Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Handshake

31791

Luminex adds to sales and technology teams

RELATED TOPICS​

Luminex Trading & Analytics, a buy side-owned trading venue delivering efficient, low-cost block executions, has added three veteran financial and technology professionals, spurred by growing engagement with the platform by its community of investment management firms.

Joshua Reed has joined as a Sales and Relationship Manager, Joshua Opper has joined as Director of Infrastructure and Robin Burr has joined as a Software Engineer.
 
Since its launch in November 2015, trading among Luminex’s participants has grown steadily, as the venue is fulfilling its promise as a destination dedicated to delivering low-cost block trading with minimal information leakage. In September 2019, the latest month for which FINRA data is available, Luminex saw an average natural block trade size of 47,043 shares, placing it among the leaders in FINRA’s 10k block trading category. Luminex’s October 2019 performance of 166 million shares2 traded makes it one of the firm’s five best months since its inception.
 
In January of 2019, Luminex announced the rollout of its “Luminex 2.0” interface to simplify workflows and create a more intuitive overall experience. Increased engagement with the platform has spurred new interest from potential participants as well as a rise in existing client demands for further new features and functionalities.
 
Joshua Reed was most recently a sales trader at Guggenheim Securities, trading equities for mutual funds, asset managers and hedge funds in Boston, Canada and Connecticut. Prior to Guggenheim, Reed spent much of his 20-year career at Wellington Management in Equity Capital Markets and sector trading.
 
Joshua Opper was most recently a Managing Partner at Utility Datacenter. He worked extensively with daily operations teams, managing internal operations, assets and vendor selection as he designed and implemented a wide variety of enterprise IT solutions. Prior to Utility Datacenter, he was the Principal Consultant at Par4 Technologies.
 
Robin Burr comes to Luminex from Placester, Inc, where she was a lead engineer working on account creation, synchronization, integration issues and custom ETL coding. Prior to that role, she worked at Hitachi Consulting as the lead software engineer.
 
“Our ability to continually invest in our platform speaks volumes about the commitment that our buy side community has made to trading on Luminex,” says Jonathan Clark, Luminex CEO. “Our participants are engaged because they want this to work: a trading utility dedicated to helping investment managers exchange blocks safely and at a low cost. Our internal team’s culture mirrors the commitment of our wider community and we’re thrilled to have Joshua Reed, Joshua Opper and Robin Burr coming aboard.”
 
Added David Hagen, Head of Product at Luminex, says: “Every upgrade to our platform is client-driven, from the features we continue to add down to the specific appearance of the GUI. Joshua Opper and Robin Burr are coming to us with proven track records of getting technology to do what users want and need in order to make their own work as effective as possible.”

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by