Eurex Clearing Expands Buy-Side Sales with Nick Barnes Appointment

Eurex Clearing, part of the Deutsche Börse Group, has expanded its Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term sales team with the appointment of Nick Barnes as the Senior Vice President for Sales and Relationship Management.

Barnes’ appointment will be effective from March 1, 2020, and he will be based in the Group’s operations in London. In his new position, he will be focusing on Eurex Clearing’s buy-side initiative.

As part of his role, Barnes will report to Jonathan Lombardo, Head of Fixed Income Derivatives Funding & Financing Sales, Northern Europe. The European Sales team is led by Frank Gast, while Philip Simons heads Fixed Income Sales globally.

Career before Eurex

Barnes takes on this new role with Eurex after one and a half years with MarketAxess, his LinkedIn states. At the operator of an institutional electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, he worked in Repo Sales and Business Development.

Before he was at MarketAxess, Barnes was a Consultant at Skadi Limited for almost four years, based in London. He also had a nearly two-year stint at interdealer broker TP ICAP, where he was a Repo and IRS broker, his LinkedIn shows.

According to his profile, Barnes started off his career in the financial industry at British bank Barclays Capital. Specifically, he joined the firm in 1997 as a trading assistant for the UST desk, where he worked for three years and seven months.

From here, he moved on to become a Repo/Funding trading for Barclays Capital Strategic Advisors in February of 2001 and stayed in this role until January of 2006. Towards the end of his career with the British bank, he also held the role of fixed income salesperson, and his final position was a repo and funding trader for Barclays Capital, lasting until April of 2013.

Barnes’ appointment comes just under a month after the Exchange Council of Eurex Deutschland, who is responsible for the appointment, dismissal, and supervision of the management board, re-elected Carola Gräfin von Schmettow, CEO of HSBC Germany, as chairperson and Lutz Johanning as Deputy Chairman.