Ashton Technology Group (fka ASTN)

[sarals]

William W. Uchimoto
William W. Uchimoto is Executive Vice President, General Counsel, and Director of Ashton and UTTC. He is President of UTTC’s NextExchange.

Prior to joining Ashton in 1997, Mr. Uchimoto was Senior Vice President and General Counsel of the Philadelphia Stock Exchange, Inc. (PHLX), and its subsidiaries from 1986 to 1997, serving as the PHLX’s representative to joint industry associations relating to National Market System (NMS) facilities such as the Consolidated Tape Association, the Intermarket Trading System (ITS), and the Options Price Reporting Authority.


As an executive officer of the PHLX, Mr. Uchimoto represented the Exchange and its clearing agency subsidiaries before all regulatory bodies, including the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission and Board of Governors of the Federal Reserve System. Mr. Uchimoto is recognized as an expert on NMS issues and penned virtually all of the PHLX's comment positions on market structure and regulatory issues. He negotiated the PHLX’s participation in the over-the-counter/unlisted trading privileges (OTC/UTP) Plan and drafted the exchange’s positions respecting options market linkages, and directed all legal/regulatory work on new trading systems and listed products.

From 1981 to 1986, Mr. Uchimoto was an attorney in the SEC's Division of Market Regulation. While at the SEC, Mr. Uchimoto worked on market structure issues such as developing the Congressionally mandated NMS, and drafted the OTC/UTP release (permitting exchanges to trade NASDAQ securities) and permanent approval order for the National Securities Trading System, which was the first fully electronic exchange.

At the SEC, Mr. Uchimoto also drafted the permanent approval order for the ITS, and approval orders for the New York Stock Exchange’s SuperDot System and the National Association of Securities Dealers’ (NASD) Small Order Execution System. He also provided critical input and drafted significant releases on the terms and conditions upon which the Institutional Networks Corporation could compete with the NASD in distributing full NASDAQ market maker quotations to professionals and the public.

Mr. Uchimoto is a frequent conference speaker on best execution and market regulation topics. He also is a lecturer to the International Law Institute in Washington, DC. He periodically has been on the adjunct faculty of several Philadelphia area law schools, teaching courses in Securities Regulation.

Mr. Uchimoto received his law degree from the University of California, Hastings College of Law (1981) and his Bachelor’s degree in Economics from the University of California at Davis (1978). Mr. Uchimoto is a member of the California Bar and the U.S. Court of Appeals for the Ninth Circuit.

http://www.ashtontechgroup.com/aleaders/uchimoto.html