Modern Markets Initiative
Bill Harts is the CEO of the Modern Markets Initiative, the industry advocate for electronic and high frequency trading firms. He is known in the financial services industry as a pioneer of algorithmic trading as well as an authority on financial market structure and applied technology for trading.
As Managing Director and Head of Equity Strategy for Bank of America Securities, he was responsible for development of the firm’s electronic and algorithmic trading businesses, including its industry-leading Electronic Algorithmic Strategy Execution, InstaQuote direct market access product, and the Quantitative Strategies research group. He was Chairman of the Bank’s NYSE Specialist business, guiding it through an especially tumultuous reinvention process.
Prior to joining the bank, Mr. Harts held the position of Executive Vice President for Corporate Strategy for The NASDAQ Stock Market, Inc.
Mr. Harts created the industry’s first fully automated market making operation for Salomon Smith Barney/Citigroup, and was head of the Global Program Trading Department with responsibility for desks in New York, London and Tokyo. Prior to that, he was a consultant to Goldman, Sachs & Co. for three years with Fischer Black in their Quantitative Strategies Group developing equity derivative trading systems.
Mr. Harts was a member of the SEC’s Special Advisory Committee on Market Information and a member of the Nasdaq UTP Advisory Committee. He has spoken at the SIFMA Annual Conference, the FPL Americas Electronic Trading Conference, the Securities Industry Association Market Structure Conference, and the Baruch College Zicklin School of Business' Regulation of U.S. Equity Markets Conference. He is an occasional guest lecturer at Columbia Business School.
Mr. Harts served as a Director and Vice Chairman of the Board of the Philadelphia Stock Exchange from 1994 through 1999.
Mr. Harts holds a B.S. in Business Management and Economics from the State University of New York.