The London Stock Exchange Group today announces the appointment of Mark Ryland as Chief Technology Officer of Baikal, its forthcoming pan-European dark liquidity trading venue.
Mark joins from SWX Europe where he was COO. Prior to that he held a series of senior equities trading technology positions, most recently at Merrill Lynch and HSBC, where he was Global Head of Equities IT. Mark has extensive experience of dark pool, smart order routing and algorithmic trading technology delivery.
Earlier this month Chris Rennoldson was appointed COO and Natan Tiefenbrun as Commercial Director. Today’s announcement completes the senior management line-up at Baikal, which is now set to go live later this year.
John Wilson, CEO of Baikal, said:
“We are delighted to welcome Mark to the Baikal team. Progress towards launch continues at an encouraging pace: the build phase has already begun and now that the management team is complete we look forward to announcing further technology developments in the next few weeks.”
Subject to receiving the necessary regulatory approvals, Baikal will offer customers a new proposition in European equities trading by combining algorithmic and smart order routing technology with a multilateral non-display liquidity pool.
Baikal will be a pan-European MTF (multi-lateral trading facility) offering a neutral liquidity venue open to all market participants.