Management Fact Sheet Sal L. Arnuk Partner & Co-Founder Sal Arnuk is partner, co-founder and co-head of equity trading of Themis Trading LLC. Mr. Arnuk has extensive experience in equities trading and is an expert in electronic trading and market structure. He is also the co-author of Broken Markets -- How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence. Prior to Themis, Mr. Arnuk worked for more than 10 years at Instinet Corporation, where he headed the team responsible for equity sales and trading for major institutional money managers. He is a frequent speaker at industry conferences on issues involving market access, algorithmic trading and other sell- and buy-side concerns such as Trader Forum, Waters, The National Organization of Investment Professionals (NOIP) and Fusion IQ's Big Picture conference. He has provided expert commentary for media outlets such as the Associated Press, BBC Radio, Bloomberg Television & Radio, BNN, CNBC, Fox Business, NPR, Barron’s, The New York Times, The Wall Street Journal, USA Today, Time, Los Angeles Times, Bloomberg News, Institutional Investor, Pensions & Investments and Advanced Trading. Mr. Arnuk also has co-authored articles for Traders Magazine, Dow Jones and Journal of Investment Compliance. Mr. Arnuk graduated from New York University’s Stern School of Business with an MBA in Finance and received a Bachelor’s Degree in Finance from SUNY Binghamton University. (FINRA Licenses: 7, 24, 55, 63) sarnuk@themistrading.com Joseph Saluzzi Partner & Co-Founder Joseph Saluzzi is partner, co-founder and co-head of equity trading of Themis Trading LLC, a leading independent agency brokerage firm that trades equities for institutional money managers and hedge funds. He is also the co-author of Broken Markets -- How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence. Mr. Saluzzi is a frequent speaker at industry conferences on issues involving market access, algorithmic trading and other sell- and buy-side concerns. He has provided expert commentary for media outlets such as CBS’s 60 Minutes, BBC Radio, Bloomberg Television & Radio, CNBC, Fox Business, BNN, The New York Times, The Wall Street Journal, USA Today, Reuters, Associated Press, Los Angeles Times and Bloomberg News. Mr. Saluzzi also has authored articles for Traders Magazine, Dow Jones and Journal of Investment Compliance. Prior to Themis, Mr. Saluzzi headed the team responsible for equity sales and trading for major institutional accounts at Instinet Corporation for more than nine years. He graduated from the University of North Carolina at Chapel Hill with an MBA in Finance and received a Bachelor’s Degree in Finance from New York University. (FINRA Registrations: 7, 24, 55, 63) jsaluzzi@themistrading.com Paul S. Zajac Partner & Co-Founder pzajac@themistrading.com Paul Zajac is partner and co-founder of Themis Trading LLC, a leading independent agency brokerage firm that trades equities for institutional money managers and hedge funds. Mr. Zajac focuses on the business and regulatory management of Themis' operations. Prior to Themis, Mr. Zajac worked at First Union Securities for five years as a fixed income portfolio manager and structured finance investment banker, after having started his career in finance in 1990 as a corporate banker. Previously, Mr. Zajac was an engineer working for the US Navy, specializing in developing technology for submarines. Mr. Zajac received an MBA in Finance from New York University’s Stern School of Business and received a Bachelor’s degree in Mechanical Engineering from Pennsylvania State University. (FINRA Registrations: 7, 24, 55, 63) pzajac@themistrading.com Navigating the New Electronic Landscape for Institutional Clients Member FINRA & SIPC | Regulatory Disclosures | Themis Brochure | Hosting and Development