Technology/R&D

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NY: Thesys Technologies Moves to New HQ in Midtown Manhattan

2 Oct, 2017


Thesys Technologies, LLC, the leading big data and market structure technology provider subsidiary of Tradeworx, Inc, announced it has moved its offices to a new corporate headquarters at 1740 Broadway, located in a 26-story Class-A office tower in Midtown Manhattan on the 14th floor. Thesys Technologies, LLC is currently occupying space at 3 Columbus Circle in Manhattan, NY. The move to its new corporate headquarters will take effect in November 2017 and signals the Company's rapid expansion. The new location will also include a separate office space for its newly established affiliate Thesys CAT LLC at 1740 Broadway.

Headquartered out of NY since its inception in 2009, Thesys Technologies has experienced fast-paced growth throughout 2017, mainly as a result of its win to build a Consolidated Audit Trail (CAT), a Securities Exchange Commission (SEC) mandated data system. As a result, Thesys Technologies established Thesys CAT LLC, a separate legal entity, which is building CAT to house the world's largest financial database including equity and option orders data throughout their lifecycle from exchanges and broker-dealers.

Mike Beller, CEO, Thesys Technologies said, "These are exciting and dynamic times for our organization. The move to a new corporate headquarters reflects the hard work and commitment of our employees, who have all contributed to our rapid growth. The recent strategic wins for our business have contributed to our overall success, bottom line and fueled a new energy for instrumental recruits to both Thesys Tech and Thesys CAT causing us to outgrow our current space. The new location includes a separate home for our recently established entity Thesys CAT LLC, which will be based in its own independent office space," added, Beller.

Jonathan Schwartz, chief financial officer of Thesys Technologies, commented,  "We are pleased to have found a cutting-edge home that closely aligns with our current office needs and fits into our overall innovative corporate culture. It has been a pleasure teaming up with Equity Office and The CBRE Group for this new lease in the heart of NYC. This move is a great milestone for Thesys and we are certain it will have a positive impact on our operations as we continue to evolve our business."

The CBRE Group was retained by Thesys Technologies to lead and manage the lease process with Equity Office. The new space is part of a successful prebuilt campaign by Equity Office at 1740 Broadway, designed with a contemporary vibe and featuring open floor designs and exposed ceilings.

Built in 1950, 1740 Broadway was designed by architectural firm Shreve, Lamb & Harmon, the same firm that designed the Empire State Building. Acquired by Equity Office in 2014, the 620,000-square-foot tower features a brand new entrance and lobby and is conveniently located in the heart of Midtown.

About Thesys Technologies, LLC: Thesys Technologies, LLC is a Market Structure Technology provider, focused on delivering high performance trading technologies and big data solutions to financial market participants. Thesys' technology includes pre- and post-trade surveillance tools, low latency trading platforms, matching engines, and big data analytical tools such as those provided to the U.S. Securities and Exchange Commission as the MIDAS system. Thesys Technologies, LLC is headquartered in New York with offices in Charleston, South Carolina.

About Thesys CAT LLC
Thesys CAT LLC is a subsidiary of Thesys Technologies, the leading big data solutions and market structure technology provider, and Plan Processor for the Consolidated Audit Trail.

For more information on Thesys Technologies, LLC, please visit the website at www.thesystech.com.

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