Liquidnet, the global institutional investment network connecting asset managers with liquidity, has appointed Tim Cunningham as the new Managing Director of Outsourced Foreign Exchange Trading and Sales. Cunningham, who most recently served as the Director at Marex, announced this latest move on LinkedIn today (Tuesday).
Veteran Executive
Until recently, Cunningham was based in the New York City Metropolitan Area, where he spent six months as a Director at Marex. The Veteran executive has also worked with notable brands in the industry, such as Saxo Bank, Societe Generale, American Express, and Cowen Prime Services.
Cunningham was a Director at Cowen Prime Services for more than three years. Prior to that, he served as the Director of FX Sales at BTIG for more than four years.
In another significant career move, Liquidnet hired Alex Grinfeld, a former Executive Director at Morgan Stanley, to co-head its futures business in the Americas in April. This move came as the company continued to broaden its global listed derivatives services.
Following his appointment, Grinfeld became one of the senior futures sales traders and analysts who have joined Liquidnet since 2022. Grinfeld was the Vice President at Goldman Sachs for Futures and Derivatives Sales Trading, a role he dedicated five years. He works alongside Brian Cashin, who moved to Liquidnet in March 2022 from Bank of America.
Liquidnet's Efforts to Expand Offerings
Liquidnet's executive move occurs as the company continues to expand its services. For instance, the US-based firm recently unveiled a new initiative to enhance its block trading capabilities. Dubbed SuperBlock, this offering allows traders to easily signal and participate in exceptionally large or illiquid block trades.
Specifically, SuperBlock is created to utilize Liquidnet's global buy-side community and block trading expertise and create a protected space for executing the most challenging trades. SuperBlock Matching also aims to provide a more efficient environment for trades of various sizes.
