PDQ Enterprises names new CEO

Business Wire

GLENVIEW - The board of managers of PDQ Enterprises, operator of a U.S. equity trading platform that utilizes a patented on-demand auction trading process, has named Donald Ross III, as CEO.

Don Ross will succeed D. Keith Ross, Jr., whom the PDQ board of managers elevated to executive chairman.

As chief strategy officer, Don Ross headed PDQ Enterprises' research and development division where for the last two years he oversaw the creation of an advanced liquidity analytics and execution platform for institutional clients.

Prior to joining PDQ, Don Ross spent the majority of his career at GETCO, LLC, now KCG Holdings, including serving as head of North American equity trading, where he oversaw both trading and technology development for liquidity services across all listed securities in the U.S. and Canada. At the peak of his tenure, that 60-person division represented a significant percentage of US equity market volumes, and pioneered advanced trading technologies that would lead to dramatic improvements in the quality of markets for public investors.

"Since Don joined as chief strategy officer, that focus has intensified, leading to the development of sophisticated tools and analytics that will provide institutional subscribers with previously unavailable insight into liquidity profiles and market dynamics," said D. Keith Ross.

In conjunction with these initiatives, PDQ Enterprises also announced that PDQ ATS, Inc., its wholly-owned broker-dealer entity, will now be known as CODA Markets, Inc., an acronym that stands for Centralized On-Demand Auctions.