Ideal Prediction, a trade analysis and data science platform of capital markets, has announced on Monday the appointment of Walter Bell as its new chief technology officer (CTO).
Bell is bringing around 20 years of capital markets experience to the company from his roles in multiple giants.
At Ideal Prediction, he is leading the new development in the Scope product suite of the company for monitoring trading for market abuse and adherence to the FX Global Code. The redesigned product will include cross-asset functionality for Market Abuse Regulation (MAR) surveillance and other regulatory regimes.
He will also oversee the company’s global systemically important bank (G-SIB) clients.
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Commenting on his new role, Bell said: “Bank compliance teams are demanding increasingly sophisticated services for monitoring their human and algorithmic trading. I’m excited about Ideal’s ability to use our knowledge of the intricacies of FICC trading to independently deliver advanced analytics to firms using modern and flexible technology.”
A capital markets veteran
Prior to his new role, Bell was the FICC eTrading strategist at Bank of America. He also spent over three-and-a-half years at Credit Suisse in multiple roles, managing technology teams in eFX development, cross-asset trading, and global arbitrage trading.
He is a Cornell graduate and spent the early years of his career at Intelligence Markets, Alexa Internet, and Broadway Technology.
“Walter is one of the best inventors I’ve met in my career. His expertise in systems architecture and algorithmic trading is a powerful, rare combination. As Ideal’s CTO, he will evolve Ideal’s products and, most importantly, help our clients to successfully mitigate risk and improve profitability,” John Crouch, founder and CEO of Ideal Prediction, added.