Walter Ferstand photo

Walter Ferstand

Director of Compliance and Regulatory Services

Walter Ferstand is a veteran compliance and regulatory expert with more than 30 years of capital markets experience in the broker/dealer and exchange side of the business. Prior to joining BestXStats, Walter was the Compliance Subject Matter Expert at both Redkite Financial Markets and NICE Actimize. He has also held senior-level compliance positions at Man Financial and Instinet, and served in market operations management capacities during a 10-year tenure with NASDAQ.

Mr. Ferstand specializes in cross-asset electronic and DMA trading requirements, including REG NMS 611, 605 and 606, OATS, TRACE, TRF, and MSRB Compliance Reporting. Mr. Ferstand also has extensive knowledge of the development, forensic testing and risk assessment of compliance programs in accordance with SEC, FINRA, and CFTC rules and regulations, including new and proposed rules.

As a compliance expert, Mr. Ferstand will work closely with BXS clients and prospects to evaluate, educate and advise on compliance requirements, ensuring each firm has the proper solutions to meet their specific business needs. His expertise in designing strategy and implementing strong business practices in accordance with Dodd-Frank and other regulatory initiatives for swaps, fixed income, commodities and equity/option instruments will be a great asset in helping firms develop and author policies and procedures. He will also be hosting frequent webinars on industry subject matter, best execution requirements, as well as SEC- Finra examination priorities.