As
Liquidnet continues to expand its global listed derivatives offering, the firm has made a significant addition to its team by hiring Alex
Grinfeld, a former Executive Director at Morgan Stanley, to co-head its futures
business in the Americas.
Grinfeld
joins a noteworthy roster of senior futures sales traders and analysts who have arrived at Liquidnet since 2022 as the firm expands its global listed
derivatives offering.
Prior to
his 11-year tenure at Morgan Stanley, Grinfeld spent 5 years as a Vice President at Goldman Sachs for Futures and Derivatives Sales Trading. He will work alongside Brian Cashin, who joined Liquidnet in March 2022
from Bank of America, to lead the futures division in the Americas.
“Alex
joins us at an exciting time in our journey, his extensive experience will be
integral as we launch new technology and further develop our execution
services,” said Mike du Plessis, the Global Head of Listed Derivatives at
Liquidnet.
The hiring
of Grinfeld comes as Liquidnet recently launched solutions such as pre and
point-of-trade analytics to help inform traders’ decision-making processes and
support automation. Historically, banks have dominated providing
solutions and executions to the buy side, but Liquidnet is looking to disrupt
this trend with its innovative offerings.
“It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions,” du Plessis commented.
Liquidnet’s Similar Moves
in Europe
Liquidnet’s
senior hires in the US reflect similar moves in Europe, where the firm hired
Dan Noorian and Darren Smith from UBS 18 months ago to lead the then-recently
established Liquidnet Listed Derivatives team in London. Like their Liquidnet
Americas counterparts, the duo bring extensive futures experience, having
spent nearly 15 years each at the Swiss bank.
In the
meantime, the company enhanced its platform with artificial intelligence
solutions offered by BondIT. The partnership aims to enhance market insights
for Liquidnet’s 700+ fixed-income firms.
The
inter-dealer broker TP ICAP, which is the owner of Liquidnet, recently reported a 2023 financial numbers and extended its share buyback program by £30 million.
The company showed a net income of £227 million, which was 28% lower than in
2022.
As
Liquidnet continues to expand its global listed derivatives offering, the firm has made a significant addition to its team by hiring Alex
Grinfeld, a former Executive Director at Morgan Stanley, to co-head its futures
business in the Americas.
Grinfeld
joins a noteworthy roster of senior futures sales traders and analysts who have arrived at Liquidnet since 2022 as the firm expands its global listed
derivatives offering.
Prior to
his 11-year tenure at Morgan Stanley, Grinfeld spent 5 years as a Vice President at Goldman Sachs for Futures and Derivatives Sales Trading. He will work alongside Brian Cashin, who joined Liquidnet in March 2022
from Bank of America, to lead the futures division in the Americas.
“Alex
joins us at an exciting time in our journey, his extensive experience will be
integral as we launch new technology and further develop our execution
services,” said Mike du Plessis, the Global Head of Listed Derivatives at
Liquidnet.
The hiring
of Grinfeld comes as Liquidnet recently launched solutions such as pre and
point-of-trade analytics to help inform traders’ decision-making processes and
support automation. Historically, banks have dominated providing
solutions and executions to the buy side, but Liquidnet is looking to disrupt
this trend with its innovative offerings.
“It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions,” du Plessis commented.
Liquidnet’s Similar Moves
in Europe
Liquidnet’s
senior hires in the US reflect similar moves in Europe, where the firm hired
Dan Noorian and Darren Smith from UBS 18 months ago to lead the then-recently
established Liquidnet Listed Derivatives team in London. Like their Liquidnet
Americas counterparts, the duo bring extensive futures experience, having
spent nearly 15 years each at the Swiss bank.
In the
meantime, the company enhanced its platform with artificial intelligence
solutions offered by BondIT. The partnership aims to enhance market insights
for Liquidnet’s 700+ fixed-income firms.
The
inter-dealer broker TP ICAP, which is the owner of Liquidnet, recently reported a 2023 financial numbers and extended its share buyback program by £30 million.
The company showed a net income of £227 million, which was 28% lower than in
2022.
