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Liquidnet makes strategic tech hire to support Virtual High Touch MiFID II solutions

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Institutional trading network Liquidnet has appointed Patrick Strobel as Head of Technology for EMEA. In this newly formed role, he will be responsible for building out the company’s strategic IT architecture in EMEA with an emphasis on the region’s Virtual High Touch MiFID II solutions.

Strobel brings over sixteen years’ experience delivering IT solutions for investment banks such as Deutsche Bank and JP Morgan.
 
“EMEA is one of Liquidnet’s fastest growing regions and augmenting our team with an experienced Head of Technology is key to continuing that success,” says Mark Pumfrey, Head of Liquidnet EMEA. “Following our recent acquisition of OTAS Technologies and the rollout of Virtual High Touch in EMEA, Patrick will be instrumental in delivering these solutions to our global Membership of over 870 of the world’s leading asset managers.”
 
Introduced in 2016, Virtual High Touch is a completely new category of institutional trader technology that combines advanced data analytics, unique liquidity search tools and next generation trading algorithms, MiFID II solutions and real-time market intelligence. OTAS’s industry-leading analytics and market insight, combined with Liquidnet’s Virtual High Touch decision-support trading platform, will help enhance the buy side trader’s decision-making process and give the trader more control over achieving best execution.
 
At Deutsche Bank, Strobel held a number of senior roles including Head of P&L and IPV Technology, as well as Global Head of Equity Trading Analytics. He was responsible for building out Deutsche’s P&L reporting platform and defining the technology strategy for the domain. Prior to that, he oversaw the development of Deutsche’s equity trading analytics capability including TCA, pre-trade analytics and alpha capture on a global level.
 
Strobel joins Liquidnet’s global Technology group reporting into Bob Garrett, Head of Technology, based in New York.
 
“Liquidnet is a company that prioritises rolling out innovations that the buy side needs with speed and efficiency. With MiFID II fast approaching, it’s especially important that we deliver the right tools and technology to support the changing roles of our Members, both in and out of EMEA,” says Strobel.

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