Former director at Cboe Global Markets, Michael Sparacino, has left the exchange operator after less than two years to re-join agency only broker-dealer Matrix Executions. Sparacino was appointed head of options routing strategy at Matrix. He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022. Sparacino has an extensive career in options trading after also previously in senior sales and options roles for four years at Dash Financial Technologies and six and a half years at ConvergEx Group. He began his career as a fixed income support analyst at JP Morgan.
Justin Llewellyn-Jones, head of capital markets, North America (equities, FX and derivatives) and chief product officer for capital markets at fintech firm Broadridge announced his departure after more than four years with the business. Prior to Broadridge, New-York based Llewellyn-Jones worked as global head of derivatives at ION. Before Fidessa’s acquisition by ION back in 2018, he held several positions across the business, including: senior vice president, managing director, and most recently chief operating officer – Americas. His new role – so far unconfirmed – is set to be product focused, with an update expected 4 December.
Ronan McMahon was appointed algorithmic sales trader at CLSA, following his departure from Morgan Stanley back in May. Hong-Kong based McMahon has ten years’ experience in the industry and was previously at Morgan Stanley for four and a half years where he worked as a program trader. Before that, he spent for seven years as a centralised dealer at State Street, working across: India, Indonesia, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.