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Since HTX was established, Michael Daly has been applying his highly technical abilities and vast knowledge of systems design, development and testing to manage the technical support of HTX Server complexes. Michael’s in-depth understanding of the FIX protocol qualifies him as the in-house expert on FIX connectivity. With expertise in electronic compliance issues with OATS, in addition to clearing and settlement processes, Michael has effectively designed and implemented automated order handling systems for HTX clients.

Prior to HTX, Michael was a Software Designer at Instinet, responsible for the initial conception of systems design to final acceptance testing. These systems ranged from displaying relevant market data to providing fundamental and statistical analysis tools used to quantifiably measure broker/trader/dealer/market activity.

As Quality Assurance Engineer, Michael headed the QA Analysts team to test Instinet systems for their accuracy, reliability, and readiness for client delivery. Michael led the integration of Trading System tools into the Research & Analytics front-end applications. A key liaison with clients and internal trading desk personnel, Michael was also lead designer of the industry’s first commercially available Order Management System (OMS).

Michael has travelled widely to research the financial services industry and amass a deep understanding of the needs of professional and sophisticated traders across the United States. He earned his Bachelor of Science degree in Computer Science from the New York Institute of Technology.