xCelor – CHICAGO – xCelor, a leading provider of low-latency trading solutions, has announced that it has appointed Mr. Vijay K. Aggarwal as Chief Executive Officer.  Mr. Aggarwal is responsible for driving the company’s vision, strategy and product innovation as the company continues to grow.

“We are thrilled to welcome Vijay to the xCelor team.  As a proven leader and industry veteran, he will play a critical role in executing on our growth strategy,” said Robert Walker, CTO, xCelor. “As race to zero latency infrastructure continues to be challenging for existing vendors to deliver on, so Vijay’s holistic network view of end-to-end lowlatency solutions will uniquely and competitively position xCelor as a market leader.”

Mr. Aggarwal brings over 30 years of proven experience leading and building hardware technology companies to xCelor. He joins xCelor from CSP Inc. (NASDAQ:CSPI), where he served as VP of Worldwide Sales and Business Development.  In this position, Mr. Aggarwal was responsible for overseeing the global sales of CSP’s existing Myricom products, spearheading the development financial technology channel and OEM sales.  Prior to CSPi, he was Vice President of Business Development and Co-founder of Tilera Corporation, where he built markets for many core processors in China, India, Russia, Europe, Israel as well as Tilera’s federal government business — significantly exceeding sales targets for over five years.

“With investment  in new products and technologies, xCelor continues to target proprietary trading firms, market makers and low-latency service providers enabling them to reduce overall, end-to-end latencies,” said Mr. Aggarwal, CEO, xCelor.  With an experienced team in trading, trading technology and infrastructure, xCelor is in a strong position to be a leader in this ever-changing market.”

Building on its innovation, xCelor will soon unveil its new Symbol Switch™ at FIA October 18-20 in Chicago.  To set up a meeting at FIA to learn more about this new offering, email jennifer@xcelor.net.