Direct Edge Taps Hess
Traders Magazine, July, 2008 by Peter Chapman
Direct Edge ECN, in the process of filing for exchange status, tapped the former chief legal counsel at Brut ECN to lead the charge. The ECN hired Eric Hess as its general counsel, giving him responsibility for overseeing all legal and regulatory affairs of the company. That includes leading efforts in connection with Direct Edge's application for two exchange licenses with the Securities and Exchange Commission.
Hess, according to Direct Edge, has a great deal of experience liaising with financial industry regulators. He gained that experience during his previous position at Lehman Brothers, where he was a senior vice president, legal equities. He also dealt with regulators during his tenure with SunGard Data Systems, part of which was spent in the role of chief legal...
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