Former CEO of multilateral trading facility (MTF) Turquoise, Eli Lederman, has joined the board of Swedish trading technology provider Tbricks.
Lederman was ousted from Turquoise in 2010 after the London Stock Exchange (LSE) bought a majority stake in the MTF, and subsequently lost a tribunal for unfair dismissal.
Since 2010, Lederman has written two novels, High Finance, a dramaticisation of events on Wall Street at the height of the 2008 financial crisis, and soon-to-be released From Pillar to Post, and has worked in private equity investments.
Prior to joining Turquoise as founding CEO, Lederman spent 14 years at Morgan Stanley where he helped establish new technology business for the firm across equity, debt and derivatives products.
“Vibrant financial markets are vital to the economic health of society, and Tbricks products fundamentally improve liquidity that is the lifeblood of capital formation,” Lederman said. “I look forward to participating as the company builds on its success and to helping the team to realise the full potential of their considerable intellectual resources,"
Tbricks currently runs at 25 client sites and its high-speed network is designed to support high-frequency trading firms.
In April last year the firm teamed up with agency broker Lime Brokerage to integrate their data and trading interfaces, giving clients access into US markets.