TradingScreen has changed the composition of its Board of Directors to align with its new capital structure, in which the majority ownership now resides with the employees and management.
CEO Pierre Schroeder was elected Chairman of the Board in addition to Chief Executive Officer of the multi-asset class order and execution management system (OEMS). Varghese Thomas was elected President and will remain Chief Operating Officer.
The other three members of the board are Lyuba Golberg, who serves as TS’s Chief People Officer, Bernard Ho, who serves as TS’s Head of Asia. and Joseph Ahearn, TS’s Senior Vice President and Head of Fixed Income and a founding stockholder of the Company.
Pierre Schroeder, TS’s Chairman and CEO, commented: “We are excited to announce these changes, including the appointment of Varghese as President, as we continue to execute on the success of TradingScreen and now give representation to our diverse and dedicated employees and international presence with the addition of Lyuba and Bernie providing their insights to our Board.”
The leading SaaS-based fintech is specialized in workflow automation for its efficiencies in both electronic trading platforms and investment management solutions as well as in its financial market network.
TradingScreen has recently had its all-asset class order and execution management system (OEMS), MARKTS, partnering with Seed Digital Commodities Market (SCXM), a licensed digital asset exchange for institutional investors. The agreement will allow institutional investors to access the crypto market securely, seamlessly and efficiently, as TradingScreen clients will have specific access to crypto as an asset class, settlement of the asset, as well as the ability to trade crypto via spot markets and derivatives with the same multi-asset workflow.
In April 2020, TradingScreen integrated its leading OEMS solution, TradeSmart, with Mainbloq’s cryptocurrency trading technology, allowing its users to benefit from access to global cryptocurrency liquidity and best execution via Mainbloq Smart order Routing (SOR) and a suite of algorithms including TWAP, VWAP, Iceberg, PEG, Basket, Percent of Volume and Implementation Shortfall.
In 2018, TradingScreen upgraded its partnership with Imagine Software – which offers a real-time portfolio, risk, and compliance management solutions – to set up a checks and balances feature built into clients’ execution workflow. The tool issues an alert when a rule or limit is breached during the pre-trade compliance process.
In March 2019, TradingScreen launched its OEMS in Montreal. Going by the name QUO, the platform is designed for wealth and investment managers to add value to clients with a lighter touch OEMS that is easy to deploy and will simplify investment management processes. QUO is headed by Will Lawton, former executive at HSBC, Standard Chartered and RBS, who is based in Singapore and will focus on strengthening and extending TS’s QUO offering globally.