Ashton Technology Group (fka ASTN)

[sarals]

Jeff O. Fossum
Jeff O. Fossum is Senior Vice President, Systems, for Ashton Technology.

Mr. Fossum leads all system engineering and integration activities for internal, external, and joint development. He also supports marketing, training, and operations in connection with new products and services.

Mr. Fossum leads the design, implementation, integration, testing, and operation of Ashton’s intelligent matching systems, including the eVWAP™ trading system which was completed in April 1997. He led the successful development of the Universal Trading System, a highly secure, fault tolerant, modular, and expandable client-sever infrastructure, which hosts eVWAP and future intelligent matching products. Mr. Fossum and his team designed and implemented a highly secure wide area network (WAN) that allows authenticated users to submit orders within seven seconds from anywhere in the world and is expandable to Internet/Extranet access. Mr. Fossum implemented the central database including the matching algorithms. In addition, he established system interfaces to the Philadelphia Stock Exchange (PHLX) PACE system, the national market data feeds, and PHLX settlement and clearing systems. Mr. Fossum has worked on requirements and designs for future products, briefed and demonstrated eVWAP to a variety of audiences, and acts as a liaison to the PHLX on technical matters.

Prior to joining Ashton, Mr. Fossum was a Senior Associate at Booz·Allen and Hamilton Inc. During his nine years at Booz· Allen, he helped establish and ultimately led the 50 person Advanced Computational Technologies Practice. Mr. Fossum and his staff were responsible for marketing, business development, and successful performance on over $10 million of federal and commercial contract work involving complex system design and implementation and the application of advanced computational technologies. For the military and intelligence community, he designed and developed advanced signal and speech processing and recognition systems. Mr. Fossum led the development of a commercial neural network development system with Motorola, Inc. This client-server system provided automatic parallel code generation from a graphical specification for an arbitrary number of 64-processor computer chips yielding real time execution for neural network applications. He also led the development of three large multimedia systems for federal law enforcement agencies and the military. These advanced systems integrated image, video, speech, fingerprint, and text capture into secure, distributed database environments that provided search and retrieval using advanced pattern recognition techniques for text, fingerprint, speech, and image data. Two of these systems received national recognition from their respective federal agency clients. In 1991, Mr. Fossum was part of a team that won the highly coveted Booz·Allen Professional Excellence award.

Prior to joining Booz·Allen, Mr. Fossum was an artificial intelligence (AI) software engineer with Loral Advanced Projects in Reston, VA, where he developed neural network-based radar identification systems. Prior to Loral, Mr. Fossum was an AI software engineer with Contel Spacecom in Gaithersburg, MD where he developed expert system-based, satellite control software for NASA’s Tracking and Data Relay Satellite System. Prior to Spacecom, Mr. Fossum was a computer scientist with NASA’s Goddard Space Flight Center in Greenbelt, MD where he developed ground support and flight software for sounding rockets and space shuttle-based satellite payloads.

Mr. Fossum is a recognized expert in the field of neural networks and has been a lecturer to government, industry, and academia, including the Artificial Intelligence Institute in Ulm, Germany. He has authored or co-authored several scientific papers and publications. He received a Bachelor’s degree in Computer Science from North Dakota State University and a Master’s degree in Computer Science from the George Washington University in Washington, DC.

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