Exclusive: ConneXXion Markets goes live
09 December 2020 UK
Image: ConneXXion Markets
ConneXXion Markets, a new cloud-based electronic secured finance solution aimed initially at asset managers, has now gone live and settled its first trades.
The platform aims to offer secured finance market participants enhanced connectivity and consequently improve market liquidity and client performance. It also aims to remove overall complexity in trading and help futureproof compliance requirements.
The UK-based platform is the brainchild of Co-founders and securities finance market specialists Rob Verrillo, Tim McCall and Gareth Mitchell who serve as ConneXXion’s CEO, COO, and head of client relations and technology, respectively.
Verrillo previously ran trading desks at Nomura, Royal Bank of Scotland, Lehman Brothers and UBS, while McCall brings over 20 years’ experience of interacting with the buy-side. Prior to co-founding ConneXXion, Mitchell was global trading head and product head for Citibank NA’s agency securities lending business covering Europe, the Middle East and Africa.
Also in the team is Dan James, Chairman, and Peter Joos, who also sits on the sales desk.
James was previously with Aviva Investors for just over a decade as CIO of the global fixed income team, covering £280 billion in assets under management across six locations and managing global budgets, including distribution.
Meanwhile, Joos boasts a 30-year career in the securities industry working with global investors in the US, UK and Russia where he developed cash and financing strategies.
According to Mitchell, the ConneXXion Markets’ solution is the result of market specialists identifying and developing new ways to release pools of liquidity, previously closed to many participants. He adds that ConneXXion’s platform framework and legal structures go beyond other similar digital marketplace offerings, allowing users to conduct trade types that they cannot do today.
Whilst the global secured finance markets continue to grow in both importance and size, participants face the challenge of increased regulation and diminishing liquidity pools.
Developed and delivered by market specialists, ConneXXion Markets is a secure cloud-based electronic platform that meets these challenges head-on to deliver tangible benefits.
Driven by the challenges facing our customers, ConneXXion Markets delivers the insight, solutions and expertise needed to electronify transactions and provide access to deeper, more diverse pools of liquidity.
The platform aims to offer secured finance market participants enhanced connectivity and consequently improve market liquidity and client performance. It also aims to remove overall complexity in trading and help futureproof compliance requirements.
The UK-based platform is the brainchild of Co-founders and securities finance market specialists Rob Verrillo, Tim McCall and Gareth Mitchell who serve as ConneXXion’s CEO, COO, and head of client relations and technology, respectively.
Verrillo previously ran trading desks at Nomura, Royal Bank of Scotland, Lehman Brothers and UBS, while McCall brings over 20 years’ experience of interacting with the buy-side. Prior to co-founding ConneXXion, Mitchell was global trading head and product head for Citibank NA’s agency securities lending business covering Europe, the Middle East and Africa.
Also in the team is Dan James, Chairman, and Peter Joos, who also sits on the sales desk.
James was previously with Aviva Investors for just over a decade as CIO of the global fixed income team, covering £280 billion in assets under management across six locations and managing global budgets, including distribution.
Meanwhile, Joos boasts a 30-year career in the securities industry working with global investors in the US, UK and Russia where he developed cash and financing strategies.
According to Mitchell, the ConneXXion Markets’ solution is the result of market specialists identifying and developing new ways to release pools of liquidity, previously closed to many participants. He adds that ConneXXion’s platform framework and legal structures go beyond other similar digital marketplace offerings, allowing users to conduct trade types that they cannot do today.
Whilst the global secured finance markets continue to grow in both importance and size, participants face the challenge of increased regulation and diminishing liquidity pools.
Developed and delivered by market specialists, ConneXXion Markets is a secure cloud-based electronic platform that meets these challenges head-on to deliver tangible benefits.
Driven by the challenges facing our customers, ConneXXion Markets delivers the insight, solutions and expertise needed to electronify transactions and provide access to deeper, more diverse pools of liquidity.
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