Speed-Trading Pioneer Daniel Tierney Resigns From KCG Board

  • KCG appoints Debra Chrapaty, Alex Rampell to its board
  • Tierney and fellow founder Schuler have sold KCG shares
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One of the founders of high-speed trading pioneer Getco, Daniel Tierney, has resigned from the board of KCG Holdings Inc., the company created when Getco saved a struggling brokerage.

KCG announced Tierney’s departure and the appointment of two new board members, Debra Chrapaty and Alex Rampell, in a releBloomberg TerminalasBloomberg TerminaleBloomberg Terminal on Friday. The changes take effect immediately, the company said.