As Liquidnet continues to expand its global listed derivatives offering, the firm has made a significant addition to its team by hiring Alex Grinfeld, a former Executive Director at Morgan Stanley, to co-head its futures business in the Americas.

Grinfeld joins a noteworthy roster of senior futures sales traders and analysts who have arrived at Liquidnet since 2022 as the firm expands its global listed derivatives offering.

Liquidnet Bolsters Futures Trading Team with Morgan Stanley, Goldman Sachs Veteran

Prior to his 11-year tenure at Morgan Stanley, Grinfeld spent 5 years as a Vice President at Goldman Sachs for Futures and Derivatives Sales Trading. He will work alongside Brian Cashin, who joined Liquidnet in March 2022 from Bank of America, to lead the futures division in the Americas.

"Alex joins us at an exciting time in our journey, his extensive experience will be integral as we launch new technology and further develop our execution services," said Mike du Plessis, the Global Head of Listed Derivatives at Liquidnet.

The hiring of Grinfeld comes as Liquidnet recently launched solutions such as pre and point-of-trade analytics to help inform traders' decision-making processes and support automation. Historically, banks have dominated providing solutions and executions to the buy side, but Liquidnet is looking to disrupt this trend with its innovative offerings.

"It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions," du Plessis commented.

Liquidnet’s Similar Moves in Europe

Liquidnet's senior hires in the US reflect similar moves in Europe, where the firm hired Dan Noorian and Darren Smith from UBS 18 months ago to lead the then-recently established Liquidnet Listed Derivatives team in London. Like their Liquidnet Americas counterparts, the duo bring extensive futures experience, having spent nearly 15 years each at the Swiss bank.

In the meantime, the company enhanced its platform with artificial intelligence solutions offered by BondIT. The partnership aims to enhance market insights for Liquidnet's 700+ fixed-income firms.

The inter-dealer broker TP ICAP, which is the owner of Liquidnet, recently reported a 2023 financial numbers and extended its share buyback program by £30 million. The company showed a net income of £227 million, which was 28% lower than in 2022.