Former L&G global trading head joins Fintech firm
Stephen Grady left the UK asset manager in March, with LGIM now splitting global trading responsibilities across senior traders.
JP Morgan has followed fellow founding member Goldman Sachs in departing the R3 blockchain initiative.
Real-time trade matching tests were completed across four time zones.
LiquidMetrix’s research team will provide TCA to develop methods of assessing block trade performance with Plato.
Both parties will bring best execution TCA and surveillance under one roof for users.
Mechanism will allow buy-siders to trigger events advertising liquidity in SME stocks.
Both firms will combine APA and reporting services to help firms comply with trade reporting obligations.
Minority investments made by Nasdaq Ventures will range from under $1 million to approximately $10 million.