David Klinger, who had helped Liquidnet start its Asian operations but left the company earlier this year, has joined Macquarie Securities, the broking arm of Macquarie Group.
Klinger, one of the region's veterans in electronic trading, enters a newly created role as executive director and head of execution services for Asia. Based in Hong Kong, he will be responsible for the firm's suite of execution products and services.
Macquarie Securities already provides electronic execution, portfolio trading services, execution trading and financial engineering. Klinger is coming in to consolidate these services, which suggests the firm is making a push in this area.
The company's electronic trading algorithms...