Designed specifically for institutional investors, the offering provides price improvement, liquidity enhancement, and best execution practices including algo suite integration, and exchange auction mechanisms.
 
Matrix QRX ATS offers blind indications of interest (IOIs), paired crossing orders, and low latency matching to streamline orders of all types while ensuring optimal pricing.

Read more: Cboe director departs to re-join Matrix as head of options execution strategy

“With QRX ATS, Matrix Executions is setting a new benchmark in the trading experience for institutional traders, focused on price discovery, trading cost mitigation, and market efficiency,” said the firm in an announcement on social media.

The post Matrix Executions launches ATS for US listed options appeared first on The TRADE.

Justin Llewellyn-Jones, head of capital markets, North America (equities, FX and derivatives) and chief product officer for capital markets at fintech firm Broadridge announced his departure after more than four years with the business. Prior to Broadridge, New-York based Llewellyn-Jones worked as global head of derivatives at ION. Before Fidessa’s acquisition by ION back in 2018, he held several positions across the business, including: senior vice president, managing director, and most recently chief operating officer – Americas. His new role – so far unconfirmed – is set to be product focused, with an update expected 4 December.

Ronan McMahon was appointed algorithmic sales trader at CLSA, following his departure from Morgan Stanley back in May. Hong-Kong based McMahon has ten years’ experience in the industry and was previously at Morgan Stanley for four and a half years where he worked as a program trader. Before that, he spent for seven years as a centralised dealer at State Street, working across: India, Indonesia, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.

The post People Moves Monday: Matrix Executions, Broadridge and CLSA appeared first on The TRADE.

Michael Sparacino has been appointed head of options routing strategy at Matrix.

He re-joins the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022.

“Thank you to my team and colleagues at Cboe Global Markets for the amazing opportunity to grow and learn at a special company. I’m looking forward to re-joining the amazing team at Matrix Executions to help in their growth journey,” said Sparacino in a statement on social media earlier this month.

Sparacino has an extensive career in options trading after also previously in senior sales and options roles for four years at Dash Financial Technologies and six and a half years at ConvergEx Group. He began his career as a fixed income support analyst at JP Morgan.

“The warmest of welcomes to Michael Sparacino, the new head of options routing strategy at Matrix Executions. Mike (re)joins Matrix after a two-year chapter with Cboe Global Markets – we’re thrilled to have him back on the team,” said Matrix Executions in a statement on social media.

The post Cboe director departs to re-join Matrix as head of options execution strategy appeared first on The TRADE.