimimos, Chris Bank of America Merrill Lynch Ginis, Roman Imperative Execution Gioia, Annmarie OTC Markets Group Giordano, Peter Oppenheimer & Co. Glasser, Jake Goldman Sachs Goldenberg, Rick Liquiditybook.com Goncalves, Antonio Devexperts Goncuoglu, Afra S Seton Hall Business School Goncuoglu, Berire Seton Hall Business School Gonzalez, Ed Dash Financial Technologies Gott, Allison Citadel Securities

Continues on page 110 - 109 - Security Traders Association of New York Attendees Name Firm Name Govoni, Mark Instinet Grace, Peter Nasdaq Graf, John Nasdaq Gregory, Jim ETF Global Grenier, Jodie Foundation for Women Warriors Gruen, Abby Kx Guerin, Richard Global Liquidity Partners Gullotta, Michael Canadian Securities Exchange Gush, Karly I Seton Hall Business School Haas, Vivian L Seton Hall Business School Habtezghi, Eloner Siebert, Cisneros, Shank Haleem, Ahlam NYSE Halley, Raymond Bancroft Capital Hamburger, Beth Hamilton, Laura OTC Markets Group Hardy, Annie Siebert, Cisneros, Shank Harkins, Bryan Cboe Global Markets Harkins, Kristie OTC Markets Group Hawley, Laura United States Marine Corps Hayes, Megan Bank of America Merrill Lynch Hayes, Thomas INTL FCStone Financial, Inc. Helm, Edwin Alexander Acumen Capital Group LLC Herr, Richard Sandler O’Neill & Partners Herrick, Jon NYSE Hessler, George Magma Trading Hickman, Barry BNY Mellon Pershing Highman, Mark Cadwalader, Wickersham & Taft LLP Hochman, Eric Canaccord Genuity Hock, Michael INTL FCStone Financial, Inc. Hock, Steve OTC Markets Group Hodge, Janna NYSE Holumzer, Matthew SS&C Eze Hooey, Ron BNY Mellon Capital Markets Hubbs, Jennifer Dash Financial Technologies Hunt, Amber WCAA Hurley, Jim J5C Group LLC Hyde, James NYSE Iabinovich, Ilya Lynx Capital Partners Iacobelli, Leucio INTL FCStone Financial, Inc. Ilyevsky, Boris IEX Ingrassia, Lisa Merrill Lynch Jagenburg, Vanessa C.L. King & Associates

Continues on page 111 - 110 - Security Traders Association of New York Attendees Name Firm Name Jenkins, Pete CODA Markets Jiganti, Paul IMC Financial Johnsen, David Barclays Jones, Branden Nasdaq Jordan, Tom Jordan & Jordan Juneman, Mike Two Sigma Securities Kane, Courtenay SS&C Eze Karadenizli, Harun Raptor Trading Karle, Theresa ABC Karsh, Bill OTC Markets Group Kearns, Eugene Dash Financial Technologies Keenan, Karen Keihner, Nick Abel Noser Kelly, Erin Iona College Kennedy, Brian Dash Financial Technologies Kentouris, Chris FinOps Report Kenyon, Paul NYSE Kerfstedt, Jennie Tapuz Staffing Kessing, Bailey Trillium Kessous, Dan Nasdaq Canada Ketia, Rajiv FlexTrade Khalif, Josh Flow Traders Khandros, Vlad UBS Kiel, Rich Kx Kiernan, Jack Kx Kim, Sewon Siebert, Cisneros, Shank Kim, Sunny Raptor Trading King, John Dash Financial Technologies King, Michael CIBC King, Elizabeth NYSE Koenig, Shannon Barclays Koetzner, Patricia Siebert, Cisneros, Shank Koetzner, Thomas RedBlack Kovalsky, Stacey Kowalski, Christina The Swarthmore Group, Inc. Koztrinsky, Alan Krezalek, Bart OTC Markets Group Krieger, Fred Murphy & McGonigle Kwiatkowski, Ryan INTL FCStone Financial, Inc. Kyzyk, Andy OTC Markets Group Lachenauer, Steve Spartan Capital LaGreca, Chris OTC Markets Group

