Furqan Nazeeri Edit

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Furqan Nazeeri founded Pivot Solutions in 2004 after recognizing the potential to use innovative technology to solve a widespread financial industry problem that stems from inefficient communications. With Furqan's guiding vision, Pivot's IMTRADER platform, with patents pending, is now the leading AOL-certified, real-time communications, trading and research distribution solution on Wall...

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1. 1. Pivot: Integrated IM, Trade Communication and Collaboration Platform for the Financial Services Professional

   www.imtrader.com/articles/15ma - [Cached]

   Published on: 7/14/2008   Last Visited: 7/14/2008

   "Traders are using IM at home, and it has seamlessly migrated into their professional lives," says Furqan Nazeeri, CEO of Pivot Solutions, developer of a system called IMTRADER that converts instant into trade orders."IM use [in trading] has grown explosively in the last few years.This is one of the hottest trends on Wall Street."
   
   "Traders are using IM at home, and it has seamlessly migrated into their professional lives," says Furqan Nazeeri, CEO of Pivot Solutions, developer of a system called IMTRADER that converts instant into trade orders.
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   IM on the trading desk has taken off only in the last few years, according to Nazeeri, whose company, Pivot Solutions, was spun off in 2004 by Boston-based Eze Castle Integration, a technology developer and outsourcer for hedge funds and other institutions.The IMTRADER product allows for trading in a manner compliant with Securities and Exchange Commission rules, says Nazeeri, by turning instant messages into the standard FIX format for transmission between the buy side and sell side.
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   Nazeeri agrees that technology "is moving faster than Washington" but adds that vendors are rapidly developing solutions like IMTRADER, which integrates directly into an order management system (OMS)."The trader typically has three monitors on the desktop," he explains.
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   Nazeeri says that the network encompasses a total of 1,400 institutional traders, but that barely scratches the surface of a universe of approximately 100,000.There are a handful of other competing solutions, but IMTRADER has the biggest user base.
   
   Even if a firm has a system in place for logging and archiving IM orders, there are other ways that the practice can expose firms to risk.One stems from the high percentage of Wall Street firms that are using AOL's AIM®, which is also dominant in the consumer market.If a trader has access to an IM network that is outside the company and its technological controls, "that could create a risk," Nazeeri explains.

2. 2. SoftBank Capital

   www.softbank.com/pages/team/na - [Cached]

   Published on: 7/13/2008   Last Visited: 7/13/2008

   Furqan Nazeeri - Entrepreneur In ResidenceSoftBank Capital
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   Furqan Nazeeri - Entrepreneur In Residence
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   Furqan Nazeeri
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   Mr. Nazeeri joined SoftBank Capital in 2007.He is currently an Entrepreneur-In-Residence (EIR).As an EIR, Mr. Nazeeri helps SoftBank Capital evaluate and source investment opportunities while working with SoftBank Capital portfolio companies and searching for the next company to start and/or lead.
   
   Mr. Nazeeri previously founded Pivot Solutions in 2004 after recognizing the potential to use innovative technology to solve a widespread financial industry problem that stems from inefficient communications on the trading desk.With Mr. Nazeeri's guiding vision, Pivot's IMTRADER platform, with patents pending, is now the leading AOL-certified, real-time communications, trading and researching distribution solution on Wall Street and ranked by Securities Industry News as the 31st largest front office technology vendor and the 3rd fastest growing.
   
   Prior to Pivot, Mr. Nazeeri worked for Eze Castle Integration where he was CFO and EVP in charge of custom software development group which he ultimately spun-out as Pivot.He was also a co-founder of Altgate Capital, an international hedge fund consultancy.In addition, Mr. Nazeeri was a key part of three other start-ups including leading international joint ventures for Nasdaq-traded, automotive technology vendor Amerigon.
   
   Mr. Nazeeri holds a B.S.E in Aerospace Engineering from the University of Michigan and a M.B.A from Harvard Business School.Mr. Nazeeri writes about venture capital, enterpreneurship and other topics on his blog.

3. 3. pivotinc.com

   pivotinc.com/articles/22aug - [Cached]

   Published on: 8/22/2005   Last Visited: 6/13/2008

   Brokers can also purchase an enterprise license and run IMTrader inside their own infrastructure with minimal IT requirements, such as the addition of Dell servers running Microsoft Windows, says Furqan Nazeeri, president and CEO of Pivot Solutions.