Trading Technologies Names Kraines as CFO

In the role, he will be responsible for finance, planning, strategy and business development. According to the vendor, he has spent 25 years as an investment banker in the fintech sector, executing over $35 billion of market structure sector transactions.

He joins TT from Sandler O'Neill + Partners as a managing director, where he has served since 2004 and led the firm's fintech efforts. From 1992-2004 he was at Wasserstein Perella & Co. working in its financial institutions group.

"Given its leading role in the market and tremendous technology and development resources, I could not be any more excited about joining TT," said Kraines in a statement. "The company has reinvented itself in several respects, and with a robust technology platform enabling new trading solutions, data products and access to new markets going forward, TT stands well-positioned to move to the next level."

Rick Lane, TT's CEO, noted that Kraines has served as an advisor to TT "for several years" and that he "will prove instrumental as we continue to improve our competitive positioning and actively expand into new markets," said Lane in a statement. "Michael's strong banking background and external client focus will help TT open new doors, develop unique business opportunities, and accelerate our commercial partnerships as we expand more broadly across the sector."