Welcome!

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
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...