CHICAGO--(BUSINESS WIRE)--Simplex Trading, a leader in the proprietary trading and market making industry, is pleased to announce the appointment of Nancy Laethem Stern as Managing Director, General Counsel. Ms. Stern joins the Simplex management team with oversight of the firm’s legal and compliance functions and supporting the firm’s business and growth strategies.
“I truly admire what Erik and the entire leadership team of Simplex has built – a collaborative environment that best allows our team of talented and expert traders to capture market opportunities – and am excited to contribute to the next phase of the firm’s growth,” Ms. Stern said. “I look forward to working in partnership with Erik as we continue to focus on innovation, automation and data-driven analysis and maximize the ever-increasing potential of the firm.”
“Nancy is a highly accomplished leader and we are excited to welcome her to the Simplex team,” added Simplex Trading CEO Erik Swanson. “She brings extensive experience in building and growing businesses, embracing innovation and navigating complex issues. I am confident her operational excellence paired with an ability to effectively manage an increasingly complex regulatory environment will truly be an asset to our firm."
Ms. Stern joins Simplex from ABN AMRO Clearing USA where she oversaw all U.S. legal matters for the registered broker-dealer and futures commission merchant. Ms. Stern previously served as CEO, COO and General Counsel at Allston Holdings, a leading proprietary trading firm. During her nine-year tenure, she supported the execution of Allston’s strategic business plan including oversight of the sale of the firm. Prior to leadership roles within financial services firms, Ms. Stern spent a combined 17 years at Chicago-based Katten Muchin Rosenman LLP and Faegre Drinker Biddle & Reath LLP where she focused on mergers and acquisitions, corporate governance and securities law.
Since 2015, she has served as a non-executive director on the Board of EXP, where she is the lead Director for governance matters. Ms. Stern holds a Bachelor of Arts degree in economics and a Juris Doctor degree, both from the University of Michigan. Following the completion of her law degree, she clerked for the Honorable Robert H. Cleland, U.S. District Judge in the Eastern District of Michigan.
To learn more about Simplex Trading, visit https://simplextrading.com/.
About Simplex Trading
Founded in Chicago in 2004, Simplex Trading is a leading, technology-driven, proprietary trading firm and one of the top market makers in U.S. equity options today. Simplex Trading works with the most advanced technology and software in the market, and focuses on innovation, automation, and data-driven analysis to remain at the forefront of the market. Learn more at simplextrading.com.
