The move demonstrates a key development in the uncleared derivatives space, contributing to the overall digitalisation of traditionally manual workflows.
NINGI Research currently has a short position in the business, which has prompted a to and fro between the two companies as to the motivations behind the accusations levelled against Marex.
The offering will see BMLL’s pre-trade analytics integrated into Broadridge’s global OMS, and Xilix EMS in Japan.
The sell-side shop is trimming its UK presence with at least three departures confirmed and others set to take place this week, The TRADE understands.
Individual joins after almost two years at HSBC and has also previously worked at Bell Potter Securities.
Incoming individual had been with Morgan Stanley for 28 years.
Through the move, the buy-side is set to benefit from an enhanced platform which allows them to automate and use MMFs as collateral on triparty by transforming excess cash.
Four individuals join from Sandford Bernstein, Panmure Liberum, and Tourmaline respectively; head of electronic execution among those departing for a new role at Peel Hunt.
Individual has been with Redburn Atlantic for the last 10 years; his departure comes amid several other moves at Redburn with four incoming individuals and two departures.
Individual has also previously served at Numis, Bloomberg Tradebook, Execution, Canaccord, C.I.M Banque, and Banca Commerciale.