Head of Trading Support and Co-Founder
Chris Brazier has worked in electronic financial markets trading for over 20 years. Prior to founding Squawker, Chris was Head of Sales Trading at BNP Paribas, the largest bank in Europe, where he managed the UK sales force for the Global Execution platform, cementing his extensive relationships in the Tier 1 Investment Banks and UK based brokers. Previously, as Head of Trading at SunGard Global Execution Services, his focus was to provide a low and high touch trading facility for institutional clients.
World’s First Institutional Trading Venue to Ensure Toxic-Free Liquidity by Combining
Human Interaction with Electronic Efficiencies
London (UK) – 3 September 2012 – Squawker, the negotiation venue for sell-side block trading, today launched the world’s first institutional trading venue based on professional social-networking technology. Due to go-live in the first quarter of 2013, Squawker will enable investment banks, market makers, agency broker, proprietary and principal trading firms, to find, negotiate and unwind large positions anonymously, cost-effectively and within a single transaction without the risks of market movement or information leakage. The announcement from the UK FSA – regulated firm comes eight weeks after Squawker signed a multi-million pound Series-A investment from the private sector. Continue reading
“Month on month, the average [order book] trade size falls by 3%. But there are still large block orders coming from managers. When these are loaded into an algo and traded in bits, every single piece has a fee and you are racking up these fees all the time. Doing it now as a block is still much cheaper.”