Liquidnet has appointed Prashanth Manoharan as EMEA head of execution consulting as it develops its algorithmic trading capabilities and expands its operations in the region.
In H1 2024, Liquidnet revenues were up 5% year-on-year (YoY) to £171 million. This was driven by equities activity, with revenues rising by 14% YoY.
As part of the European execution and quantitative services (EQS) team, Manoharan is responsible for developing Liquidnet’s core algorithmic trading service, improving execution quality and investigating market microstructure.
Manoharan has more than a decade of industry experience, joining Liquidnet from BNP Paribas. He has been a director and head of cash equities analytics at the firm since 2021. Prior to this, he was head of electronic equities analytics for Europe and America as Deutsche Bank.
Alongside Manoharan, Oliver Ekers has been hired as an execution trader and Henry Baugniet as an execution analyst.
Ekers joins Liquidnet from Instinet, where he has been for almost 10 years. Most recently, he was part of the EU electronic trading team.
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