Trading software vendor GL TRADE has appointed Hugues Deroubaix as director of its buy-side businesses.
His role will be to manage the design and development of execution software products for buy-side traders.
“The buy-side community has been very enthusiastic about GL EMS since its launch at the end of 2006,” says Vincent Burzynski, group managing director for front-to-back solutions at GL TRADE. “Hugues’ expertise in execution and algorithmic trading solutions is clearly a major advantage in establishing GL TRADE as a key supplier to the buy-side community. Hugues’ appointment to head this business area reflects GL TRADE’s commitment to this market,” he adds.
“My aim is to provide buy-side traders with trading software that offers the same performance and sophistication as the solutions that I developed over several years for the sell-side,” notes Deroubaix. “The creation of a team with a sole focus on this area creates the ideal conditions to allow GL TRADE to enhance its position in this market,” he continues.
Deroubaix, 38, is a graduate of HEC and joined GL TRADE’s client services team in 1998. He occupied a number of posts within the company before becoming director of trading products, where his responsibilities included the development of the group’s flagship GL WIN product. Whilst in this post, Deroubaix was also responsible for initiating and running the development of GL EMS, the execution management system designed specifically for buy-side institutions.