Provable Markets hires Andreassian and Foley to support Aurora
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Provable Markets hires Andreassian and Foley to support Aurora 18 May 2022US Reporter: Carmella Haswell
Image: Provable_Markets
Provable Markets has announced the hire of Rachel Andreassian and Brian Foley, who will join the firm's product and sales teams to support the growth of its alternative trading system (ATS) Aurora.
Andreassian joins the firm as director of product and market infrastructure. Previously, she held positions at Liquidnet and Barclays, where her areas of expertise at both firms were in electronic equity trading.
She held positions as product manager, where she focused on collaboration with buy-side
participants on automating workflows into the ATS and algorithms, in addition to oversight of the internal trading platforms.
Foley has been appointed as managing director of sales at Provable Markets, after heading sales at Proof Trading, where he led sales for the emerging equity execution platform.
Prior to this, Foley oversaw sales and business development in numerous capacities at IEX and Liquidnet. He led each platform through significant growth and adoption from their respective early stages.
Both hires will join the firm’s New York headquarters, where they will support Provable Markets’ cloud-native Aurora ATS. The firm says Aurora “seeks to set a higher standard for managing, trading, and optimising collateral by offering subscribers access to pragmatic digital workflows for securities lending, complex option block trades, and security-based swaps.”
The platform is set to go-live with securities lending in Q2 as approved submitter and partner to the Depository Trust and Clearing Corporation (DTCC) Securities Finance Transaction (SFT) Clearing Service, which provides National Securities Clearing Corporation (NSCC) members and sponsored firms access to central clearing for locked-in securities lending transactions.
Speaking on the new hires, Matt Cohen, co-founder and CEO of Provable Markets, comments: “Provable Markets is on a roll as we continue to expand our team. We could not be more proud of the work Halima Butt has done for the firm since joining last year, and are honoured to have her as our COO.
“With the addition of Rachel and Brian, and their leading industry expertise and talent, Provable Markets is in prime position to execute on its short and long-term vision.”
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Image: Provable_Markets 