NEW YORK (HedgeWorld.com)–HarborsidePlus Inc., which offers an anonymous block trading service, began giving access to Nasdaq’s block trading feature, Liquidity Tracker.
The firm also hired two new traders Carolyn Lewis and Thomas Logan, for its desk.
The basic reason for adding a connection to Liquidity Tracker is to broaden the available trading opportunities for its clients, said HarborsidePlus President and Chief Executive Robert C. Hall, in a statement. Liquidity Tracker is a feature of Nasdaq’s SuperMontage that determines which broker is most likely to want to trade a given block, based on recent past trades. The system also arranges for those brokers to interact and potentially trade.
The two new traders at HarborsidePlus will be vice presidents focusing on domestic trading, though Ms. Lewis has experience trading international stocks in her previous position as a managing director and international equity sales trader for ABN Amro, according to the HarborsidePlus statement. Mr. Logan previously worked for C.E. Unterberg Towbin, where he was a senior equity sales trader.