Continues on page 112 - 111 - Security Traders Association of New York Attendees Name Firm Name Landon, Daniel Siebert, Cisneros, Shank Lang, Tim Global Liquidity Partners Langon, Michael BNY Mellon Capital Markets Larrain, Claudio Larrain Vial Securities US, LLC Lavin, John Canaccord Genuity LeClair, Brad Broadridge Financial Solutions Lee, Ryan NYSE Legum, Maital NYSE Lerdou, Andreas Raptor Trading Levine, Aaron FlexTrade Lim, Parker Cboe Global Markets Lindenberger, Michelle Litchen, Jason Wolverine Execution Services Little, Melissa Siebert, Cisneros, Shank Livingston, Jeremy Canaccord Genuity Lofchie, Steven Cadwalader, Wickersham & Taft LLP Loonam, Brendan FINRA Lora, Eddy Raptor Trading Ludvik, Greg RBC Capital Markets Lugay, Chuck Clearpool Group Macintosh, Philip Nasdaq Mack, Chuck Nasdaq MacLeod, Brett Abel Noser Solutions MacLeod, Michele Corvil Maddox, Clifford Novasparks Maglia, TJ Clearpool Group Maguire, Jim Vela Maldonado, Franklin NYSE Mantzouranis, Steve Canaccord Genuity Mar, Alyssa Seton Hall Business School Marin, Tania Siebert, Cisneros, Shank Martello, Christine Pragma Securities LLC Mas, JC BNY Mellon Mases, Esq., Vivian Cadwalader, Wickersham & Taft LLP Masi, Eileen Masi, Frank Masi, Jessica Masi, Chris Mason, Fredric J.P. Morgan Investment Management Matregrano, Eric Itiviti Matson, Kevin INTL FCStone Financial, Inc. Mauras, JC Fidessa

Continues on page 113 - 112 - Security Traders Association of New York Attendees Name Firm Name Mazzaferro, Katherine Virtu Financial McAllister, Kate Virtu Financial McAvey, Mary Enfusion LLC McBride, Charlie INTL FCStone Financial, Inc. McCloskey, Noreen Barclays McConville, Aisling Paulson Investment Company McDermott- Holland, Mark Canaccord Genuity McDermott- Holland, Mary Capgemini McFarland, William INTL FCStone Financial, Inc. McGough, John INTL FCStone Financial, Inc. McGuire, Manus Kx McHugh, Jennifer Siebert, Cisneros, Shank McMullen, Caitlin Barclays McNees, Stephanie Citadel Securities McVeigh, James Nasdaq Mecane, Joseph Citadel Meduri, Michael Virtu Financial Meligan, Diane Virtu Mendl, Jeff OTC Markets Group Mendoza, Matt Citadel Securities Menge, Josette OTC Markets Group Menn, David MCAP LLC Meo, Ryan Instinet Middleton, Heather Murphy & McGonigle Minnihan, Colin TABB Group Mitchell, Christian BCS Global Markets Modeski, Mike OTC Markets Group Molinari, Sarah Fidelity Digital Assets Mollin, Daniel ICE Monnery, Chris Fidessa Mooney, Mary Virtu Financial Morris, Bruce TABB Group Morris, Jason Enfusion OMS Mulieri, Peter Dash Financial Technologies Murphy, Brendan Dash Financial Technologies Murphy, Kathleen NYSE Murphy, Kevin Hamilton Executions LLC Murray, Thomas Bloomberg LP Nagle, Matt ICE Nagy, Chris Healthy Markets Nakamura, Yoshi Galaxy Digital Trading Nayar, Jennifer Vela

Continues on page 114 - 113 - Security Traders Association of New York Attendees Name Firm Name Neglia, Michael Keybanc Capital Markets Nersten, Tim Liquidnet Nolan, Ryan Barclays O’Connell, Danette Triumph International O’Kane, Rory Two Sigma Securities O’Leary, Lauren Chiron Finanical Oltmanns, Joe OTC Markets Group Omori, Yoko Mizuho Securities USA Inc. Oppenheimer, Andrew Nasdaq Ordonez, Bea OTC Markets Group O’Rourke, Patrick Cowen & Company Osborn, Kevin Oswald, Joel Williams & Jensen Oustecky, Emily INTL FCStone Financial, Inc. Padala, Tim Paltrowitz, Jason OTC Markets Group Palumbo, Nick Clearpool Group Panos, Tony ICE Papes, Courtney Virtu Pardo, Tara Lord Abbett & Co. LLC Park, Ellen Parker, Eric ICE Parthemer, Tyler Foundation for Women Warriors Patturelli, Jamie NYSE Peer, Andy Magma Peirce, Hester US Securities & Exchange Commission Pento, Chris Clear Street Pepin Lepri, Jessica Macquarie Capital (USA) Petruso, Antonio ICE Pfeiffer, Curtis Pragma Securities LLC Pieczara, Pawel Depository Trust & Clearing Corporation Pina, Dominique J Seton Hall Business School Pisani, Bob CNBC Ploscowe, Jamie LPL Financial Ploscowe, Jon INTL FCStone Financial, Inc. Plummer, Thomas Jump Trading LLC Polifroni, Tom BIDS Trading Poser, Steve NYSE Post, Michael BestXStats Powell, Don Spartan Capital Power, Bob OTC Markets Group Pratko, Kelly Virtu Financial

