Larissa Tosch is VP and CIO at Glatfelter Insurance Group. She began her career at Glatfelter as a developer, led technical teams, spent a year on the business side, and formed the company’s Project Management Office (PMO). She was named one of the Top 10 Women in Insurance Leadership by Digital Insurance in 2017.
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As the sun rises on 2019, it will also be shining on a new equities exchange application. The launch of Members Exchange (MEMX), founded by a consortium of nine financial services firms, was announced this week, and according to the press release, it will apply for U.S. Securities and Exchange Commission (SEC) approval in early 2019. Given the IEX exchange application approval and the public fights between the incumbent exchanges and their members, the introduction of a new exchange application should be no surprise. There are already 13 exchanges and over 45 equity alternative trading systems (ATSs) operating in the U.S.; MEMX will make number 14.