WILMINGTON, Del., Nov. 6, 2019 /PRNewswire/ -- The Delaware Board of Trade Holdings Inc., ("DBOT"
or the "Company") a wholly-owned subsidiary of Ideanomics Inc.
(Nasdaq: IDEX) is pleased to announce that Mr. Joseph L. Valenza has been appointed Chief
Revenue Officer and President of Delaware Board of Trade Holdings, Inc. Mr.
Valenza has over 25 years of experience in the financial services
industry. He brings to DBOT substantial knowledge of technology,
exchanges and regulations, and will drive innovation, strategic
planning, and optimization for DBOT.
"DBOT sees the strategic opportunity to grow the existing
business by building the next generation of digital solutions and
utilizing technology to deliver a hybrid of traditional and digital
securities solutions," said Mr. Joseph
Valenza. "I'm delighted to be onboard with John and the team
at this exciting time."
Mr. Valenza's experience includes senior roles in fundamental
departments such as sales, systems development, and execution. He
began his career at Pershing & Co, working his way up to
senior roles in New York, and
Boston where he was in charge of
Retail and Correspondent Equity and Option Trade execution
at Fidelity Capital Markets. In Chicago, Joe served as
Senior Vice President and CEO at Knight Execution Partners, a
division of Knight Securities (now VIRTU Financial), in charge
of floor operations on the American Stock Exchange (AMEX),
Chicago Board Options Exchange
(CBOE), and Pacific Exchange (PCX). Mr. Valenza also held senior
roles at Goldman Sachs and Lehman Brothers. He is currently a
Wall Street Committee Member of St. Jude's Children's Research
Hospital.
The Delaware Board of Trade
Holdings Inc. operates three companies: (i) DBOT ATS LLC, their SEC
recognized Alternative Trading System; (ii) DBOT Issuer Services
LLC, focused on setting and maintaining issuer standards, as well
as the provision of issuer services to DBOT designated issuers; and
(iii) DBOT Technology Services LLC, focused on the provision of
market data and marketplace connectivity.
"Joe brings a wealth of experience to DBOT. From traditional
trading businesses and the vision to drive DBOT's digital solutions
and next generation of fintech growth, his experience will be
instrumental in DBOT's next phase of growth and market leadership,"
said John Wallace, Chairman of DBOT,
and Ideanomics Board member. "We have invested heavily in systems
and sales development in recent months and, with the addition of
Joe, we now have the tools, technology, and leadership to take DBOT
to the next level."
DBOT ATS, LLC operates an SEC-recognized Alternative Trading
System that facilitates transactions of secondary trading of
corporate equity securities. These include ETFs, REITs, and ADRs,
secondary trading of private company stock, restricted stock,
unlisted or unregistered warrants, convertible debt, preferred
instruments, employee stock options, and 144A stock; and as well
operates a funding portal to allow issuers to offer Regulations A+
and D offerings.
About Delaware Board of
Trade
The Delaware Board of
Trade Holdings, Inc. operates three companies: (i) DBOT ATS LLC, an
SEC recognized Alternative Trading System; (ii) DBOT Issuer
Services LLC, focused on setting and maintaining issuer standards,
as well as the provision of issuer services to DBOT designated
issuers; and (iii) DBOT Technology Services LLC, focused on the
provision of market data and marketplace connectivity. DBOT is a
FINRA Member Firm, and a member of the Securities Investor
Protection Corporation ("SIPC"), that operates a fully automated,
auto-execution Alternative Trading System ("ATS").
http://www.dbottrading.com
About Ideanomics
Ideanomics is a global Financial
Technology (Fintech) company for transformative industries.
Ideanomics combines deal origination and enablement with the
application of technologies such as artificial intelligence,
blockchain, and others as part of the next- generation of smart
financial services. Our projects in New Energy Vehicle markets,
Fintech, and advisory services provide our customers and partners
better efficiencies, technologies, and access to global
markets.
Ideanomics, through its investments, along with its partners
curate innovation around the globe through hubs and centers that
foster a pipeline of technological excellence in cleantech,
fintech, tradetech, agritech, regtech, insuretech, playtech,
healthtech, cyber security, and more.
The company is headquartered in New
York, NY, and has offices in Beijing, China. It also has a planned global
center for Technology and Innovation in West Hartford, CT, named Fintech Village.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these
forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New
York 10006
Email: ir@ideanomics.com
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SOURCE Ideanomics