FARID NAIB, Chairman of the Board

Mr. Naib has 25 years of experience in the financial technology industry as an entrepreneur, investor and manager. He is also currently Chairman of Document Depository Corporation, a SaaS company for data management solutions for the private capital industry, a company he founded in 2000, and a board member of Align Alytics. Mr. Naib served as Director of Gain Capital prior to its initial public offering in December 2010. Previously, he founded FNX Limited, a leading provider of global over-the-counter trading technology to the world’s largest financial institutions. FNX was acquired by GL Trade (now part of SunGard) in 2007. Mr. Naib also has served as an Entrepreneur-in-Residence at The Wharton School of the University of Pennsylvania.


Mr. Hollin is a partner at LLR Partners, a Philadelphia-based private equity firm with over $2.0 billion of capital under management. Prior to joining LLR Partners in 2000, Mr. Hollin was a co-founder and managing director of Advanta Partners, an investment firm focused on the financial services industry. He began his private equity career at Patricof & Co. Ventures, which is now Apax Partners. In addition to Lightspeed, Mr. Hollin serves as a director of Good Harbor Financial, Healthcare Finance Group, Heartland Payment Systems (NYSE:HPY) and Ultimus Fund Solutions. Previously, he served as a director of CyberShift, Fleet One, Peachtree Financial, Princeton Softech and Prophet 21.


Mr. Morrissey is a partner at LLR Partners, a Philadelphia-based private equity firm with over $2.0 billion of capital under management. Prior to joining LLR Partners in 2004, Mr. Morrissey was an associate at Advanta Partners, an investment firm focused on the financial services industry. He began his career in the investment banking division of Merrill Lynch. In addition to Lightspeed, Mr. Morrissey’s current portfolio coverage includes Good Harbor Financial and Ultimus Fund Solutions. He previously served as a director of Fleet One.


Mr. Robert Philip Forlenza, is Senior Partner at Spring Lake Equity Partners LLC. Mr. Forlenza also serves as Managing Director of Tudor Investment Corporation – Trading Advisor of Tudor Fund For Employees LP. He is also a Managing Partner at Tudor Growth Equity. Mr. Forlenza joined Tudor Growth Equity in 1994 and focuses on investments in software, business services, and financial technologies sectors. Mr. Forlenza served as Managing Partner of Tudor Investment Corporation’s private equity group since 1995. Mr. Forlenza founded Thorne Holding Corp in 1995. Previously, Mr. Forlenza served as a Vice President at Carlisle Capital from 1989 to 1994, where he played a key role in the acquisition and management of several plastics companies, which were consolidated to form Carlisle Plastics. He also served as a Management Consultant at Bain and Company where he worked in a variety of industries including communications services, financial services, and information technology. Mr. Forlenza was also an Executive with the American Management Company where he initially served as Chief Financial Officer and was later appointed Chief Executive Officer. He was a Director at Allegro Development Corporation since January 2010. He served as Director at Enherent Corp. since November 1996. He has vast years of investing and operating experience. Mr. Forlenza received an M.B.A. from Harvard Business School in 1982 and a B.S. in Accounting and Business Administration from the Washington and Lee University in 1978.


Mr. Maschler is the Chairman of Trillium Trading, a premier proprietary trading fund that excels in short-term equity trading and portfolio management. In addition, he is the manager of Trillium Asset Management, a multi-strategy, medium-term trading and investment fund that focuses on distressed opportunities in the financial markets. In 2007, Mr. Maschler co-founded Lion Cave Capital, a proprietary trading firm staffed by a world-class team of computer scientists. In 2001, he founded Hubb Solutions, a retail direct market access broker-dealer catering to high frequency, intra-day quantitative hedge funds, which was later merged into Lightspeed.

LON GORMAN, Director

Mr. Gorman served as the Vice Chairman of Charles Schwab from July 1999 until November 2004. Prior to Charles Schwab, he spent 16 years at Credit Suisse First Boston, where he was a managing director and Head of Global Equity Trading. Previously, he was a partner at F. Eberstadt & Co. with responsibility for institutional sales and trading. From May 2003 until May 2012, Mr. Gorman served as a director of NASDAQ OMX. In addition, Mr. Gorman was the Chairman of NYFIX, a financial technology company focusing on electronic trading and straight-through processing solutions for the brokerage community, from September 2006 until December 2009.