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Executive Team



William R. Harts
Chief Executive Officer

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.


Kirsten Wegner
SVP, Business Development

Kirsten Wegner is SVP of business development, the industry advocate for electronic and high frequency trading firms. She most recently served as director, government relations for the International Securities Exchange where she created bipartisan outreach and advocacy strategy on financial services and tax matters impacting exchanges and retail investors.

Previously, she was a Senior Associate at Squire Patton Boggs LLP, providing strategic counsel to stock exchanges, Industry trade organizations, and brokerages on financial services, tax, and technology matters.

Kirsten holds a J.D. degree from Georgetown University Law Center and a B.A. degree from Columbia University.


Jim Gorman
Director of Communications

Jim Gorman is the director of communications of the Modern Markets Initiative, the industry advocate for electronic and high frequency trading firms. He most recently served as vice president of corporate communications for global stock exchange operator BATS Global Markets and head of communications for stock exchange operator Direct Edge prior to its acquisition by BATS Global Markets.

Previously, he was head of communications for institutional trading network Liquidnet, director of communications at Deutsche Bank’s DWS Scudder mutual fund family and vice president of communications for Prudential Securities and Prudential Investments. In addition to his corporate experience, he also held progressively senior roles at international, mid-sized and boutique public relations firms where he specialized in attracting and serving financial services clients.

“Numerous studies – including the recently released UK Foresight HFT project – have shown that transaction costs for both retail and institutional traders decreased substantially with the growth of high-frequency trading."

Larry Harris, former sec chief economist

Financial Times, December 27, 2012

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