John Lothian News has learned that Keith Todd, executive chairman, agency trading and processing at ION Trading has stepped down from his role at the company. In an exclusive interview with JLN, he said it was time to step aside after 14 years at the company, which has Ffastfill, Patsystems and Rolfe & Nolan among others under its operations.

Altogether, he spent 14 years with the Ffastfill and ION. Todd’s position has been filled by ION’s Silvio Oliviero, who has been working closely with him for the past several years. During Todd’s time at ION and Ffastfill, the company expanded its technology offering to include front, middle and back office technologies with a software as a service (SaaS) approach. The firm has also been spending resources on some major new product upgrades on its back office technology in that space as well.

“It’s time for me to step back,” he said. “The products are great and we’re in a very good position.”

As for Todd, he said he will still make some appearances at key conferences this year but Oliviero is now handling his prior duties. He also is looking at helping a couple of other technology companies, neither of which compete with ION.

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