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Ted Myerson
Ted Nathan Myerson (born 1975) is an American entrepreneur and business executive who holds two U.S. patents for innovations in real-time risk management and data aggregation. Myerson coined the term “naked access” in 2009, calling on the SEC to ban it.〔''Traders Magazine'', “FTEN Calls for SEC to Ban Naked Access,” May 27, 2009.〕 He was quoted in the SEC Market Access Rule. 〔U.S. Securities and Exchange Commission, “Final Rule: Risk Management Controls for Brokers or Dealers” Nov 3, 2010.〕 ==FTEN Inc==
Myerson founded the software startup FTEN Inc. in September 2001 at age 26, and sold it to The NASDAQ OMX Group for an undisclosed nine figures in December 2010, remaining in place as CEO.〔''Securities Trade Monitor'', “NASDAQ OMX Acquires Risk Management Software Firm”; December 15, 2010.〕 Former SEC Commissioner Annette Nazareth nominated FTEN for the 2010 National Medal of Technology Innovation. FTEN provides real-time intraday risk-management systems to the financial services industry. In 2011, Myerson also became Global Head of Access Services for The NASDAQ OMX Group, overseeing four business units, including FTEN Inc. Access Services accounts for fifteen percent of The NASDAQ OMX Group’s global revenue, approximately $223 million in 2012. Myerson also serves on the board of the FINRA/NASDAQ Trade Reporting Facility (TRF), and the New York Metro Board of Directors for The Network for Teaching Entrepreneurship (NFTE), a nonprofit foundation that provides entrepreneurship education to low-income youth globally.
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