Senior Newedge compliance executive Christopher Wall has been appointed as European head of market surveillance by Liquidnet, operator of a block crossing network for institutional investors in 42 countries.
Wall, formerly senior compliance officer and head of trade monitoring at the French brokerage house, will be supported by David Stockwell, who joins Liquidnet as market surveillance specialist from Société Générale.
Wall will manage the surveillance team’s daily operations, including operating Liquidity Watch, the surveillance system used by Liquidnet to ensure members are trading in accordance with the network’s rules. Reporting directly to Anna-Maria De La Roche, Liquidnet’s European head of compliance and regulation, Wall is also responsible for ensuring compliance with regulatory initiatives set by UK watchdog the Financial Conduct Authority and pan-European regulator the European Securities and Markets Authority.
Stockwell will proactively monitor participants’ trading activity on Liquidnet’s trading network and alert any cases of potential market abuse to the regulator.
“Stopping market abuse of any kind is in the best interests of the market and all participants. The appointment of trading and industry experts such as Christopher and David to the existing team ensures we have the right people in the right roles to continue to do this,” said De La Roche.