AlgoTrader Names Richard Chmiel as Chief Operating Officer

Blog entry

AlgoTrader has hired Richard Chmiel as chief operating officer with a remit to grow US business and manage the algo trading solution company’s global sales, business development, client success and marketing. A veteran of the financial services industry, Chmiel’s career includes periods as a senior executive at Bloomberg, global head of sales and marketing at OneTick, and CEO of satellite analytics leader, RS Metrics.

The hire follows AlgoTrader’s $1.5 million financing round announced in February and earmarked for investment in the company’s overall business as well as its specific trading solutions for asset classes including equities, foreign exchange, futures and options, and cryptocurrencies.

Commenting on his appointment, Chmiel, says: “I was really attracted by AlgoTrader’s platform and proprietary technology, which is used by the most discerning quantitative trading firms. The company has a tremendous amount of momentum and I’m looking forward to bringing my skill set to help further its rapid growth.”

Founded in 2014 by Andy Flury, AlgoTrader is a quantitative strategy design, back testing and execution platform for all security types and asset classes globally. Its functionality and modular architecture allow trading firms to fully automate trading strategies in a comprehensive, cost efficient platform.

Flury, both founder and CEO at AlgoTrader, comments: “Richard is a perfect fit to help AlgoTrader guide its growth and develop its brand. We were looking to bring on someone knowledgeable and seasoned in the financial industry to secure new clients and partnerships, and refine the service offering for our current clients. With his broad market knowledge and variety of experiences mixed with his extensive network of contacts in the industry, Richard will be guiding some of our most pivotal decisions in our upcoming growth strategies.”