Fixed income industry specialist joins buy-side tech firm THETA as advisor  

New strategic sales advisor has worked in fixed income sales management across Societe Generale, HSBC, Citi, and Deutsche Bank.

Buy-side trading technology as a service provider THETA has appointed a fixed income industry expert as a strategic sales advisor. 

Paul Flanagan joins THETA in the new role and will be responsible for managing THETA’s relationships with asset managers, hedge funds, fund managers and pension funds. 

He has an extensive fixed income sales career working on the sell-side, most recently at Societe Generale in global rates sales for over five years.

Flanagan also worked in sales management at HSBC for nearly six years, in global market sales at Citigroup for two years and notably for 12 years in fixed income sales at Deutsche Bank. 

He joins THETA ahead of its planned launch of a cloud native software as a service (SaaS) super aggregator buy-side order and execution management system (OEMS), known as Apollo, which is expected to take place later this year.

The system is aimed at addressing gaps in market structure and the trading landscape, offering liquidity aggregation and trading in the fixed income markets, with foreign exchange capabilities to be added later this year and equities next year.

THETA claimed it has already built trading and data connectors for MarketAxess, Tradeweb, MTS BondVision, UBS Bond Port, Neptune, BondCliQ, IHS Markit, ICE Data Services, and Refinitiv. 

“THETA provides an ideal technology platform to automate their electronic trading workflows together with actionable integrated pre-trade pricing data,” said Flanagan.

“From initial discussions with market participants, there is already a great deal of interest in THETA’s super aggregator, Apollo. I am confident that by introducing Apollo to my industry relationships we will quickly extend distribution to an extensive group of institutional investors.”

His appointment is the second made by THETA in the last year after it appointed a senior business development executive from Bloomberg to scale up the business ahead of the Apollo launch.