- 114 - Security Traders Association of New York Attendees Name Firm Name Quigley, Sean NYSE Racette-Aguayo, Nannette Eagle Capital Management Ramos, Alex UBS Ramsay, John IEX Rausch, Anita WisdomTree Redding, Martha NYSE Reilly, Timothy Remolina, Shane FlexTrade Richard, Scott Nasdaq Rivera, Randy FINRA Roa, Grace D Seton Hall Business School Roque, Andres Tapuz Staffing Rosenstein, Fred QuoteMedia Ross, Jennica WallachBeth Capital Ross, Ray Clearpool Group Rossi, Johanna Alden Global Capital LLC Rowe, Aaron Bank of America Merrill Lynch Rubino, Joe ICE Saacke, Carolyn NYSE Sabbah, Anthony Clearpool Group Sabo, Deborah Jackson Square Partners Sachdeva, Ishani Seton Hall Business School Sachs, Steve Goldman Sachs Sadowski, Alex Imperative Execution Salman, Rob BitGo, Inc. Sampson, Kevin TMX Group Sanan, Abhay Pragma Securities LLC Sanford, Cass OTC Markets Group Saperstein, Clare NYSE Scales, Kathy Dow Jones Scaplen, Michael AXOS Clearing Schack, Justin Rosenblatt Securities Schaeffer, Brian Clearpool Group Scher, Joe Goldman Sachs Schneider, Jon TMX Schrader, Jessica Clearpool Group Schroeder, Scott Eventus Systems Inc. Schwab, Travis Schwanewede, Bill NYSE Schwarz, Chloe RBC Capital Markets Schwarz, Peter Integral Derivatives Scott, Tea A Seton Hall Business School

- 115 - Security Traders Association of New York Attendees Name Firm Name Sellitto, Joseph Susquehanna International Group Serpa, Ciara Iona College Shank, Suzanne Siebert, Cisneros, Shank Shapiro, Norm Sheehan, Tom TABB Group Sherry, Michael IEX Shoreman, Jeffrey SS&C Eze Silverman, Rob Two Sigma Securities Silverstein-Verhoog, Maria Simurra, Vin OTC Markets Group Sjostedt, Gary TD Ameritrade Sloves, Shawn Smollen, John MIAX Smyth, James MCAP LLC Soraya Kraiem, Nefissa INTL FCStone Financial, Inc. Stearns, James CODA Markets Steenbock, Chris Kx Steiner, Rich RBC Capital Markets Stogsdill, Samantha Clearpool Group Strack, Daniel Sullivan, Kat Galaxy Digital Trading Sullivan, Peggy Vela Sullivan, Robert Broadridge Financial Solutions Suth, Brian ISI Sylvestre, Jonathan TMX Group Szambel, Rick Szever, Scott NYSE Tabb, Larry TABB Group Tan, Stacy ICE Teng, Bee NYFIX Tessitore, David NYS Teachers’ Retirement System Thakarar, Dina Goldman Sachs Theisen, Jessica Two Sigma Investments, LP Themelis, George Cowen & Company Thomas, Erica TradeWeb Thomas, Paul Acumen Capital Group LLC Thorpe, Cameron ICE Toes, James Security Traders Association Tognino, John Tomae, Tom BNY Mellon Pershing Traut, Juliana Goldman Sachs Trezza, Mike SageTrader, LLC

- 116 - Security Traders Association of New York Attendees Name Firm Name Tull, George ICE Turan, Madina INTL FCStone Financial, Inc. Turlington-Burns, Christy Ever Mother Counts Turner, Katherine Siebert, Cisneros, Shank Twomey, Conor Kx Unger, Kimberly STANY Upward, Andrew Jane Street Utasi, Lisa ClearBridge Investments Vadino, Carolyn Gemini Capital Vance, Bill Vest, Jeremy S3 Viggiano, Frank Morgan Stanley Asset Management Vijayakumar, Saranya Goldman Sachs Wald, Joe Clearpool Group Walsh, Eva JP Morgan Asset Management Walsh, Jay Nasdaq Wang, Angie Cboe Global Markets Watkins, Rick Susquehanna International Group Watkins, Sarah Goldman Sachs Weber, Seth INTL FCStone Financial, Inc. Weingarten, Dan SageTrader, LLC Weiss, Matthew TMX: Datalinx Weitz, Matthew Oppenheimer & Co. West, Mike NYSE White, James Lord Abbett & Co. LLC Wiley, William Instinet Williams, Arthur Julius Willock, John Tritum Inc. Wilson, Mark Hardcastle Trading Wilson, Tom Hyannis Port Research Witter, Michael Acumen Capital Group LLC Witter, Sherry Acumen Capital Group LLC Wright, Victor Yalcin, Mel Raptor Trading Yi, Angel Canadian Securities Exchange Yip, Rachel Seton Hall Business School Yiu, Vivian Cboe Global Markets Zanjani, Asad Flow Traders Zenelis, Kosta Lynx Capital Partners Zinn, Daniel OTC Markets Group Zmuda, Anthony Virtu Financial

- 117 - Security Traders Association of New York 2019 Member Directory Name Firm Name Allingham, J.J. Virtu Aprigliano, Paul Aronow, David Cowen Attonito, Erica Hudson River Trading Aureggi, Viola NYSE Azmoon, Khody CRD, A State Street Company Bauer, Scott CLSA Americas Beaver, Michael Corvil Bercovici, Michael Amerx America Executions Bermiss, Maura Dow Jones Bernard, Geoff OppenheimerFunds Beth, Michael WallachBeth Capital Bilello, Jack Newsedge Birch, Larry Bogard, Valerie Rosenblatt Securities Bogen, Jamie Dash Financial Bok, Christopher FIF Bombardiere, Stephen Mirae Asset Securities Bond, Andrew RBC Capital Markets Bonora, Vanessa Clearpool Group Bou, Sean Virtu Bragg, Ted Nasdaq Buckley, Sean R.W. Baird Bunyatov, Arthur Itiviti Cannizzaro, Lynn BNY Mellon Pershing Carlson, Reed Virtu Casalini, Rich Refinitiv Cashin, Brian Instinet Celebuski, Matthew Trade Informatics Charlop, Gordon Rosenblatt Securities Inc. Chez, Tami Citigroup Cocuzza, Peter Global Liquidity Partners Cody, Bill Cboe Cohen, Steven Velocity Ledger Connelly, Tim Itiviti Cooleen, Michael FIS Global Cooper, Jeffrey NYFIX Itiviti Corrao, Michael OTC Markets Corwin, Christopher Spartan Capital Securities

Continues on page 119 STANY 2019 Members as of May 7th, 2019 - 118 - 2019 Member Directory Name Firm Name Coulson, Cromwell OTC Markets Group Inc. D`Angelo Marks, Angela The Benchmark Company Dale, Chad HSBC Securities (USA) Inc Davis, Tessa BAML Day, Antoine Itiviti - NYFIX Dear, Corby Bloomberg Open Symbology/FIGI DeMaria, Nicholas Alternative Execution Trading Group DeMaso, Chris Deutsche Borse Group DeNardo, Michael BCS Americas DeNichols, Kaitlyn Refinitiv Desantis, Jamie Virtu DiTore, Janice DTCC Dolan, Charles Global Markets Advisory Group Dolce, Terence ITG Inc Downs, Tricia Refinitiv Draizen, Troy Cowen Execution Services DSouza, Mark Clearpool Duffy, Daniel Clearpool Execution Services Duffy, Luke Enfusion Duncan, Mark Virtu Eleby, Shelley Clearpool Esayian, Gary BCS Global Markets Facchine, Thomas Fields, Joanna Aplomb Strategies Finer, Michael SS&C Eze Fischer, John New York Stock Exchange Flynne, Ashley BMO Fox, Adam Virtu Freireich, Gia Bloomberg LP Gandolfo, Andrew BNY Mellon Pershing Geller, Scott Cramer Rosenthal McGlynn Grace, Peter NASDAQ OMX Graf, John Nasdaq Gregory, James ETF Global Grill, Cary Trillium Management Gromadzki, Robert Morgan Stanley Guzman, Margaret Hamburger, Beth Hauck, Alexandra Clearpool Group Hayes, Megan Bank of America Merrill Lynch Hessler, George Magma Trading

Continues on page 120 STANY 2019 Members as of May 7th, 2019 - 119 - 2019 Member Directory Name Firm Name Hickman, Barry BNY Mellon Pershing Hock, Stephen OTC Markets Group Inc. Hooey, Jr., Rolland BNY Mellon Capital Markets Hyde, James NYSE / ICE Iacobelli, Leucio INTL FCSTONE Jacobs, Allison Jagenburg, Vanessa C.L. King & Associates Janker, Jeffrey Johnsen, David Barclays Jordan, Thomas Jordan & Jordan Kaicher, Mark Buckingham Capital Management Kane, Courtenay SS&C Eze Karsh, William OTC Markets Kaufmann, Amy EarlyBird Capital Inc. Kaus, Kristen NYSE Kay, Stephen Virtu Kearns, Eugene DASH Financial Technologies Keihner, Nick Abel Noser Kelly, Jr., Paul Virtu Kennedy, Brian Dash Financial Kenyon, Paul New York Stock Exchange An Intercontinental Exchange Company Kessing, Bailey Trillium Khalif, Josh Flow Traders Koetzner, Patricia Siebert, Cisneros, Shank & Co., LLC Konstance, Marie Bloomberg Kostrinsky, Alan Kovtun, David Jane Street Krebs, James Pzena Investment Management Krezalek, Bart OTC Markets Group Inc. Krichman, Drew Jane Street Kukan, Stephen Virtu La Greca, Christopher OTC Markets Langon, Michael BNY Mellon Capital Markets, LLC Laport, Leonardo Canaccord Genuity Larrain, Claudio Larrain Vial Securities US, LLC Lee, Ryan New York Stock Exchange Leoni, Michael Goldman Sachs Lewke, Jay Virtu Listor, Steven Bank of New York Mellon Loftus, Joseph Barclays Inc

Continues on page 121 STANY 2019 Members as of May 7th, 2019 - 120 - 2019 Member Directory Name Firm Name Ludvik, Gregory RBC Capital Markets Lugay, Chuck Clearpool Group Luongo, Pat Lynch, Steve Macquarie MacLeod, Brett Abel Noser Solutions Maddox, Clifford Novasparks Maglia, Thomas Clearpool Group Maldonado, Franklin NYSE Options March, Edward Wellington Shields & Co. Marigliano, Thomas Rutgers University Martello, Christine Pragma Securities LLC Martin, Thomas Dash Regulatory Technologies Mason, Frederic JP Morgan Asset Management Masters, William Dash Financial Technologies McAllister, Kathryn ITG McAvey, Mary Enfusion McColgan, Ryan GS Energy Partners McConville, Aisling Paulson Investment Company McLoughlin, Michael Cowen Prime Services McNees, Stephanie Citadel Mecane, Joseph Citadel Meduri, Michael Virtu Mendl, Jeffrey OTC Markets Group Mitchell, Christian BCS Global Markets Modeski, Michael OTC Markets Group Inc. Moore, Eric Trade Informatics Moustakas, Angela Virtu Muller, Tara Virtu Murphy, Kevin Hamilton Executions LLC Nayar, Jennifer Vela Trading Technologies Neglia, Michael Keybanc Capital Markets Nersten, Tim Liquidnet Noone, Jr., Michael BNY Mellon Capital Markets, LLC OConnell, Danette Triumph International Consulting O’Connor, William Evercore ISI Oellers, Peter BNY Mellon Pershing Omori, Yoko Mizuho Securities USA, Inc. Padala, Timothy Pagliarulo, John Virtu Park, Ellen SS&C Technologies Pastina, Louis Global Markets Advisory

STANY 2019 Members as of May 7th, 2019 Continues on page 122 - 121 - 2019 Member Directory Name Firm Name Pento, Chris Clear Street Pfeiffer, Curtis Pragma Securities Pieczara, Pawel Depository Trust & Clearing Corporation Pieczara, Sofia U of NY at Buffalo Post, Michael Best Execution & Surveillance Solutions Pratko, Kelly Virtu Princiotto, Rachele Virtu Quigley, Sean NYSE Rabaglia, John ITG Racette-Aguayo, Nannette Eagle Capital Management LLC Reichard, Amy Reilly, Tim Remolina, Shane FlexTrade Systems, Inc. Ribaudo, Debra Barclays Capital Inc. Riordan, Robert Virtu Romeo, Robert Bank Of America Merrill Lynch Rosenberger, George Rosenblatt, Matthew Berenberg Capital Markets LLC Rosenstein, Frederick QuoteMedia Ross, Jennica WallachBeth Capital Rossi, Johanna Alden Global Capital LLC Roth, Peter Jefferies LLC Russell, Kimberly State Street Global Advisors Saluzzi, Joseph Themis Trading, LLC Sanan, Abhay Pragma Securities LLC Sandel, Christopher Allly Invest Scaplen, Michael COR Clearing LLC Scary, Kim Exegy Schlarbaum, Mark Kraneshares Schrader, Jessica Clearpool Schroeder, Scott Eventus Systems Schultz, Nick Clearpool Group Schvarzman, Mikael Refinitiv Schwab, Travis Eventus Systems, Inc. Schwarz, Chloe RBC Capital Markets Seidenstein, Daniel Citi Seidita, Stephen The Williams Capital Group, L.P. Sellitto, Joseph Susquehanna International Group Semaoune, Nagui Itiviti Sheahan, Peter Virtu Sherry, Mike IEX Group

Continues on page 123 STANY 2019 Members as of May 7th, 2019 - 122 - 2019 Member Directory Name Firm Name Silverman, Robert Two Sigma Singh, Herman New York Stock Exchange Singh, Tito Thomson Reuters Smith, Andrew Virtu Stamler, Daniel Bank of America Merrill Lynch Stanley, Jeff Allen & Company Steiner, Richard RBC Capital Markets Stush, William Flow Traders Suleymanov, Mikhail JUST2TRADE INC Szambel, Rick Taback, Matthew Cantor Fitzgerald Tama, Joseph Vandham Securities Corp. Terranova, Michael BTIG LLC Theisen, Jessie Two Sigma Investments Toes, James Security Traders Association Toomey, Patrick Virtu Toscano, Kevin Jane Street Capital Trezza, Michael SageTrader Trofimov, Aleksey Enfusion LLC Tull, George Intercontinental Exchange (ICE) Turan, Madina INTL FCStone Upward, Andrew Jane Street Utasi, Lisa ClearBridge Investments Vance, William Vavilis, Eleni Thomson Reuters Verderese, Robert Virtu Financial Viggiano, Frank Morgan Stanley Walker, Tonya Virtu Watkins, Rick Susquehanna Weingarten, Daniel Sage Trader Weisberger, David CoinRoute Weiss, Matthew TMX Wilkinson, Jeannette Jefferies & Co. Wilson, Mark Hardcastle Trading USA, LLC Wilson, Peter Virtu Wilson, Thomas Hyannis Port Research Winchester, J. Slade Citi Wood, Julian Bloomberg, LP Wunsch, Steve Wunsch Auction Associates, LLC Yiu, Vivian BATS Global Markets Zanjani, Asad Flow Traders Zmuda, Anthony Virtu STANY 2019 Members as of May 7th, 2019 - 123 - Security Traders Association of New York Additional 2018 Member Directory Name Firm Name Abelack, Mary CME Group Adamjee, Maria CenturyLink Amari, Greg Doshi Consulting Solutions, Inc. Anlas, Kelly Clearpool Group Archbell, Chris Vela Arnuk, Sal Bailleux, Michael Axiom SL Bardong, Shawn DeepStream Consulting Barrus, Chris SpeedRoute Barry, Ben Instinet, LLC Billeci, Marta Bloomberg Bisio, Nicholas Northeastern Bracco, Joseph Miami International Holdings, Inc. Breault, Ronald ABN AMRO Clearing Brown, Matthew tZero Bruno, Philip Colt Technologies Buckley, James Global Markets Advisory Group Buitenhuis, Wouter Flow Traders US LLC Burch, Joshua Tower Research Capital LLC Burik, Lindsey Mizuho Burrell, Les Bank of America Merrill Lynch Cacciola, Keith Vela Trading Systems LLC Callinan, Thomas TRAFix LLC Cappillo, Christopher Caputo, Brendan Liquidnet Holdings Casella, Rick INTL FCStone Chavez, Justin Fundamental Interactions Coffey, Katie ACTIV Financial Systems, Inc Cortese, Nico State Street Global Advisors Cusumano, Jennifer Best Execution and Surveillance Solutions, LLC Davenport, Petra Davenport Lawyers PLLC Davi, Silvia Thesys Technologies DeMartini, John Buckingham Research Group Dorovitsine, Katherine Baruch College Emmett, Zachary FIS Ferstand, Walter Best Execution & Surveillance Solutions, LLC Finkenstadt, Ruth Credit Agricole Securities (USA) Fitzgerald, Walter TRAFix LLC Gallo, Peter Continues on page 125 - 124 - Additional 2018 Member Directory Name Firm Name Garrett, Tim DTCC Geronimos, Chris Bank of America Merrill Lynch Golub, Todd Thesys CAT Goodheart, John Pershing LLC Greene, Ellen Sifma Haahr, Pamela Bloomberg LP Hagstrom, Karl Credit Suisse Herger, George TRAFiX Herndon, Chris Vela Trading Technologies Heygate-Browne, James TRADING CENTRAL Hodge, Janna NYSE Hogan, Michael UBS Hughes, Steve Exegy, Inc. HYDE, Ashley TCNJ Hyde, James Monmouth U Jakuboski, Samantha Barnard College Jarnot, Danielle Jastrzebski, Veronika Seton Hall Univ. Johnson, Richard Greenwich Associates Kackle, Tom tZERO Kapogiannis, Bill Depository Trust & Clearing Corporation Kimsey, Jeffrey NASDAQ OMX King, Tom DBOT Kirincich, William LaFrance, JP Instinet, LLC Laurenzano, Vito Bank of America Merrill Lynch LaValle, David State Street Global Advisors Lindenberger, Michelle Aplomb Strategies Macchiarola, Michael R.W. Baird Mackintosh, Phil Virtu Malandrino, Jill Nasdaq Mar, Alyssa Seton Hall Maragos, Peter Dash Financial LLC Margulies, David Weeden & Co. LP Maroun, Damian Trade Informatics Matlow, Ira Puma Capital Matregrano, Eric Itiviti Matson, Kevin INTL FCStone Mc Cabe, John McCooey, Timothy Potamus Trading McGough, John INTL FCStone Inc. Continues on page 126 - 125 - Additional 2018 Member Directory Name Firm Name McVeigh, James Nasdaq Melmed, Max tZERO Mingione, William Bancroft Capital Mitchell, Ryan SpeedRoute Moore, Richard S&P Global Platts Morrison, Mark Bank of America Merrill Lynch Mostowfi, Sayena Citi Murray, Thomas Bloomberg LP Myers, Kelly Salesforce Neary, Melissa Pershing O’Brien, Sean Bank of America/Merrill Lynch O’Reilly, James Magma Trading USA LLC Ottrando, Michael TRAFix LLC Parker, Eric Intercontinental Exchange - ICE Data Services Perry, Christopher Broadridge Financial Solutions Peters, Lindsey Nasdaq Pires, Joseph Scotiabank Pleffner, Joseph Cantor Fitzgerald Pohs, Glenn Merrill Lynch Polo, Alan Bernstein & Co. Preston, Erin Ramsey, Alex Citadel Securities Raquet, Andrew NYSE Rickmers, Robert UBS Investment Bank (NYC) Robinson, Bernard FIS Global Roden, Marty The FGW Group Rodriguez, George Bloomberg Tradebook LP Rogan, Martin Pershing LLC Rubin, Jon Schifano, Joseph Tower Research Schwartz, Henry Trade Alert LLC Simmer, Eden PIMCO Snyder, Craig Elevation Securities Sohos, George Spencer, Marselen Predata Spenser, Simon Morgan Stanley Stearns, James PDQ ATS, Inc. Stehli, Mark Citadel Securities Strack, Daniel Vandham Securities Strashnov, Michael Cantor Fitzgerald Stratico, Joe Citadel Securities Continues on page 127 - 126 - Additional 2018 Member Directory Name Firm Name Sullivan, Margaret Vela Technology LLC Sultan, Bora Canaccord Genuity Securities Swanson, Eric XTX Markets, LLC Tan, Kee-Meng BNP Paribas Tatarnikova, Anna FIS Global Tierens, Ingrid Goldman Sachs Tirello, Michael Bloomberg Trimble, Kevin Global Markets Advisory Group LLC Triolo, Anthony DataWatch Turkenkopf, James Senvest Turner, John Virtu Financial Vopni, Brad Hudson River Trading Walley, Robert Deloitte & Touche LLP Weber, Seth INTL FCStone Weeks, Caroline Seton Hall Weiss, Larry Instinet, LLC Zinker, Joshua Bank of America Merrill Lynch

