Instinet has appointed a new head of international electronic sales as the firm looks to expand its algorithmic and electronic trading business in the US.
Greg Treacy joins Instinet from Deutsche Bank where he was a director for global execution services, overseeing electronic trading and relationship management for the bank’s US clients.
Prior to that, he held several senior account management positions at Bank of America Merrill Lynch and Neonet.
Mark Govoni, president of Instinet, explained Treacy’s 18 years experience will serve to add value and insights to the work he will be doing with the firm’s clients.
He added: “This is especially important as the global marketplace continues to face complexity and change.”
Earlier this year, Instinet made two liquidity agreements with Sun Trading and Virtu Financial to provide its clients with access to bilateral liquidity from market makers.
Instinet said changes to liquidity provision under MiFID II will see the industry shift towards bilateral trading relationships and the registrations of systematic internalisers.