Ex-NYSE Tech Chief is Joins Gemini Tribe

Ex-NYSE Tech Chief is Joins Gemini Tribe

Former New York Stock Exchange (NYSE) Chief Information Officer Robert Cornish has formally joined Gemini Trust Company, LLC as the cryptocurrency exchange’s first chief technology officer. 

Gemini said in a statement that Cornish, who will begin working for them later this month, shall be responsible for leading the firm’s technology group and strategy. Moreover, Cornish will be supervising the deployment of Nasdaq’s SMARTS Market Surveillance, a technology utilized for market surveillance, enabling them to monitor across all of its order books. 

Cornish will also be in-charge of the “Gemini Auctions, which are used to determine the settlement price for the Bitcoin (USD) Futures Contracts that trade on Cboe Futures Exchange, LLC under the ticker symbol “XBT.” 

“Rob is a tremendous addition to our team. He will ensure that Gemini continues to deliver the best platform experience to our customers as possible and set the standards of excellence for the cryptocurrency industry as a whole. Rob is globally recognized for his abilities in leading high-performing engineering teams, his expertise in exchange and matching-engine architecture, and running high-throughput platforms that are both secure and resilient,” Tyler Winklevoss, chief executive officer of Gemini, said in a statement. 

The announcement comes after Gemini became the first Zcash exchange in the world upon securing the license from the New York State Department of Financial Services (NYDFS). It also secured regulatory approval to offer Bitcoin Cash and Litecoin for trading and custody that shall become available in the succeeding months. 

At present, Gemini, a limited purpose trust company founded in 2014 by Cameron and Tyler Winklevoss, operates under a banking charter in New York although it is yet to receive BitLicense from state authorities. 

“We have been working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company,” Eric Winer, Gemini’s vice president, said in May. 

Offering custody services and trading of zcash, litecoin and bitcoin cash, considered an emerging cryptocurrencies, to Gemini denotes their commitment to advancement, according to Maria Vullo, DFA superintendent. 

“This action continues New York’s longstanding commitment to innovation and leadership in the global marketplace. With smart and thorough regulatory oversight, the development and long-term growth of the industry will remain thriving,” Vullo said at that time. 

“Gemini can launch Zcash trading immediately, subject to ongoing supervision by the state,” the New York State DFS had stated. 

“We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash, an incredible new form of digital cash,” Winklevoss previously said.

Gemini is a digital asset exchange and custodian enabling its customers to purchase, sell, and store virtual assets. It first received the trust charter from the DFS in October 2015, allowing it to operate a virtual currency exchange in New York.

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