Valentino exits EquiLend for Trading Apps

Valentino exits EquiLend for Trading Apps

Chris Valentino, a member of EquiLend’s New York-based sales team has left the company to join software firm Trading Apps, Global Investor/ISF understands.

Valentino, who had been part of EquiLend’s North American sales force since September 2012, left the company at the end of August. 

Prior to EquiLend he had worked at Markit and J.P Morgan.

It is not yet clear what Valentino’s new role at Trading Apps will be. 

The company’s apps track finance trading activity, calculate lending income and help hedge funds find hard to borrow stocks.

In July, the business hired former Fidessa executive Andrew Malpass as non-executive director.

Co-founder Jean-Paul Musicco recently shifted from his role as managing director for North America to become non-executive director.

EquiLend has also been hiring. The company appointed James Moroney as director and trading product specialist in New York during the summer.

He is working on the continued rollout of the firm's NGT trading platform, which is gaining widespread adoption among market participants. 

EquiLend also recently acquired AQS, a platform which facilitates clearing and settlement via Chicago-based OCC - the world’s largest equity derivatives clearing firm.

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