Dash Financial Technologies, a trading technology provider for institutional entities, announced on Monday that it has expanded its equities team by adding James Doherty as Managing Director, Head of Equity Product.
The addition of Doherty follows on from his most recent position as a Managing Partner of a machine learning-driven investment firm he co-founded. Before this, until 2014 he had a nearly 20-year-tenure at Credit Suisse.
James Doherty Co-Founded Credit Suisse’s Advanced Execution Services
During this time he had a large impact at the firm, co-founding the Advanced Execution Services (AES) electronic trading platform. While at Credit Suisse he also managed the day-to-day product development of the firm’s algorithmic equities trading business.
Commenting on the appointment, Peter Maragos, Dash Financial’s CEO, said: “the buy side is working every day to implement new technologies that help optimize workflow, improve execution performance and derive new analytics to drive alpha, and that fits the Dash model perfectly.
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“With MIFID II as the catalyst for the general un-bundling of services, we have seen a huge upsurge in entities looking for new and innovative cash equities solutions being offered by firms outside their existing providers.
“This demand has resulted in us providing a host of interesting solutions to improve workflow, execution performance, and analytics at a variety of institutions. We are delighted to welcome James to the team, as he is the right person to help us push innovation and continue the advancement of our award-winning suite of products and services.”
Speaking on his new role, Doherty said: “I’ve been fortunate enough to work at the intersection of technology and the capital markets for more than twenty years. During that time, the buy-side clients I’ve encountered have always known their businesses best, and today the technology finally exists to allow them to craft the precise solutions they need to meet their unique requirements.”
“Dash has been one of the genuine innovators in this field since launching eight years ago, and I couldn’t be more excited to join the team and help the firm continue to grow.”