Derivix Names Industry Veteran Carrick Pierce President

Pierce Joins Executive Team to Drive Global Strategy for Options Trading Solutions Provider

Business Wire

posted: 34 DAYS 18 HOURS AGO

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Derivix, a financial software company providing options pricing, portfolio risk visualization and analytics solutions, today announced that Carrick Pierce has joined the company as its new President.

In this newly created position, Pierce will oversee business development, product strategy and global sales to support Derivix as it continues to grow in the dynamic U.S. options marketplace and beyond. Before joining Derivix, Pierce served as the Chief Information and Technology Officer at Parallax Fund L.P, a trading firm that specializes in relative value volatility trading.

“Carrick has the rare combination of quantitative strategy and technology know-how that’s critical to address the quickly evolving options marketplace,” said Jonathan Weedon, CEO and co-founder, Derivix. “With his diverse skill set, respected industry leadership and being a longstanding champion of the company, we’re very excited to have him on board to support Derivix’s expansion strategy.”

Prior to his role at Parallax Fund, Pierce served as infrastructure manager for the flow volatility desk at Lehman Brothers and was also a partner in private equity at Aegis Holdings, LLC. Earlier in his career, he was an options market maker on the American Stock Exchange for a quantitative trading hedge fund, focusing on leading-edge options and volatility trading strategies. Pierce also studied computational finance at Carnegie Mellon University and finance at Georgetown University.

“Derivix has a unique opportunity to tap an underserved market for both buy- and sell-side traders. With its combination of multi-broker execution, top-notch analytics and trader-centric user interface, Derivix offers the best solution for customers seeking to understand risk exposures in real-time while maximizing trading opportunities across the entire U.S. options universe,” said Pierce.

Pierce will be available for interview at the 25th Annual Futures & Options Expo (FIA Expo) in Chicago from Oct. 21-22 in Derivix booth #220. To request additional information or to schedule a briefing, please contact: Katy Zack, kzack@articulatepr.com or 212.255.0800, ext. 11.

About Derivix:

Derivix ( www.derivix.com) is a financial services software company providing options pricing, risk visualization and analytics solutions to the industry’s leading options traders, sales traders and hedge funds. Derivix sets the new standard in analytics systems, offering customers the powerful tools they need to stay ahead in a rapidly evolving electronic marketplace. With a commitment to broker neutrality, Derivix provides customers the flexibility they need to fit solutions into any business structure. Founded in 2005, the company has offices in New York, Boston and Silicon Valley.