Purchase, NY, June 16, 2014 --(PR.com
)-- Plia Systems, Inc. announced today that it has acquired SJ Levinson & Sons, a broker-dealer specializing in transaction analysis and automated execution services in the US equity markets. SJ Levinson will become a wholly-owned subsidiary of Plia and retain its status as a FINRA-member broker-dealer. SJ Levinson will continue its current broker-dealer operations unchanged and uninterrupted.
Matthew Celebuski, formerly the head of SJ Levinson’s quantitative research and trading, and who previously held senior positions at Bear Stearns, JP Morgan and Merrill Lynch, will become the CEO of the combined organization, effective immediately. “The firm will continue to operate in the same manner, with the same broker-dealer operations, the same quality research, technology, and trading personnel, and a renewed focus on providing premier products and services to our clients. We are, in fact, the same broker with the same many years of operations. I look forward to the opportunity ahead,” said Mr. Celebuski.
Eric Moore, who previously held senior positions at Peak6, JP Morgan and Merrill Lynch, will become the President of the combined organization. “We are going to continue to build out today’s technology with additional dedicated resources and a committed investor group. At the same time, we will be expanding our execution capabilities with cutting edge tools and idea generation, while engaging clients in a continual conversation on the changing market environment,” according to Mr. Moore. Plia’s former CEO, Noah Kindler, will become head of the West Coast office. “I’m very excited by today’s announcement and the opportunity presented to the customers, employees and new investors,” said, Mr. Kindler.
SJ Levinson & Sons will add Plia's broker-management technology offering to the product suite, which focuses on optimizing buy-side execution practices as well as buy-side regulatory compliance.
The investor group financing the transaction consists of individuals and their controlled entities, and certain not-for-profit entities. Former heads of SJ Levinson & Sons, Matthew and Ethan Levinson, have left the firm.
About SJ Levinson & Sons:
SJ Levinson & Sons LLC is a privately-held firm headquartered in Purchase, New York, serving institutional clients worldwide via a vertically-integrated platform of cutting edge quantitative analytics, automated trading solutions, and execution services. SJ Levinson & Sons understands the challenges facing institutional clients in an increasingly complex global trading landscape and utilizes their collective market expertise and trading savvy to arm portfolio managers and traders with the sophisticated tools and visibility they need to gain transparency and outperform. SJ Levinson & Sons is a member of FINRA, NYSE and SIPC. For more information about SJ Levinson, go to: www.sjlevinson.com