Block trading venue Liquidnet has hired Adam Sussman as its new head of market structure and liquidity partnerships group. Sussman will serve as a senior advisor on market structure issues providing insight and guidance on industry developments, technological trends, and financial industry dynamics to Liquidnet’s community of buyside members and customers.
Sussman comes from TABB Group where he was a partner and director of research. He joined the consultancy in 2004. In 2009, Sussman was the only industry analyst to testify before the U.S. Senate on high frequency trading, dark pools and naked access in the aftermath of the financial crisis. Prior to TABB, he served as a senior product manager responsible for order-management systems, routing and next-generation trading tools focused on the equities and options markets at Ameritrade, Inc., a brokerage industry subsidiary of Ameritrade Holding Corp. Sussman will be based in New York and report to Liquidnet’s head of U.S. equities, Brennan Warble.
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LCH.Clearnet appointed Jill Considine as its first U.S. Chairman, the Financial News reported. Considine will join the board of LCH.Clearnet Group on April 25, and will also serve as chair of the board of LCH.Clearnet LLC. Considine served as Chairman and CEO of the DTCC from 1999 until 2008 and was previously president of the New York Clearing House Association LLC for five years.
Agency-only broker ITG hired Jon Schneider as director of sellside sales with a focus on growing and supporting the firm’s pro-customer derivatives business and its broker/dealer equity order flow. Schneider, a veteran with 19 years experience, comes from BATS Exchange where, as a founding member, for the past 8 years has been involved in various sales roles including selling for their two U.S. equity exchanges, an option exchange, and a Pan European based MTF. He serves on the executive committee of the Security Traders Association and is co-chair on the Retail Advisory Committee. He is also a past president of the Kansas City affiliate of STA. While based in New York, Schneider will be splitting his time between the New York and Chicago offices as well as his home in Kansas City. He reports to Dan Weingarten, managing director, sales & trading and head of sellside sales.
