We offer a suite of financial technology services to increase broker dealer profits & productivity.
Launched in 2010, SpeedRoute provides broker-dealers the ability to cost effectively and intelligently navigate the U.S. Equity Markets. Clients maximize profitability through reduced costs, more efficient access to venues, greater speed, and streamlined processing. Led by some of the most experienced people in the financial technology sector, formerly from Sonic, Bank of New York, Merrill Lynch, Herzog Heine & Geduld , Nasdaq and other leading firms. Our senior management averages over 28 years of experience with over $20 Million invested in technology and infrastructure.
What We Do:
SpeedRoute provides services to Broker Dealers focused on the routing and execution of U.S. equities. Our technology is domiciled in NY4. We are integrated with a majority of the leading Front-Ends and Order Management Systems as well as numerous proprietary order execution systems. These integrations allow our clients to connect to every U.S. Equity Exchange, over twenty dark pools and other off-exchange liquidity sources. We pride ourselves on reducing the overall cost of execution, concentrating on minimizing fees/optimizing rebates as well as delivering quality executions. SpeedRoute provides custom smart routing solutions to execute in both lit and dark markets in order to achieve our clients’ goals. We understand that there are various different trading styles, strategies and types of order flow, each demanding different functionality and routing logic in order to be executed in the most efficient and economic manner. Whether you are a trader looking for a most cost-effective route to take liquidity, a boutique broker looking to receive top tier rebates or a sophisticated algo provider looking to optimize the execution quality of your child orders, while minimizing market impact - SpeedRoute can help.
There are currently twelve U.S. equity exchanges, over forty dark pools and hundreds if not thousands of other liquidity providers. SpeedRoute helps firms and traders that are struggling with market fragmentation and increasingly complex order types. One connection into SpeedRoute allows you access to over forty sources of liquidity while minimizing the costs associated with order execution. While executing intelligently at exchanges is important, SpeedRoute focuses on developing technology to effectively source all available liquidity across most disparate pools of liquidity. Speedroute has developed relationships with a majority of the largest and most active dark pools and is continually reaching out to grow its network of liquidity providers. In order to achieve the best execution, broker dealers need to connect to a majority of these pools, understand how to best utilize the available order types and incorporate exchange fee schedules into routing decisions. This knowledge of equity market structure and regulation is needed to develop fast, intelligent and compliant order routing technology. Speedroute's leadership team, relationships and network of liquidity providers coupled with their intelligent routing technology allows broker dealers the ability to execute trades efficiently and cost effectively by establishing a single connection into SpeedRoute.
Our Executive Team
Ralph A. Daiuto Jr. President & General Counsel
Ralph is an accomplished attorney and business leader with over two decades of experience in the securities industry, establishing and managing several broker-dealers and innovative technology companies and overseeing their daily operation, including legal, compliance, and regulatory matters.
Ralph is currently the Chief Operating Officer of tzero.com Inc., a fintech subsidiary of Overstock.com, itself a publicly-traded company. T Zero, is a world pioneer of Blockchain based technology. Ralph is also the General Counsel of SpeedRoute, LLC and PRO Securities, LLC, both T Zero subsidiary broker-dealers registered with FINRA & SIPC.
Ralph obtained his Juris Doctorate degree from the Fordham University School of Law and his Bachelor of Science degree, awarded cum laude, from the State University of New York at Albany, where he majored in Business Administration with a concentration in Finance.
Ralph holds various Securities licenses, including the Series 7, Series 24, Series 57, Series 63, and Series 99. He is admitted to practice law in the states of New York and New Jersey, as well as the U.S. District Courts in the Southern and Eastern Districts of New York and the District of New Jersey.
Brian Capuano Chief Compliance Officer
Brian’s years of diverse industry expertise and experience is pivotal in understanding client needs and demands. This experience has helped to maintain client relationships throughout numerous business transitions. He has twenty-plus years of trading floor experience at Philadelphia Stock Exchange working in a fast paced trading environment for major firms. He manages trading operations and also oversees client onboarding, route optimizations as well as regulatory issues as they pertain to trading and other related functions.
Steve Bailey Controller
Mr. Bailey is Controller for tZERO and Chief Financial Officer and the FINOP of both SpeedRoute and PRO Securities. He has worked in the finance department or on securities lending trading desks of various banks and broker-dealers for over 20 years in London and New York. Prior to working in London, he was a Senior Investigator with the Inland Revenue Department in New Zealand.
Alex Vlastakis Chief Operating Officer
Alex Vlastakis is Chief Operating Officer of SpeedRoute, an electronic broker dealer focused on improving the infrastructure and connectivity for high volume trading. He brings over 17 years of experience in institutional business development including international and domestic order routing, trading systems and brokerage. He also holds the title the Chief Administrative Officer of tzero.com, Inc., Speedroute’s parent company. His comprehensive understanding of market structure, technology, and institutional clients make him instrumental to Speedroute’s operations.
Alex was formerly with Bank of New York through multiple positions and acquisitions, consistently stabilizing client retention and operations. He joined SpeedRoute in 2014, and was directly involved in the sale of SpeedRoute and its affiliates to Overstock.com with responsibilities for preparing extensive due diligence, responses to investor and attorney requests, and facilitating a smooth and successful transaction.
He holds a Bachelor of Science in Finance from St. John’s University and FINRA licenses 7, 24, 55 and 66. He is an avid runner, adventure race enthusiast and scuba diving professional, and is a Founding Member of the Tree of Life Fund for the Holy Trinity Greek Orthodox Church.