Scott Kurland

Scott Kurland is most notable as a leading innovator in the financial technology space over the past decade. He is currently a Director and Head of Platform Solutions at ITG, Inc. He was formerly a co-founder and Head of Product Development at ESP Technologies Corp. where he co-developed and submitted a patent for the ClearvoyanceTM post-trade aggregation software. In December 2010, the ESP ClearvoyanceTM software and service was purchased by ITG and Kurland moved over to ITG with the acquisition in order to assist ITG in integrating the Clearvoyance technology under the firm's global Single Ticket ClearingSM service. Kurland's trade aggregation patent was subsequently granted by the US Patent Office in 2012.
Career history
In 2004, Kurland developed a cutting-edge platform and trading portal called EARN. Standing for "Electronic Algorithm Routing Network", EARN enabled institutions in the asset management industry to gain access to a host of electronic trading services and algorithmic strategies provided by Wall Street brokers, from a central, consolidated software dashboard. The EARN platform subsequently acted as a catalyst for more rapid adoption of algorithmic trading by financial managers over the next 3 years.
Further innovations
In 2005 and 2006, Mr. Kurland turned his innovation efforts to focus on back-office trade processing, and developed the concept of Central Counterparty Clearing for buyside institutions. First covered in an October 2005 article of Wall Street & Technology magazine, Central Counterparty Clearing aimed to provide financial managers with more freedom to trade across a wider spectrum of market centers, brokers, and execution tools, while consolidating trade-processing efforts on the back-end. Shortly thereafter, Mr. Kurland expanded the concept, technology and processes to work in over 23 market centers globally.
Accelerating the drive and demand for even greater efficiency in the trade-processing area, in June 2010, Mr. Kurland announced the launch of the first-of-its-kind, completely post trade, patent-pending aggregation technology, called ClearvoyanceTM, through Advanced Trading Magazine. Designed to process and aggregate institutional client trade allocations en route to downstream trade-processing systems like Omgeo OASYS or SWIFT, this technology has recently spurred an industry interest in the concept of extending best execution to include "Best Settlement", defined as the act of implementing the most efficient way of allocating and settling executed trades for institutional customers.
Recent developments
In December 2010, Kurland's ClearvoyanceTM software was purchased by ITG Inc. for an undisclosed amount, and Kurland facilitated the rebranded and relaunch of the software under ITG Single Ticket ClearingSM. Subsequent to ITG's acquisition and product rebranding, in early 2012, Mr. Kurland expanded the capabilities of Single Ticket ClearingSM to include a solution for Wrap and Separately managed account (SMA) managers looking to streamline the way they process trades. Most recently in March 2012, Kurland published a research whitepaper in the Journal of Securities Operations & Custody addressing the hidden operational drivers for increased Mutual fund fees and expenses.
Biography
Kurland was born in November, 1974 in Worcester, MA, and currently resides in New York City. He has made numerous editorial contributions to industry-leading magazines including The Journal of Trading, The Trade News, International Securities Services Magazine, and Hedge Fund News. Mr. Kurland is also a graduate of the Wharton School of Business at the University of Pennsylvania, and winner of the 1995 Annual Wharton International Business Plan Competition.
http://www.thedp.com/article/1997/10/wharton_alum_conquers_world_of_business

Main Menu

See Also

Main Menu