Aqua - a new alternative trading system (ATS) owned byeSpeed Inc. and Cantor Fitzgerald focused on offering block liquidity to institutions, hedge funds and brokers - announced the hiring of Andrew Fishkind as global head of sales.Fishkind reports to Kevin Foley, president and CEO of Aqua, who as president of eSpeed is driving the effort, according to the Jan. 3 release, which launched Aqua. Fishkind previously worked with Foley at B-Trade Services, where Foley founded Bloomberg TradeBook, the global institutional electronic broker.
Fishkind, who brings 20 years of experience in electronic trading, most recently served as a consultant to sell-side and buy-side firms developing electronic trading platforms and products. Before that, at B-Trade Services, he helped build Bloomberg TradeBook. From 1987 to 1996, Fishkind held several senior positions with Instinet where he focused on building institutional relationships in the U.S. and helped to develop the firm's international business.
In the release, Fishkind said, "We have the opportunity to create a new approach to block trading, particularly in small and mid-cap stocks, and hard-to-trade non-U.S. equities; not for the mere sake of innovation itself, but to deliver what the marketplace wants."
Aqua is expected to seek necessary regulatory approvals globally to operate as an ATS, according to the release. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio