Instinet has hired Tony Necakov as chief technology officer to help the firm continue to grow its global trading business.
Necakov has over 20 years of experience developing trading platforms and joins Instinet from Bank of America Merrill Lynch, where he headed up its global equities high touch trading technology group.
He has worked in senior trading technology roles for numerous Wall Street investment banks, including JP Morgan, Bear Stearns and Goldman Sachs. He also previously worked for Instinet.
Jonathan Kellner, CEO at Instinet, said: “Instinet’s electronic platform sits at the core of our entire business, and presents us with many compelling opportunities globally.
“Tony is an exceptionally talented technologist and leader, and I’m confident he possesses the necessary expertise and vision to help bring these to bear.”
Commenting on his appointment, Necakov added: “I’m very excited to be rejoining Instinet at this point in the firm’s history and am eager to begin working with the extremely talented team already in place.”