Selerity Hires Jeffrey Otten as Head of Global Sales

Selerityhired Jeffrey Otten as the new VP of global sales to meet the demand for low-latency market-moving event data from investment firms.

Otten, who spent the past 14 years at Thomson Financial and Thomson Reuters, has a background in algorithmic news feed sales and working with clients on news-based trading solutions.

In his new role, Otten will be responsible for building out and leading a global sales force starting in North America and scaling Selerity’s sales organization. Otten and his team will also provide a feedback loop from clients, ensuring Selerity continues to meet its customers’ current and future needs, according to the release. Otten will work out of Selerity’s Chicago office and report directly to Ryan Terpstra, founder and CEO of Selerity.

“As Selerity continues to grow and expand its global presence, it is imperative for us to make strategic hires that we feel can support our growth and help the company reach new heights,” commented Ryan Terpstra, Founder and CEO, Selerity, in the release. “With more than 17 years of experience in the financial services industry and the vast knowledge Jeff has gained working in the algorithmic news business, we are confident that he will help us meet the growing demand for the Selerity Platform.”

Otten was most recently a VP of sales in the Thomson Reuters Markets division. While holding that position, he led the sales initiative for the Canadian news product re-launch, managed the migration efforts of legacy products and was instrumental in closing Thomson Financial’s first algorithmic news feed sales in late 2007. Over the last several years, Otten has focused am increasing amount of time in the algorithmic and quantitative trading space, working closely with clients to develop news-based trading solutions. Before joining Thomson Reuters, Wooten worked in both buy-side and sell-side research roles at Smith Barney, Citigroup.

“I am thrilled to be working with the Selerity team to bring its innovative, ultra-low-latency data platform to financial services firms and traders worldwide,” said Jeffrey Otten, Vice President of Global Sales, Selerity. “Selerity is extremely innovative and has quickly established itself as the leader in delivering machine-readable event data, and I’m looking forward to helping grow it into a next-generation financial information and technology company.”

Selerity launched launched its ultra-low latency platform for delivering machine-readable U.S. corporate and economic event data in early March. The product is aimed at sophisticated investment firms, including hedge funds, banks and proprietary trading companies.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio