The new membership network has already attracted buy-side firms and aims to address environmental challenges specific to trading firms through accountability to the wider industry and investors.
New head of liquidity strategy for Asia Pacific previously worked at HKEX and spent almost a decade at the London Stock Exchange Group’s Turquoise.
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
Simon Dove will become head of liquidity strategy for EMEA at Instinet after four years with Tower Research Capital Europe.
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.
Instinet acquired BlockCross from State Street in 2017 and will roll out the block trading platform across Europe.
Instinet reaches beyond equities to incorporate foreign exchange through launch of new agency trading business.
Winners of this year's awards will be announced on 21 November during the Leaders in Trading 2019 ceremony.
Seema Arora joins Instinet after 10 years with Kepler Cheuvreux and has previously worked at JP Morgan.