Liquidnet Adds Stephen Grady as Non-Executive Director of European Unit

Liquidnet, an institutional trading and Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term network, has secured its latest appointee, adding Stephen Grady as its newest Non-Executive Director of Liquidnet Europe – he will be based out of London and steps into the role with immediate effect, according to a group statement.

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Mr. Grady joins Liquidnet following a career in the financial services industry that has spanned over two decades. He is the acting Managing Director and Head of Market Structure and Strategy at Ipreo, having just started at the group earlier this month. Prior to the appointment at Liquidnet, he also worked as the Global Head of Trading at Legal and General Investment Management.

Additional stops also include positions at Barclays Wealth as its Managing Director and Global Head of Dealing and Sales Trading, Global Head of Dealing at Fortis, and Head Trader at Powe Capital Management, among others, dating back to 1990, according to information made public on his Linkedin profile.

According to Mark Pumfrey, Head of Liquidnet EMEA, in a statement on the appointment: “We are looking forward to Stephen joining as Non-Executive Director and providing strategic counsel to Liquidnet as it continues to expand its business across the EMEA region, with an overall focus on augmenting global membership.”

“I am excited to be joining Liquidnet at a time when markets are facing far-reaching changes and I’m looking forward to contributing to Liquidnet's continued success in innovating and improving Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for its members and, ultimately, the whole marketplace,” added Mr. Grady.

The appointment is the latest at Liquidnet following the addition of Simon Gilbert as a Sales Director in the group’s London office. He has since been tasked with assisting the group’s European members source institutional liquidity in US equities.