John Levene has joined Clear Street as head of institutional, overseeing the firm’s prime brokerage business, following more than 25 years at Goldman Sachs. The move will see Levene using his experience in building and managing prime brokerage platforms across the capital markets to bring leadership to his new role at Clear Street.  

During his time at Goldman Sachs, Levene was partner for 14 years, acting as a leader in the client service space and serving as head of global banking and markets client experience, co-head of prime services client experience and head of prime brokerage client franchise, Americas.  

“We welcome John to his new role, where his industry expertise and strategic mindset will be instrumental in advancing our mission to provide best-in-class technology and client service,” said chief executive of Clear Street, Edward Tilly.  

Columbia Threadneedle  

Columbia Threadneedle Investments has welcomed Francesca Mace Wilson to the EMEA equity trading desk. The move sees her leaving her role as senior investment control analyst at Capital Group, which she had held since October 2022.  

Prior to this, Mace Wilson held previous positions at Titan Institutional Services, working across wealth management, prime brokerage and sales.  

Head of EMEA equity trading at Columbia Threadneedle, Michael Johnson said: “Francesca joins us having spent five years at Capital Group and, in addition to trading equities, will help us enhance our position across the capital markets structure.”  

TD Securities  

TD Securities has named Greg Levett, Neil McKay and David Abraham as the new managing directors of its event driven sales and trading team, with all three new hires transferring from BTIG. Levett had previously served at BTIG since 2010 and began his career in event driven sales at Pali International.   

Abraham’s recent roles include positions at FBR Capital Markets, Merebis Capital Management, Titanium Capital, ZAN Partners, Goldman Sachs, NatWest Markets and Credit Lyonnais Securities.   

New addition McKay also covered equity sales and trading as managing director at BTIG and brings extensive knowledge of the event driven sector. Prior to his stint at BTIG he held roles at Barclays, Abberton Capital, United First Partners, Arrowgrass Capital Partners, Stark Investments, Citadel and CSFB.  

Citi  

Citi has named Christopher Chang as its new head of markets solutions for financial institutions for Asia South and Asia North. Chang joins from Goldman Sachs, where he served as head of FICC and equity distribution for Southeast Asia and been a board member of Goldman Sachs Singapore for more than 10 years.  

Prior to Goldman Sachs, he held various senior banking, solutions and sales roles at Deutsche Bank and Nomura. The move will see him reporting to head of markets sales for Japan, Asia North and Australia and Asia South, Cecile Gambardella, who said: “He [Chang] will work closely with our product partners and across banking, wealth and international to bridge the best of Citi’s capabilities and deliver value to both our clients and Citi.”  

Broadridge  

Broadridge Financial Solutions has expanded its product management team with Ian Williams and Anand Chintala stepping into senior roles within Broadridge Trading and Connectivity Solutions.  

In his new role, Williams will assume the role of vice president of product management based in Toronto, leaving his previous position as chief executive of Virtu Canada.   

Similarly, Chintala will become the division’s senior director in New York, and joins from Barclays, where he acted as director of portfolio trading. Williams brings more than 30 years of trading and product leadership positions to the role, and he previously worked at TriAct Canada Marketplace – now Cboe Global Markets, Perimeter Financial Corp and TD.  

Chintala also has extensive industry experience and held director and vice president titles at Lehman Brothers and ITG.  

“With over three decades of trading and product leadership positions in both Canada and the US, Williams will be instrumental in expanding our global footprint in Canada,” said the firm in an update on social media.  

Liquidnet  

Chris Jackson has been promoted as Liquidnet’s new global head of equities, continuing his 10-year tenure with the firm. The move sees London-based Jackson departing from his role as global head of equity strategy and head of equities for EMEA. 

Prior to joining Liquidnet, he held the position of head of EMEA execution sales at Citi from 2009 to 2015. He has also worked in director positions with a focus on portfolio sales, analytics, and sales trading at SBC Warburg and Merrill Lynch.  

Speaking on the announcement, Liquidnet said: “His [Jackson’s] leadership will be instrumental as we continue to scale up our equities business globally and develop, together with our members, innovative solutions that combine deep liquidity access with intelligent execution.”   

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The global fintech has said that its Digital Assets Solutions will address the growing demand for disclosure and governance solutions for cryptocurrency and tokenised assets.

Broadridge claims the solutions will bolster investment democratisation, by ensuring regulatory compliance while enhancing investor education.

“Broadridge’s new Digital Asset Solutions will enable investors to better access, understand, and monitor these digital assets across the full range of intermediaries and exchanges offering these products,” said co-president of Broadridge’s investor communication solutions business, Mike Tae.

“We have drawn on our deep expertise in helping tens of millions of main street investors better understand their equity and fund investments to develop solutions that will bring similar transparency to digital assets.”

A crypto asset disclosure survey carried out by Broadridge found that investors need better access to basic information in the crypto and digital assets space, which can often be difficult to reach due to being both on-and off-chain.

In October 2024 the company launched Broadridge ClearFi as a component of Broadridge Digital Asset Solutions, designed to help investors and advisers access, understand and monitor their digital asset investments more quickly and efficiently.

The company also claims that the solution can evaluate digital assets by consolidating data taken from hundreds of trusted sources to increase transparency and investor education.

Aviad Stein, head of Digital Asset Solutions at Broadridge said: “Broadridge Digital Asset Solutions bridges the gap between traditional finance (TradFi) and decentralised finance (DeFi) offering services designed for cryptocurrency exchanges, traditional broker/dealers, wealth managers, digital asset custodians, and investors.”

“We are empowering financial institutions to innovate and grow while providing investors with the necessary tools to make informed decisions in an increasingly complex market.”

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George Rosenberger

Named NYFIX Algo Co-Pilot, the new product uses AI to build a picture of fils in the market to better inform traders when they look to select an algorithmic strategy, all in a bid to reduce the implicit cost of trading. Broadridge has partnered with Babelfish.com to power the AI element and Google for the cloud requirements.

“This is the first time we’re really seeing AI in practice in trading. Everyone’s talking about use cases but here’s a scenario where it actually works,” says George Rosenberger, general manager of NYFIX, Broadridge, speaking to The TRADE at the FIX EMEA Trading Conference 2025.

“Implicit costs are 85% of the cost of trading. Our goal is to reduce that implicit cost of trading by using these recommendations based on our understanding of how brokers source liquidity from each strategy. We’re using AI to look at all of the dark fils that are going off in the market.”

The co-pilot segments algo offerings in liquidity buckets based on the correlation of how specific securities trade. Within each bucket, it ranks the broker algos based on historical near time performance.

“Think of it like sonar for ships. It takes physical things to figure out a location,” explains Rosenberger.

“It’s the same with dark pools. You can’t see the liquidity but when there is a fil we know the broker and the dark pool it came from. We use AI to match that information up with prints on the tape. With 90% precision we’re able to say what fil came from which dark pool so we know how much liquidity is sitting there.”

The new product will initially float beside the buy-side OMS, however Broadridge plans to integrate it like a blotter in the future – when a trader clicks on a strategy it’ll automatically launch the algo ticket in the OMS.

Unlike an algo wheel or switching engine, the offering will only inform traders as opposed to making a recommendation or automatically routing to a particular broker.

The offering will also monitor changes in the market and update information for the trader accordingly so they can change strategies if necessary.

“Algo wheels are prescriptive and have static rules. This [NYFIX Algo Co-Pilot] allows the buy-side to dynamically make changes based on what is going on in the market,” says Rosenberger.

“We are not making the recommendation on which broker to route an algo to, we are just informing to the buy-side of the choices that they have – this is the optimal strategy for the name they’re trading but ultimately it’s the buy-side directing the order.”

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Quentin Limouzi

In his new role, Limouzi is set to focus on supporting Broadridge’s clients with global regulatory developments and future technological innovations.

He most recently served as global head of investment management and execution solutions, and also previously headed up global buy-side trading for Refinitiv, among other roles.  

Vijay Mayadas, president of capital markets at Broadridge, said: “With increasing trading velocity, faster settlement cycles, and the acceleration of AI and advanced analytics across the trade lifecycle, our leading post-trade platforms are uniquely positioned to enable capital markets firms to transform and simplify through global, multi-asset class, modular solutions.

“With Quentin’s leadership and market expertise, we can continue to deliver the solutions our clients need to operate, innovate and grow.” 

The appointment follows Broadridge’s recently announced GenAI-powered analytics offering as part of its OpsGPT platform, aimed at enhancing its post-trade operations.

Read more: Broadridge adds GenAI-powered analytics to improve multi-asset post-trade processing

Limouzi’s previous roles include stints as head of execution sales, APAC at HSBC Global Banking and Markets and executive director, head of electronic and algorithmic trading, Asia at BNP Paribas.

He has also previously served at firms including: Redi, TradingScreen, and Deutsche Bank.

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Aviad Axelrod was named head of fixed income and equities (FIEQ) product for EMEA at BNY within the Global Markets Trading business. He most recently served in an algorithmic trading and execution services role at Stifel Financial. London-based Axelrod will report to both John Goodheart, global head of FIEQ product and Bianca Gould, head of fixed income and equities EMEA at BNY. His experience spans over two decades, working at firms including ITG Virtu, Pi-Finance, and Stifel in roles related to electronic algo trading, business development, and market structure.  

TD Securities appointed Rob Fallon as director of sales trading, based in Dublin. Fallon joined the firm from Deutsche Numis, where he spent the last two years, most recently serving as director of sales trading. Prior to his role at Deutsche Numis, Fallon spent over two decades at Goodbody, also based in Dublin. While at Goodbody, he most recently served as a senior sales trader covering Irish and UK SMID stocks. Earlier in his career, Fallon held a money market derivatives operations role at Deutsche Bank.

Broadridge appointed Stephen Wilkes senior vice president, head of international buy-side sales, based in London. As part of the role, Wilkes will be responsible for the firm’s sales efforts across EMEA and APAC, focusing on the asset management and asset servicing communities. Earlier in his career, Wilkes spent nearly 13 years at Deutsche Bank in a variety of sales-related roles. Before joining Deutsche Bank, Wilkes spent six years at JP Morgan, most recently serving as executive director, futures and options and OTC clearing sales. Before this, he worked as vice president at the bank for four and a half years.

The Association for Financial Markets in Europe (AFME) appointed April Day head of capital markets. Day was promoted to the role, following 12 years at AFME, where she has previously served as head of equities. As part of the role, she oversaw equity capital markets (ECM), trading and post-trade activities. She also brings extensive experience in investment banking and capital markets to the new role. Earlier in her career, Day held senior roles at Dresdner Kleinwort, as well as serving as director of equity sales at Panmure Gordon.

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As part of the role, Wilkes will be responsible for the firm’s sales efforts across EMEA and APAC, focusing on the asset management and asset servicing communities.

“I’m looking forward to leading a talented team of sales professionals across both regions. This is a great opportunity to contribute to the continued growth and innovation in Broadridge’s international buy-side business,” said Wilkes in a social media announcement.

Earlier in his career, Wilkes spent nearly 13 years at Deutsche Bank in a variety of sales-related roles.

Most recently, he held a dual leadership role at the bank, responsible for global solutions sales and EMEA securities services sales.

This followed a stint as head of FIC platform sales, where Wilkes held responsibility for distribution of FX prime brokerage, rates prime brokerage and OTC clearing products.

Elsewhere in his tenure at Deutsche Bank, Wilkes served as a regional sales head, based in Singapore, and sales director, based in London.

Before joining Deutsche Bank, Wilkes spent six years at JP Morgan, most recently serving as executive director, futures and options and OTC clearing sales. Before this, he worked as vice president at the bank for four and a half years.

Wilkes began his career at Goldman Sachs as an associate, following a graduate programme at the bank.

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The new service will offer insights to hedge funds, asset managers and other buy-side based off real-time liquidity mapping. It claims to be the only service of its kind, leveraging private and public data to understanding the liquidity landscape, including potential dark fil locations.

Broadridge said its approach identifies “ideal algorithmic execution” for orders and reduces outliers to improve trading costs. 

The service includes real-time alerts and in-trade analysis, allowing for in-flight adjustments.

The service is now available to NYFIX routing customers in the US equities market, with future plans to extend access to clients on other order routing networks.

“Algo traders will now have a quantitative, data-driven service to power critical trading decisions,” said George Rosenberger, head of NYFIX, Broadridge Trading and Connectivity Solutions. 

“By harnessing the power of AI and historical insights, we’re giving our clients the tools they need to navigate complex markets with greater precision and confidence. This innovative solution not only optimises trading strategies, but also reduces costs, making it an invaluable asset for the buy-side.”

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Named Tbricks, Broadridge’s multi-asset trading and market making solution will now offer traders the opportunity to quote a greater number of structured products across markets and distribution channels.

“The enhancements to the platform have enabled us to better serve our clients with our Marex-issued structured products in a dynamic market condition,” said Mehdi Mlaiki, head of trading, Marex Solutions.

The firm said the move evidenced its commitment to providing infrastructure across the trading lifecycle.

“Banks and broker/dealers have long struggled with the complexity and scale of structured product quotations, which span multiple markets and various quoting modes,” stated Konstantin Romanov, global head of principal trading products, Broadridge Trading and Connectivity Solutions.

“Tbricks directly addresses this critical issue, empowering banks and broker/dealers globally to quote at unprecedented scales and unlock new efficiencies through an intuitive, consolidated user interface.”

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Broadridge has launched a global futures and options (F&O) software-as-a-service (SaaS) platform, aimed at expanding derivatives trading capabilities.

The full hosted platform has been designed for futures commission merchants (FCMs) and agency brokers. The move comes in response to “a lack of customised solutions for each workflow, leading to fragmented experiences for buy-side clients and challenges for sell-side firms in gaining a comprehensive view of trading activity and risk management,” said the firm.

Ray Tierney, president of Broadridge Trading and Connectivity Solutions, said: “While existing systems often lack the flexibility required, Broadridge’s futures and options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on.

“We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimise trading.”

According to Broadridge, a top three futures commission merchant has signed as an anchor client.

The platform offers a distributed architecture that enables operations from any jurisdiction, providing robust order and execution management capabilities, access to a diverse range of global listed derivatives markets, and provides a comprehensive pre-trade risk management and middle office functionality.

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Tbricks provides a modular trading platform with a flexible user interface, built-in functionality and customisability.

The platform will be integrated with existing systems at Danske, allowing the bank to scale operations, creating the ability to focus on strategic initiatives as opposed to technology management, alongside providing long-term cost predictability.

“Implementing a managed solution of Broadridge’s Tbricks for multi-asset trading and market making presents us with the latest in trading technology, as well as a long-term partner which over time can expand our offerings within the equities and derivatives trading space,” said Claus Harder, global head of markets and transaction banking at Danske Bank.

“After a thorough review of other fintech and capital markets solution providers, we are excited to expand our longstanding relationship with Broadridge.”

Tbricks claims to allow clients to utilise systems that enable increased interoperability, allowing them to rapidly adapt to change, employ sophisticated trading strategies and capitalise on business opportunities.

“At Broadridge, we’re committed to building a leading suite of innovative and scalable solutions across the trade lifecycle,” said Ofir Gefen, managing director EMEA and APAC at Broadridge Trading and Connectivity Solutions.

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