THETA, the specialist provider of buy-side trading technology as a service, has appointed Paul Flanagan as Strategic Sales Advisor to manage relationships with asset managers, hedge funds, fund managers and pension funds.
Paul has been selling fixed income securities to financial institutions for over 30 years. Most recently, he was Managing Director for Institutional Investor Sales at Lloyds Bank in London, where he worked for over five years. He previously worked in Fixed Income Sales Management at Societe Generale, HSBC, Citi and Deutsche Bank.
Paul joins as THETA will roll out its buy-side trading system, Apollo, later in 2021. Trade landscapes are evolving.
Abdullah Hiyatt, THETA Founder and CEO, commented, “As we get closer to the Apollo rollout, we continue to raise awareness among buyers and expand our sales pipeline. The appointment of Paul accelerates this process as he provides us with unrivaled fixed income knowledge, business development expertise and a wealth of high-level industry relationships. ”
Paul Flanagan commented, “As the retail landscape evolves rapidly, buy-side firms are increasingly demanding more flexible, modern, and efficient electronic trading technology. THETA offers an ideal technology platform for automating electronic trading workflows along with actionable integrated pre-trade price data. From initial discussions with market participants, there is already great interest in THETA’s super aggregator Apollo. I am confident that by introducing Apollo into my industry relationships, we will quickly expand distribution to a large group of institutional investors. “
The Apollo platform offers multi-channel liquidity aggregation and trading, initially for fixed income. Forex trading will be added later in 2021 and stock trading in 2022. THETA has already created trading and data connectors for MarketAxess, Tradeweb, MTS BondVision, UBS Bond Port, Neptune, BondCliQ, IHS Markit, ICE Data Services and Refinitiv. The SaaS platform can be integrated into the customers’ existing P / OMS systems via FIX and REST APIs.
By working with niche and leading asset managers worth $ 5 trillion AUM, THETA bridges the gap between current EMS capabilities and the evolving new trading landscape required by traders and regulators.
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