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Morgan Stanley Executive Leaves Firm to Join Liquidnet’s Futures Division

In a move signaling Liquidnet’s ongoing expansion of its global listed derivatives offering, the company has brought on board Alex Grinfeld, formerly an Executive Director at Morgan Stanley, to co-lead its futures business in the Americas.

Grinfeld’s appointment adds to the impressive lineup of senior futures sales traders and analysts who have joined Liquidnet since 2022 as the company broadens its global listed derivatives offering.

Liquidnet Strengthens Futures Trading Team with Veteran Talent from Morgan Stanley and Goldman Sachs

Before his tenure at Morgan Stanley spanning 11 years, Grinfeld served as a Vice President at Goldman Sachs for Futures and Derivatives Sales Trading for 5 years. He will collaborate with Brian Cashin, who joined Liquidnet in March 2022 from Bank of America, in overseeing the futures division in the Americas.

Mike du Plessis, the Global Head of Listed Derivatives at Liquidnet, expressed excitement about Grinfeld’s addition, stating, “Alex joins us at an exciting time in our journey; his extensive experience will be integral as we launch new technology and further develop our execution services.”

Grinfeld’s hiring coincides with Liquidnet’s recent introduction of solutions such as pre and point-of-trade analytics, aimed at informing traders’ decision-making processes and facilitating automation. Liquidnet aims to disrupt the dominance historically held by banks in providing solutions and executions to the buy side with its innovative offerings.

Du Plessis emphasized Liquidnet’s competitive positioning, stating, “It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions.”

Similar Strategic Moves in Europe by Liquidnet

Liquidnet’s strategic hires in the US mirror similar moves in Europe, where the company enlisted Dan Noorian and Darren Smith from UBS 18 months ago to spearhead the newly established Liquidnet Listed Derivatives team in London. Noorian and Smith, like their American counterparts, bring extensive futures experience, having spent nearly 15 years each at the Swiss bank.

Meanwhile, Liquidnet has bolstered its platform with artificial intelligence solutions provided by BondIT, aiming to enhance market insights for its 700+ fixed-income firms.

Read more: Forex Market News

TP ICAP, the parent company of Liquidnet, recently disclosed its financial results for 2023 and announced an extension of its share buyback program by £30 million. The company reported a net income of £227 million, a 28% decrease compared to 2022.

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