Liquidnet Names New COO in Bid to Boost Revenues

Liquidnet, a firm that enables institutions to anonymously trade large blocks of stock, is looking to give revenues a shot in the arm through two executive appointments.

The company announced the hiring of John Kelly as chief operating officer, tasking him with driving revenue on a global basis across each of its trading networks. It also named Lugene Forte as its head of sales and trading operations in the U.S. She'll now have complete oversight of the company's domestic equities business and will report to Kelly.

Before joining Liquidnet, Kelly worked alongside former Goldman Sachs president John Thornton, providing advisory services to private investors and management around the world, the company said. Meanwhile Forte was a senior vice president at Investment Technology Group, where she presided over its algorithm trading service, Liquidnet added.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio