Larason to Join GBST as Head of Development

Larason comes from Barclays Capital, where he led the company's US electronic trading technology division. At Barclays, he worked on equity algorithm, smart routing and crossing products.

"Larason's experience working with all aspects of product development ─ from creation, to management, to support ─ will be invaluable not only in helping us identify the technology needs of our key prospects here in the US, but also in moving our products from strategy to market quickly and seamlessly," said Liz Bevan, incumbent CEO in the US of GBST, in a statement.

Prior to Barclays, Larason worked in software engineering and project management for Lehman Brothers and Ameritrade's Datek arm. He also founded and sold an algorithmic trading firm, Al Capital, in 2003.

Larason, who will report to Barry Raskin, CEO of GBST's Americas business, will be based in New York and responsible for leading GBST's expansion in the US.

"I love the industry, but there aren't a lot of new companies coming into the space," Larason said in a statement. "Since I'm an entrepreneur at heart, I'm always looking toward what's next. In my opinion, GBST is it. They have a desire to innovate and a desire to build, and I'm thrilled to be joining the team."