Luminex Trading & Analytics, a dark pool owned and operated by nine buy-side firms, has named Jonathan Clark the president of Luminex effective August 1.
Clark will report to Michael Cashel, the trading venue's interim CEO and a senior vice president at Fidelity, which owns 60 percent of Luminex. Upon Luminex receiving the required regulatory licenses, Clark will take over executive leadership responsibilities as CEO.
Clark is currently the co-head of equity trading in the Americas at BlackRock, another part owner of Luminex. Clark joined BlackRock after the firm's acquisition of Merrill Lynch Investment Management where he was a portfolio manager and derivatives specialist from 1999 to 2006.
"Luminex is an innovative and advanced trading technology platform that is well-positioned to address the challenges of sourcing block liquidity and delivering lower costs to investment managers. I look forward to working to harness its potential," Clark said in a statement.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails