NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) -- The Operating Committees of the Securities Information Processors announced the addition of a new member to the Advisory Committee, Steve Miele, Chief Strategy Officer of LeveL ATS.

“On behalf of the Operating Committees, I would like to welcome Steve and thank him in advance for the work he will put into this role and the insights he will offer,” said Bob Books, Chairman of the SIP Operating Committees. “It is a testament to our industry that we routinely have extremely busy executives who are willing to devote time to important industry matters.”

The SIP Advisory Committee meets quarterly with the CTA and UTP Operating Committees and the Securities and Exchange Commission (“SEC”) to review SIP performance and discuss policy matters. The 11-member Advisory Committee represents the diverse viewpoints of the marketplace, with representatives from the retail investment community, the vendor community, the institutional brokerage community and the ATS community.

ABOUT STEVE MIELE

Steve Miele is the Chief Strategy Officer of LeveL ATS, an independently operated US Equity Alternative Trading System that provides a continuous crossing platform in a highly stable dark pool environment. Prior to joining LeveL ATS, Mr. Miele was an Equity Trader for Fidelity Capital Markets on the Boston Stock Exchange. Mr. Miele has an MBA from The Franklin W. Olin Graduate School of Business at Babson College and an MS from Babson College. He also holds the series 7, 24, 55, 63, and 99 licenses.

ABOUT THE SIPS

The “SIPs” (Securities Information Processors) link the U.S. markets by processing and consolidating all protected equities bid/ask quotes and trades from every registered exchange and FINRA’s Alternative Display Facility (ADF) into a single, easily consumable data feed. The SIPs are an asset unique to U.S. market structure and play a critical role in making the U.S. equities markets transparent and accessible to investors worldwide.