itarle UK Ltd, an independent provider of multi-asset best execution technology, has made a new senior hire, securing veteran Tom Middleton as the newest Head of the Quantitative Services Department, per a company statement.
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itarle AG provides a wide range of algorithmic execution and analytics services for trading venues, catering to futures and options, fixed income, FX, and equity exchanges globally. In his new role Mr. Middleton will work alongside David Foster who runs the group’s Business Services Department.
Mr. Middleton joins itarle after a standout career in the financial services space that spanned over a decade. Most recently however he has dedicated his time to boating full time since late last year.
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Prior to his foray into athletics, Mr. Middleton worked as a Director at Credit Suisse for over six years, focusing on the equity derivatives space, with an emphasis on technology, risk management, and quantitative research.
In addition, he held multiple roles at Citigroup in its Europe, Middle East, and Africa (EMEA) Statistical Arbitrage unit. In this capacity he was responsible for building up the group’s EMEA Statistical Arbitrage. Moreover, he also worked as the Head of Algorithmic Product, helping develop some of Citigroup’s first set of algorithms.
During his tenure at Citigroup he helped pioneer its European smart order router (SOR), which ultimately blossomed into one of the continent’s most widely utilized dark pools. He originally joined the lender back in 2003 as a Statistical Arbitrage Trader.
According to Paul Lynch, CEO of itarle, in a recent statement on the hire: “We’re delighted to welcome Tom to the team as itarle continues to break new ground. Our goal is and has always been to offer innovative technology services that will maximise trading performance and productivity while minimising costs. To that end, Tom brings a unique skillset that will help us deliver new products and capabilities to our clients.”