LiquidityBook, a provider of FIX and OMS trading solutions for both the buy- and sell-side, has announced its latest senior appointment and second in as many months, adding Nicholas Thompson as Manager, Client Services – Europe, Middle East, and Africa (EMEA). The hire has come on the heels of increased demand for European buy-side firms looking to meet upcoming MiFID II compliance requirements.
In light of this increasing demand, Mr. Thompson will step into a new lead role with the group, whilst based out of London. In this capacity he will help steer LiquidityBook’s team in this locale, overseeing a number of service and deployment components for an expanding client base in Europe. The EMEA region has been LiquidityBook’s strongest growth segment in the past few years with firms anticipating the passage of MiFID II this January. The upcoming legislation will radically change the regulatory playing field, necessitating several new risk management measures for venues.
With MiFID II in full focus, many firms have opted to update and optimize their front to middle-office trading and compliance platforms, key areas that LiquidityBook has helped address in its product focus. Mr. Thompson will play an important role in this segment as well, as he grapples with a growing client base in the region in tandem with a heightened demand for the group’s POEMS (portfolio, order, and execution management system) platform.
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Mr. Thompson joins LiquidityBook from Eze Software Group, having worked at the technology provider for the past three years. While at the group, he worked in several senior roles, including stints as its Business Consultant and Senior Business Consultant up until January this year. In these roles, he focused on implementing Eze OMS while also managing the group’s client relationships, which is comprised of top hedge funds and other investment firms. He also oversaw client interactions on a daily basis with portfolio managers, traders, CFOs and CTOs, compliance, operations, and IT support, among others.
Additional stops include Fidelity Worldwide Investment as its Senior Portfolio Services Analyst and Thurleigh Investment Managers as a trader, part of a career extending back to 2007, according to information made public on his Linkedin profile.
According to Sean Sullivan, Chief Revenue Officer at LiquidityBook, in a statement on Mr. Thompson’s hire: “Our business has grown considerably over the last few years, and nowhere is that more apparent than in London. European fund managers are finding great value in our full featured, low TCO POEMS platform as it not only helps bring greater efficiency to their trading workflows, but also allows them to comply with many of MiFID II’s new rules in a simple, cost-effective manner.”
“The European buy side in January will be subject to a tremendous amount of new reporting requirements as part of MiFID II and vendors are struggling to provide the necessary solutions. LiquidityBook’s platform not only helps meet these MiFID II compliance requirements, but also reduces the total cost of ownership (TCO) for their front to middle office trading and compliance platforms as well. I’m extremely excited to join the firm and get to work with their growing team,” added Mr. Thompson in an exclusive statement to Finance Magnates.
The appointment of Mr. Thompson also follows the hire of Les Vital as Head of Technical Sales last month. Mr. Vital stepped into the role with over fifteen years of capital markets experience. As its Head of Technical Sales, he has since been tasked with working on LiquidityBook’s sales, helping with on-boarding, product management, and development teams.