The real secret sauce to the success of Virtu has been, and always will be, our people. From the top down Virtu is made up of a phenomenal community. Our firm is built on our traders and developers. Our traders do not sell financial products to customers. They work as a team to develop and execute proprietary trading strategies which provide liquidity to the market. Our technologists are some of the best in the world. They are passionate about the financial markets and form a crucial part of our trading. Around this core group we have outstanding support teams including our IT, finance, compliance and facilities groups.
Virtu's leadership team is comprised of seasoned market professionals who have the vision and capacity to lead the global growth of our firm.
Vincent Viola Executive Chairman Vincent Viola is the former Chairman of the New York Mercantile Exchange (NYMEX) and is one of the nation's foremost leaders in electronic trading. He is currently the Executive Chairman of Virtu Financial. Mr. Viola started his career in the financial services industry on the floor of the New York Mercantile Exchange and rose to be Vice Chairman (1993-1996) and Chairman (2001-2004).
Mr. Viola has launched a number of successful businesses during his career, including Virtu Financial and a regional banking group in Texas that is now listed on NASDAQ (IBTX). Mr. Viola graduated from the U.S. Military Academy at West Point in 1977. He later graduated from the U.S. Army Airborne, Infantry and Ranger Schools and served in the 101st Airborne Division. In 1983, he graduated from the New York Law School. Shortly after September 11, 2001, Viola was instrumental in founding the Combating Terrorism Center at West Point.
Douglas Cifu Chief Executive Officer Douglas Cifu is the Chief Executive Officer of Virtu Financial and was one of the co-founders of Virtu in 2008. Prior to joining Virtu, Mr. Cifu was a Partner at the international law firm Paul, Weiss, Rifkind, Wharton & Garrison (Paul Weiss). At Paul Weiss, Mr. Cifu served as a member of the Management Committee, Deputy Chair of the Corporate Department and co-head of the Private Equity Group.
Highly regarded by peers, Mr. Cifu is recognized in Chambers USA and Legal 500 as a leading mergers and acquisitions lawyer for buyouts and private equity transactions. In 2006, Private Equity International included Mr. Cifu in its list of the 30 most influential lawyers currently working in global private equity, citing in particular his expertise in technology-driven sectors. He has also been recognized by Crain's New York Business in its "Technology 100," a listing of the top 100 persons working in technology in the New York area. Mr. Cifu completed his J.D. at Columbia Law School in 1990 and his B.A. from Columbia University in 1987 where he graduated magna cum laude.
Brian Palmer Global Head of Development Brian Palmer is the Head of Development at Virtu Financial. Mr. Palmer is a graduate of the California Institute of Technology. Throughout his career, he has worked on low latency, high performance algorithm development in various fields from biotechnology to finance.
Mr. Palmer joined Madison Tyler Holdings as a junior developer and has been promoted in the firm with roles including Head of Strategy Development, Partner and Managing Partner of the Austin office. Further, he played a key role in launching the European offices of the firm and continues to actively oversee software development and trading globally.
Joseph Molluso EVP and Chief Financial Officer Joseph Molluso is the Executive Vice President and Chief Financial Officer of Virtu Financial and has served in such capacities since November 2013. Prior to joining Virtu, Mr. Molluso was a Managing Director in Investment Banking at J.P. Morgan from 2006 to 2013, where he provided strategic advice to financial institutions with a focus on market structure related companies.
Mr. Molluso started his career as an investment banker specializing in financial services companies in 1997 at Donaldson, Lufkin & Jenrette and its successor, Credit Suisse, where he helped establish the global financial technical group. During his investment banking career, Mr. Molluso was recognized by his peers and clients as one of the leading advisors to market structure companies and advised on some of the landmark transactions in the sector. Mr. Molluso received his M.B.A. from New York University in 1997 and his B.B.A. from Pace University in 1991.
Anthony (Tony) Manganiello Chief Administrative Officer (CAO) Tony Manganiello is the Chief Administrative Officer (CAO) of Virtu Financial, LLC and has served in such capacities since July 2011. Mr. Manganiello has a 30-year career as an experienced technology and operations leader in financial services and the United States Army. As the CAO, he is responsible for the design, implementation, and day-to-day operations of the firm’s non-trading activities, while remaining fully integrated with the technology development and infrastructure of Virtu.
Prior to holding this position at Virtu, Mr. Manganiello was instrumental in building the firm from its beginning in the areas of technology, operations and finance. He came to Virtu from Lehman Brothers where Mr. Manganiello served as the Head of Infrastructure (Operations & Technology) for the Investment Management Division of Lehman Brothers, Inc. before joining Virtu Financial. Mr. Manganiello also worked at Goldman Sachs as a senior manager in the Building Infrastructure Technology organization and as a senior manager of their Project Management Offices across the firm. Mr. Manganiello is a graduate of the United States Military Academy and a retired US Army Lt. Colonel. He holds multiple degrees from MIT (an MS in robotics) as well as an MBA in Finance, an MS in Accounting, and MA in Management and Human Resources.
John C. Shay SVP for Transaction and Technology Services Since 2007, John Shay has been involved with the Virtu family of businesses. He currently serves in the Technology and Transaction Services group and is responsible for managing all outside venue, vendor and trading relationships, including all Prime and FCM counterparties as well as all Exchange, ECN and ATS relationships with a focus on Fixed Income, Currencies and Commodities.
Previously, Mr. Shay was Founder and served as Chief Marketing Officer of IDCG. His responsibilities included overseeing all Sales efforts within IDCG; such as managing all buy-side, sell-side and clearing member relationships. He was a frequent representative for IDCG at industry conferences and was a member of the IDCG Management Committee. IDCG was sold to LCH in August of 2012.
Before founding IDCG, Mr. Shay was a Founder and Managing Partner of Capital Market Services Inc, a wholly owned clearing and execution services business designedto improve market access for algorithmic strategy hedge funds in the over-the-counter and exchange traded space. Previously, Mr. Shay spent almost 25 years managing various businesses for ICAP.
From 2003 to 2007, he was Executive Vice President and Global Head of Sales for ICAP Electronic Broking (IEB) for Fixed Income and Foreign Exchange. Mr. Shay was critical in creating strategic partnerships in China, Hong Kong, Japan, South America and the EU. He worked to integrate the Brokertec business (which IEB acquired in May 2003) and to drive market share in U.S. Treasuries, Mortgage Backed Products, and Repo. Mr.Shay was critical in integrating global sales efforts with the EBS (which IEB acquired in June 2006), concentrating in Spot Fx, Fwd FX, Emerging Market FX and Precious Metals.
Mr. Shay earned an M.B.A. from Columbia Business School, Columbia University and a B.B.A. from Pace University’s Lubin School of Business graduating magna cum laude.
Venu Palaparthi SVP for Compliance, Regulatory and Government Affairs Venu Palaparthi has been our Senior Vice President for Compliance, Regulatory and Government Affairs since December 2014.
Mr. Palaparthi also serves as Chief Executive Officer of our two registered broker dealers.
Between 2011 and 2014, Mr. Palaparthi served as an officer at Nasdaq in the Global Trading and Market Services division.
While at Nasdaq, he was CEO of Nasdaq's broker-dealer subsidiaries--Nasdaq Execution Services LLC, Execution Access LLC and NPM Securities LLC.
Mr. Palaparthi was responsible for regulatory compliance for Transaction Services U.S. and led various market structure and post-execution initiatives for Nasdaq's U.S. marketplaces.
Prior to Nasdaq, Mr. Palaparthi was Chief Compliance Officer of Instinet LLC between 2008 and 2011.
From 2000 to 2008, Mr. Palaparthi worked in a variety of functions at Instinet including Head of Business Audit and Technology Compliance Officer.
Mr. Palaparthi started his career as an analyst at Reuters in 1994.
Mr. Palaparthi received his MBA from The University of Texas at Arlington in 1994.
He earned a dual degree--BE (Honors) in Computer Science and M.Sc. (Honors) in Economics--from Birla Institute of Technology and Science in Pilani, India.