Click here to close now.

SYS-CON MEDIA Authors: Leon Fayer, Ruxit Blog, Carmen Gonzalez, Kevin Jackson, Peter Silva

News Feed Item

MONEY.NET Names Morgan Downey as New CEO

NEW YORK, Feb. 5, 2014 /PRNewswire/ --­­ Money.Net, the real-time market information platform for investors, today announced the appointment of Morgan Downey as Chief Executive Officer.  In this role, he will assume overall responsibility for Money.Net, including all lines of business and all functional groups within the Company.

(Photo: http://photos.prnewswire.com/prnh/20140205/NY59074)

In his nearly 20 years in financial markets, Morgan Downey has held a variety of leadership positions.  Prior to Money.Net, Downey was Global Head of commodities at Bloomberg LP for several years. In this capacity, Downey managed development and content of the Bloomberg Professional terminal.  Before Bloomberg, Morgan spent 15 years running trading desks for banks, including Citibank, Bank of America and Standard Chartered, in the US, UK, Australia, and Singapore.  Morgan is also the author of the 2009 book 'Oil 101', a bestseller explaining the oil industry.

"I am honored to have been chosen to lead Money.Net." said Morgan Downey. "Money.Net's focus on execution makes it the perfect base to use as a springboard from which to rapidly build out an advanced, ultra-low price product that addresses a large unserved market.  Expectations of over 30 million investors in the US, and many others around the world, have increased and they have not been offered a solution."

"The lines have blurred between the needs of affluent retail investors and institutional professional traders. There is nothing out there. There are a lot of mediocre, partial, and expensive solutions. This is a market long overdue for disruption." said Downey.  "Disruption is possible now as the cost of delivering an experience which wows customers has fallen so dramatically." 

Founder and prior Money.Net CEO Harold Louis ("HL") Van Arnem will assume the role of Executive Chairman, and will continue with the firm to help guide development of new technology and Money.Net's long-term opportunities.

"We want to thank HL for his leadership and strategic vision." said Downey. "His innovations include being the first to provide streaming real-time quotes to investors over the internet at an affordable price. He has guided Money.Net through extraordinary growth and change during his tenure as CEO."

In his role as Executive Chairman, Van Arnem will remain an employee of the Company and will help guide its future strategies and direction. "At its heart, Money.Net is a company of inventors and entrepreneurs and I'm excited by the opportunities that lay ahead as we continue to push the boundaries of technology in finance" Van Arnem said. "I want to congratulate Morgan on his new role. I have the utmost confidence in him and in the rest of the team."

About Money.Net Inc.:

Real time markets for investors.  Money.Net offers the only complete market data platform providing live real time, professional grade market information to investors and traders at the low rate of just $50 per month. Money.Net leveled the playing field for the retail investor by introducing the first online streaming real­ time portfolio tracker. This was the first time individual investors could access streaming real time market information over the internet. Today, Money.Net is the base from which we are launching a disruptive financial information platform - advanced, yet simple to use, with a rich, deep, content and feature set, at an ultra-low price. Money.Net is a privately held company based in New York City.

Contact Information:

Sales & Licensing: [email protected]
Press Contact: [email protected]
Company Website: www.money.net
Twitter: www.twitter.com/Money_Net
Facebook: www.facebook.com/www.money.net

RELATED LINKS

www.money.net

 

 

SOURCE Money.Net Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabili...
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
WSM International is launching a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. This is the first independent services company to create a dedicated practice to help organizations looking to transition to the DevOps model. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of ...
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things...
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
DevOps tasked with driving success in the cloud need a solution to efficiently leverage multiple clouds while avoiding cloud lock-in. Flexiant today announces the commercial availability of Flexiant Concerto. With Flexiant Concerto, DevOps have cloud freedom to automate the build, deployment and operations of applications consistently across multiple clouds. Concerto is available through four disruptive pricing models aimed to deliver multi-cloud at a price point everyone can afford.
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed...
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...