Christian Chan, former head of electronic trading at agency broker Instinet’s Asia-Pacific operation, joined pan-Asian crossing network BlocSec as director of sales on 2 September. He is based in Hong Kong.
“Christian’s responsibilities as the director of sales will be to boost liquidity and continue to build on our client relationships from both the buy-and sell-side. He has done an excellent job in expanding alternative trading venues for the Asia-Pacific region,” Ned Phillips, CEO of BlocSec, told theTRADEnews.com.
Chan’s experience with crossing networks in the region was particularly attractive to BlocSec, said Phillips. While at Instinet, Chan had particular responsibility for developing the firm’s Asian liquidity pools, including JapanCrossing, CBX Asia and KoreaCross.
“People with a combination of sales, electronic trading and crossing experience are few and far between. Christian will be an excellent asset to the BlocSec product,” said Phillips.
Mark Brady assumed the position of head of electronic trading at Instinet Asia following Chan’s departure earlier this year.
BlocSec, owned by pan-Asian broker CLSA, was launched in 2008 and now trades equities listed in Japan, Singapore, Hong Kong and Australia.