Blockchain’s tZero Appoints Elliot Grossman As CEO Of Upcoming Retail Broker-Dealerbr>
Overstock’s security token trading platform subsidiary tZERO has announced that Elliot Grossman has been appointed Chief Executive Officer (CEO) of its upcoming broker-dealer affiliate.
Grossman is a founding member of New York-based institutional brokerage firm Dinosaur Financial Group and was most recently the managing director of equity trading at that company, as well as the senior vice president at DCM Advisors, an SEC registered investment advisory firm. Over his 15 years at Dinosaur, Grossman pioneered the companys equity business and was also in charge of the firms electronic trading systems and strategies. While at Dinosaur, Grossman assisted in the development of the companys US private client group as well as launched the firms international equity trading business.
At TZero, Grossman will oversee the establishment and management of the anticipated retail brokerage services affiliate. By combining client first service with innovative products and sophisticated strategies with tZEROs proprietary technology, the new broker-dealer, under Grossmans leadership, aims to be the leading next generation brokerage firm for investors and financial intermediaries. The new brokerage affiliate is in the process of applying for required regulatory approvals prior to commencing operations.
“Having worked with Elliot Grossman at Dinosaur Financial Group, I am confident that he is the right person to build on our momentum,” said tZERO CEO Saum Noursalehi. “Elliot’s 15 years of experience in capital markets will be invaluable in building the next generation retail broker-dealer. His skills in combination with our expertise in automation and building world-class user experiences will revolutionize how investors trade assets.”
“Leading tZERO’s new broker-dealer affiliate is an honor and I’m eager to be joining this effort at such an exciting time,” said Grossman. “I look forward to continuing to build on the successes that the tZERO team has achieved as we continue to create a truly unique offering for our clients.”
Founded in 2014, tZERO is a technology firm with the goal of utilizing blockchain technology to revolutionize Wall Street so that financial processes could become less beholden to traditional institutional market structures and to bolster and enhance market integrity. tZERO is a portfolio company of Medici Ventures, the blockchain subsidiary of Overstock.com.