NYSE Taps Pastina for Trading Floor
With the large number of market structure changes under way at the New York Stock Exchange, it is not surprising that the NYSE chose Louis Pastina, a Wall Street veteran since 1983, to spearhead the Next Generation Trading Floor.
Recently promoted to senior vice president, Pastina is responsible for optimizing productivity at the point of sale and future planning of systems and facilities to support order-execution services. Previously, Pastina was vice president, point of sale.
"Lou Pastina is one of the most competent people at the stock exchange. He's a big-picture guy. I applaud their choice," says Richard Rosenblatt, president of Rosenblatt Securities, an institutional agency-brokerage firm and NYSE member. Pastina likely will oversee efforts to develop hand-held computers that will give floor brokers direct access to the electronic market. Pastina reports directly to Catherine Kinney and Robert Britz, the exchange's presidents and co-chief operating officers. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio