Phil Buck resurfaces at Ediphy
23 September London
Image: Andrey/Adobe.com
Former-GLMX managing director Phil Buck has resurfaced as chief operating officer of Ediphy, a new platform seeking to enhance best practice to buy side firms’ fixed income businesses.
Ediphy, like GLMX, is in the electronic trading space with a current focus on swaps and bonds, though the proposition is different, Buck explains.
Buck joined the firm earlier this month after just over two years growing GLMX's UK and Europe businesses from its London office.
Before that, he held several senior positions at ION, between 2006 and 2017, including his latest as CEO of ION Repo, focused on securities lending and collateral management. He also served as global head of sales and CEO of ION's North American business before that.
“I am super excited to be working with such a talented team at Ediphy, Buck tells SLT. "Electronification has been profoundly transformational to many areas of our lives as consumers – and yet so much of the potential has yet to be realised in the financial markets."
“While repo and securities lending remains very much part of my DNA, I’m looking forward to the opportunity to broaden into other areas,” he adds.
Chris Murphy, CEO and co-founder of Ediphy, says: “We are absolutely thrilled to have someone with Phil's calibre and experience join the team.
“He shares the same passion to bring simplification and automation to these markets, helping to drive down costs and improve returns.”
What is Ediphy?
Ediphy was launched in 2017 by Murphy, UBS’ former global co-head of foreign exchange, rates and credit, and Daniel Wild, previously UBS’ head of data analytics, who now serves as Ediphy’s CTO.
It is agnostic as to where the trade happens and, rather than being a specific venue, aims to be a one-stop partner for achieving best execution across a multitude of liquidity sources.
It further promises to apply a combination of trader knowledge and artificial intelligence algorithms along with full transparency on the decision-making.
The platform also makes use of, and offers free access to, price and trade information relevant to the second Markets in Financial Instruments Directive.
Ediphy, like GLMX, is in the electronic trading space with a current focus on swaps and bonds, though the proposition is different, Buck explains.
Buck joined the firm earlier this month after just over two years growing GLMX's UK and Europe businesses from its London office.
Before that, he held several senior positions at ION, between 2006 and 2017, including his latest as CEO of ION Repo, focused on securities lending and collateral management. He also served as global head of sales and CEO of ION's North American business before that.
“I am super excited to be working with such a talented team at Ediphy, Buck tells SLT. "Electronification has been profoundly transformational to many areas of our lives as consumers – and yet so much of the potential has yet to be realised in the financial markets."
“While repo and securities lending remains very much part of my DNA, I’m looking forward to the opportunity to broaden into other areas,” he adds.
Chris Murphy, CEO and co-founder of Ediphy, says: “We are absolutely thrilled to have someone with Phil's calibre and experience join the team.
“He shares the same passion to bring simplification and automation to these markets, helping to drive down costs and improve returns.”
What is Ediphy?
Ediphy was launched in 2017 by Murphy, UBS’ former global co-head of foreign exchange, rates and credit, and Daniel Wild, previously UBS’ head of data analytics, who now serves as Ediphy’s CTO.
It is agnostic as to where the trade happens and, rather than being a specific venue, aims to be a one-stop partner for achieving best execution across a multitude of liquidity sources.
It further promises to apply a combination of trader knowledge and artificial intelligence algorithms along with full transparency on the decision-making.
The platform also makes use of, and offers free access to, price and trade information relevant to the second Markets in Financial Instruments Directive.
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