Chi-X Global has hired Steven Silberstein as Chief Information Officer and Gregory Smith, CEO of Chi-X Global Technologies (Chi-Tech), has been named Vice Chairman. Silberstein will be responsible for all aspects of Chi-X Global’s technology and will lead the technology coordination between its market centers, global trading participants and Chi-Tech’s trading technology development.
He will be a member of the Chi-X Global Executive Committee and will report to John Lowrey, CEO of Chi-X Global, and Smith.
In a statement Lowrey said, “With investors around the world demanding more efficient markets, there are more opportunities than ever for Chi-X Global, both in delivering the platforms themselves and in technology provision. Steve is an extremely well-respected industry practitioner, and is the ideal choice to help us execute on our technology vision.”
Silberstein was previously a managing director and global head of prime brokerage at Lehman Brothers and also held the position of chief information officer of the firm’s Global Equities Division.
In Smith’s additional role as Vice Chairman he will oversee business strategy and the commercialization of products and services under the Chi-Tech umbrella, as well as leveraging the products of Chi-X Global’s market centers.
Lowrey added, “With the former Cicada business now fully integrated into Chi-X Global, we felt the timing was right to broaden Greg’s portfolio of work, particularly in the commercialization of Chi-X Global’s market leading products and the strategic build out of new products and services for our global customers. We view this as a significant growth area for our business, and look forward to leveraging Greg’s many strengths.”