- 127 - Retired and Honorary Members Name Name Name Name Barker, John Gersten, S. William Moran, Vincent Stanton, Jr., John Barrese, Joseph Giesea, John Morrissey, Daniel Stoberock, Peter Barysh, Arnold Gimenez, Frank Mullins, Jeremiah Suglia, John Bauer, Francis Goldberg, Joel Nelson, Stephen Suppiger, Richard Bellucci, Louis Goldstein, Morris Neustein, Charles Taft, William Benizzi, Philip Gordon, Joseph O`Brien, James Tamuccio, Thomas Berger, Leonard Gordon, Paul O’Hara, Daniel Tarantino, Joseph Berkowitz, James Gravina, Thomas Oliva, Judith Thompson, Jack Berrie, John Hayden, Thomas Ortiz, Castel Tognino, John Bloch, Melvyn Howley, Charles Pacheco, Arthur Topol, Robert Bracco, Paul Iriarte, Ralph Padala, Charles Valentino, Ralph Brancati, Sr., Francis Jamieson, James Parcesepe, Aldo Wahl, Richard Brill, Norman Kaplan, Irwin Passamonte, Michael Whalen, William Brophy, Martin Kaplan, Robert Petrillo, Gerald Williams, Sr., Donald Buchanan, Vincent Kelly, David Pitarresi, John Winkler, Steven Cantor, Marvin Kiernan, Jr., Edward Ponzio, Jr., Nicholas Wolter, Arnold Cassino, Anthony Kilcooley, Patrick Posner, Edward Woo, Glenn Castellucci, Victor Kosmider, Val Prager, Paul Worsdale, Raymond Ceo, Michael Lafazan, Seymour Quigley, Hugh Wright, Victor Cohn, Maurice Lasky, George Padala, Robert Yednak, Alexander Collier, Evelyn Leopold, Robert Ramos, Eugene Yednak, Paul Comerford, William Leung, Dina Raphalian, James Concepcion, Antonio Levenstein, Irwin Reich, Carl Connell, Thomas Lobosco, Angelo Reich, Norman Coppotelli, James Lynch, Richard Rich, Louis Cordilione, Linda Lyons, Laurence Riveiro, Joseph Curtis, Nicholas Malespina, James Rodier, Edward D`Angelo, John Manzo, Anthony Romano, James D’Angelo, John Marino, Dennis Russell, Kenneth Davis, Alice Marotta, Robert Russo, Frank Dolan, Donald Masi, Frank Russo, Robert Donnelly, Peter Matthews, David Ryan, Peter Dwyer, Jr., Thomas Mattis, Robert Rynander, Jr., Arthur Emmett, Gregory McCarthy, Daniel Salamy, Fred Ewen, Raymond McCarthy, John Schultz, Paul Federico, Nicholas McCutcheon, William Shapiro, Norman Feltman, Roy McKinnon, Alice Shaw, Stanley Fenton, Gina McMahon, Joseph Shea, James Geduld, Buzzy McNamee, Margaret Simon, Leonard Genovese, John Mercandino, Robert Sorge, III, Joseph Genovesi, Arthur Meyers, Anthony Spellane, Francis

- 128 - Security Traders Association of New York Advertisement Index Advertiser Page# Aplomb Strategies, Inc...... 37 Axos Financial, Inc...... 45 Barclays...... 39 BestXStats...... 21 BIDS Trading, L.P...... 23 BNY Mellon’s Pershing...... 47 Broadridge...... 49 Caldwalader, Wickersham & Taft, L.L.P...... 25 Canaccord Genuity...... 27 Cboe...... 4 Citadel Securities...... 2 Clearpool Group...... 7 CODA Markets...... 51 Cowen, Inc...... 53 Canadian Securities Exchange...... 55 Dash Financial...... 13 Enfusion OMS...... 57 Fidelity...... 59 FlexTrade Systems, Inc...... 61 Global Liquidity Partners...... 63 Goldman Sachs...... 9 GTS...... 101 Hudson River Trading...... 65 IEX...... 67 IMC...... 69 Instinet...... 71 Intelligent Cross...... 29 INTL FCStone, Inc...... 73 Itiviti...... 75 Kx...... 19 MCAP, L.L.C...... 77 MIAX...... 79 Murphy & McGonigle...... 81 Nasdaq...... 11 NYSE Group...... C2 Oppenheimer...... 83 OTC Markets Group, Inc...... 1 Raptor...... 85 RBC Capital Markets...... 41 S3...... 31 Siebert Cisneros Shank & Co., L.L.C...... 87 Susquehanna International Group, L.L.C...... 89 SS&C...... 91 TMX...... 33 Trillium Surveyor...... 93 Tritum...... 103 Two Sigma Securities, L.L.C...... 95 UBS...... 97 Vela Trading...... 43 Virtu...... 35 William & Jensen...... 99

- 3 - We hope you will join us for the following events:

Tuesday, July 16, 2019 STANY Annual Meeting and Bootleggers Tasting OTC Markets Group 300 Vesey Street 12th Fl New York, NY

Monday, July 22, 2019 STANY Annual Golf Classic and John Harrington Cup Tournament Canoe Brook Country Club Summit, NJ

29th Annual International Reception and Holiday Party

SAVE THE DATE MONDAY JULY 22, 2019

2019 STANY ANNUAL GOLF CLASSIC

Canoe Brook Country CluB Summit, NJ