“This collaboration has helped us to make more informed decisions and stay competitive in an evolving landscape,” said Angela Lobo, head of eSales and sales chief operating officer, Jefferies.
The move is set to support the shift to T+1 through overseeing and managing the key elements of the transition, currently set for October 2027.
October 2027 date is set to be the consensus between the EU, Switzerland and the UK.
Named AlphaX US, the venue will trade US-listed securities only (Reg NMS) and follow the US equity market holiday calendar.
Development will allow computational resources to be housed in the firm’s own large-scale data centre for the first time.
The initiative has been introduced by Mark Uyeda who was appointed acting SEC chair earlier this week by the new US administration.
The London-based, South African investment manager will use Saphyre's platform to streamline the onboarding and maintenance of broker and custodian relationships.
Individual has been promoted to the role after originally joining LCH Limited in 2017; currently serves as group head of LCH SwapClear and Listed Rates.
Incoming individual brings 30 years’ experience in emerging markets debt to the role, having previously held positions at Mizuho International, VTB Capital, BNP Paribas, ING Nederland and CIBC World Markets.