Company Names Zo Abed Head of Execution Algorithms & TCA in London to Boost the Capabilities of its Liquidity Management Platform
NEW YORK – September 26, 2014 – Seabury Financial Solutions LLC (d/b/a FXone), a subsidiary of Seabury Capital LLC and a provider of market leading liquidity management system, announced today that it would introduce comprehensive Execution Algorithms and Transaction Cost Analysis (TCA) to its market leading liquidity management platform to deliver an enhanced product suite for institutional FX e-trading.
To spearhead this key product initiative, FXone named Zo Abed Head of Execution Algorithms & TCA, who will lead development efforts to establish a stand-alone execution algorithm and TCA solution complete with a suite of algos, analytics, and the all-important monitoring and intervention tools.
FXone President & Chief Executive Officer Rosario M. Ingargiola underscored that the company is “experiencing rapid growth with its market leading platform” in response to a significant demand in the market for top technology with a commercial model that has no up-front costs to clients and no charges to liquidity providers. “We believe our growth trajectory is inextricably linked, however, to delivering transparency and control over liquidity and execution to clients. A key part of our strategy involves provision of bank neutral execution algorithms for best execution and TCA tools.”
Rosario added, “Therefore, Mr. Abed is best suited to lead the development of our algorithms and TCA tools. We’re very pleased to have him in this important role, and look forward to unveiling these new powerful tools in the very near-term.”
Mr. Abed brings extensive experience to FXone, having held positions in the industry that include Head of Electronic Trading and Delta 1 Products Development, Asia, Deutsche Bank, Hong Kong, Head of EMEA Electronic Trading Product Development, Merrill Lynch, London, U.K., and Senior System Architect & Developer, Deutsche Bank, London, U.K. During his career, Mr. Abed has designed and implemented execution algo frameworks and execution algorithms including adaptive strategies and dynamic TCA. He has also migrated the U.S. algo trading and execution platform to the EMEA, being an early developer of the Autobahn platform.
“I’m very thrilled to join the FXone team and contribute to the extension of FXone’s product suite,” said Zo Abed. “I’ve been living and breathing Algorithmic Trading products for the last 12 years. I look forward to working with the team to develop and deliver sophisticated trading ‘Automatons,’ which will certainly give our clients an edge over their competitors.”
Mr. Abed earned his B.Sc. in Computer Science from London University – Queen Mary College and his Master’s in Artificial Neural Networks & Info Processing from London University – Kings College.
FXone – Seabury’s market leading Liquidity Management System is built on top of the most advanced technology in the industry. FXone offers a full suite of execution services, Smart Order Routing, Execution Algos, and TCA. Access to any LP is via industry standard FIX API or the company’s high performance Binary API and the most powerful and flexible GUI in the institutional space. FXone allows user management, real-time Pre-trade Risk checks and customized pricing, provides access to tick data with full market depth from the Tick Database, and offers Post-trade Messaging to most prime brokerage and vendor solutions. www.fxone.com
ABOUT SEABURY GROUP
Seabury Capital is a leading global advisory and professional services firm that delivers diversified and responsive business solutions to clients in Aviation, Aerospace & Defense, Transportation, Financial Services, Insurance and related industries. Since 1995, Seabury has partnered with more than 300 clients on 1,000+ engagements to solve their most complex challenges through an integrated approach to consulting, investment banking, asset management and information technology. Our more than 275 professionals worldwide are top-tier bankers, consultants, technology experts and former executives who share a passion for delivering innovative and intuitive solutions geared toward our clients’ diverse and emerging needs. Headquartered in New York, Seabury and its subsidiaries are based in 14 countries on five continents. www.seaburygroup.com