Nick Chong · 1 week ago · 2 min read · Insights via Grayscale Investments
ConsenSys-Backed Omega One Recruits Wall Street Veterans to Create the Financial Market of the Future
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In another sign that decentralized exchanges are taking over, ConsenSys mesh company, Omega One, announced it has recruited four Wall Street veterans to aid in creating a next-generation decentralized cryptocurrency exchange.
The Ethereum-based platform hopes that the latest appointments will bring it closer to realizing the goal of creating a decentralized marketplace that will bridge the traditional financial marketplace with that of the digital.
Omega One, which is a part of Brooklyn-based ConsenSys, has been in the process of creating an institutional framework for digital asset exchange. The goal of Omega One is to build a highly liquid, lower cost, and more secure trading platform for digital assets.
The recruitment of former Wall Street leaders will help them realize this ambition, as it strengthens their team, especially as they await their initial coin offering (ICO), which is scheduled to take place before June 2018.
New team members include:
- Michael Guadarrama – appointed as Omega’s Chief Operating Officer (COO). Guadarrama formerly served as the Head of Trading Technology at the hedge fund firm, Bridgewater Associates. After this, he was employed as Global Head of Investments Technology at T. Rowe Price.
- Daniel Flax – recruited as the new Chief Technology Officer, formerly served as a technology expert at several of the world’s leading financial firms such as, CAN Capital, Cowen and Company, and The Street. In addition, Flax formerly worked for the New York Stock Exchange (NYSE) as the Managing Director of Trading Systems.
- James Featherly – taken on as the company’s Trading Platform Product Manager. Featherly spent over a decade at the financial firm, Morgan Stanley, as the Executive Director of the Electronic Trading Product Team both in Hong Kong and Tokyo.
- Bart Chilton – recruited as an advisor where he’ll be providing his expertise since he formerly served as a Commissioner of the Commodities Futures Trading Commission (CFTC). Chilton will prove instrumental in creating a self-policing and self-regulatory environment in Omega One.
The newly appointed COO added that Omega One will prove to be an industry leader in the blockchain world as they prove that digital assets are an important key to future financial infrastructures.
Flax noted that his experience at the NYSE has convinced him that a solution such as Omega One is the only way forward in this transformational time in history where the highly volatile industry of cryptocurrencies are in need of an institutional environment that Omega One can provide.
Featherly added that cryptocurrencies are on the brink of entering the final stages of mainstream implementation, which makes institutional backing and participation more important than ever.
In addition, Featherly noted that Omega One comes at the perfect time as it can provide some much-needed stability and liquidity in the marketplace.
Bart Chilton expressed his confidence in the project by stating that with the company’s commitment to transparency, they are poised to become industry leaders in the market.
The Omega One team already consisted of several leaders in the financial technology industry. This includes Alex Gordon-Brander who has been appointed as Omega One’s CEO.
Gordon-Brander formerly created two separate trading platforms at MarketAxess and Bridgewater, respectively. Since their launch, both platforms grew to trade well over $1 trillion.
To learn more about Omega One and how it will make cryptocurrency trading faster, cheaper and more secure, check out this short video (3:53) explaining how it will work: