Instinet's former director of European sales Charles Guy is to join institutional trading platform Liquidnet as it prepares for entry to the European financial markets.
Liquidnet Europe is the sister company of New York-based Liquidnet, an alternative trading system (ATS) for inter-institutional trading. Launched in April 2001, Liquidnet now claims a member base of 156 institutions that collectively manage more than $4.7 trillion in equity assets.
Liquidnet users trade large blocks of stock anonymously and within the spread, with an average execution size of nearly 60,000 shares. Liquidnet plans to launch the international trading capability later this year, allowing members to deal in UK, Dutch, Swiss, French, German and US equities.
John Barker, managing director of Liquidnet Europe says Guy will be charged with enticing European investors to join the system. "Charles brings a tremendous wealth of knowledge in understanding both the institutional trading market as well as the European ECN/ATS landscape," he says.
Guy spent seven years with Instinet UK, beginning as a senior trader in 1995. Previously, he has worked for Bloomberg, Credit Lyonnais Securities and Morgan Grenfell Securities.