SIPs Name Three New Members to Advisory Committee

The Securities Information Processors’ (SIPs’) Operating Committees announced the addition of three new members to the Advisory Committee. They are: Chris Nielsen, Managing Director, Charles Schwab & Co., Inc., W. Todd Watkins, Director, E*TRADE Financial Corporation and Matt Billings, Managing Director, TD Ameritrade. The SIP Advisory Committee meets quarterly with the CTA and UTP Operating Committees and the Securities and Exchange Commission (“SEC”) to review SIP performance and discuss policy matters. The 11-member Advisory Committee represents the diverse viewpoints of the marketplace with representatives from the retail investment community, the vendor community, the institutional brokerage community and the ATS community. Mr. Nielsen has served as Managing Director, Market Data Management at Charles Schwab since 2015. Prior to that he spent six years at SmartStream Technologies, working in a senior capacity in the firm’s Data Management Services group.

Mr. Watkins has served as Director, Product Management for E*TRADE Financial, where currently he is responsible for market data products at the firm. Prior to that, he served as Head of Risk Data Services, Americas for Thomson Reuters. Mr. Watkins also spent five years working in senior market data leadership roles at NYSE, which he joined as part of its 2009 acquisition of NYFIX, where he served as SVP of Market Data Systems. Mr. Billings serves as Managing Director, Market Data Strategy at TD Ameritrade. He oversees all aspects of market data for TD Ameritrade. He joined the firm in 2017 following its acquisition of Scottrade, where he served as Senior Vice President, Trading Services. Mr. Billings began his career working on the floor of the Chicago Stock Exchange ultimately becoming CEO of floor broker/specialists firm, Billings and Company. Mr. Billings is a member of multiple financial services industry trade organizations, most recently serving on the Cboe Exchange Board, FIF Advisory Committee and Board of Governors of the Security Traders Association.