Photographer: Sarah Blesener/Bloomberg

This Woman Is Challenging the Boys' Club of Speed Traders

  • Jessica Sohl was promoted to president of HC Technologies
  • Joins short list of women at top of electronic trading firms

Algorithmic trader HC Technologies LLC promoted Jessica Sohl to president, adding her to the short list of women who’ve ascended to the top of an electronic trading firm.

Jessica Sohl

Source: HC Technologies LLC

Sohl, who became general counsel in 2014, will now oversee day-to-day operations at the company, according to a statement Monday. She has a law degree from the Loyola University Chicago School of Law and previously worked for the state of Illinois and Chicago trading powerhouse Jump Trading LLC, according to her LinkedIn page.

Female executives are a rarity in the industry. The largest proprietary traders in the U.S. stock market, including Virtu Financial Inc. and Citadel Securities, are run by men. There are some exceptions. Jenny Just co-founded Peak6 Investments LP two decades ago. In August, Kirsten Wegner was named chief executive officer of the Modern Markets Initiative, an advocacy group founded in 2013 by four high-speed traders.

HC Technologies also announced Monday that Giovanni Pillitteri has joined the company from GTS Securities LLC to expand its foreign-exchange business.

Formerly called Henning-Carey Proprietary Trading LLC, HC Technologies was founded in 2007 by Joe Niciforo, a former trader at Tudor Investment Corp., and Charlie Carey, who once served as chairman of the Chicago Board of Trade.

— With assistance by Brian Louis

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE