New head brings over 25 years’ experience in sales related roles, having previously served at Itiviti, Bloomberg, Ullink and SUNGARD.
The move will equip Pareto Securities with the necessary capabilities to continue the development of their execution service.
Following the integration, clients now have direct access to Itiviti’s NYFIX Matching automated trade allocation, confirmation, and affirmation capabilities.
The firm said it planned to use the fully integrated Alpha Omega post-trade solution to enhance its buy- and sell-side NYFIX Matching offering.
ION’s acquisition of DASH and Broadway, TS Imagine’s merger, and Broadridge’s acquisition of Itiviti all took place recently as the market continued to consolidate.
Industry veteran and electronic trading expert Ray Tierney takes on the role of president at trading technology provider Itiviti after its takeover by Broadridge.
New Broadridge head of Asia-Pacific brings over 20 years of experience working in the region, most recently as global head of operations and business services at TD Armeritrade.
The acquisition of Itiviti was announced by Broadridge in March and has extended its capital markets franchise and its back-office capabilities into the front-office.
Itiviti serves 24 global investment banks and over 2,000 brokers, trading firms and asset managers in 50 countries.
The pair said the launch was in response to a wholesale shift from institutional investors to digital assets, driven by dwindling returns in traditional assets.