- Pre-Trade Risk Control an increasing focus for banks and securities firms in the region
- Appointment leverages GreySpark’s existing etrading and risk expertise in capital markets
HONG KONG – 23rd July 2014 – GreySpark Partners, an international capital markets consulting firm, today announced the appointment of Stephane Lannoy as Managing Consultant, where he will lead the firm’s Pre-Trade Risk Control practice in Hong Kong.
Lannoy brings to GreySpark over 20 years’ experience in senior technology roles at exchanges, brokerages and trading and software providers in Europe, the US and Asia. As a former chief information officer at Fimat/Newedge Lannoy contributed to the development of the firm’s global FCM business. He then served as Asia managing director at RTS Realtime Systems. Prior to joining GreySpark Lannoy was executive director of operations and technology at the Hong Kong Mercantile Exchange.
As a Managing Consultant based in GreySpark’s Hong Kong office, Lannoy will focus on expanding the firm’s Pre-Trade Risk Control practice. This involves working with banks and securities firms in the Asia Pacific region to assess existing controls applied to electronic trading execution systems against best practice and to advise them on, and where necessary implement, control improvements.
Stephane Lannoy commented, “The rise and increasing complexity of electronic trading systems has increased the potential for a significant market impact from a breakdown in execution flow whether it be from a machine or ‘fat finger’ induced flash crash to exchange outages caused by structural events. GreySpark is already a leader in consultancy services in etrading and risk within capital markets. The Pre-Trade Risk Control practice at GreySpark leverages that expertise to enable clients to benchmark their Pre-Trade Risk controls and strengthen them to reduce the risk of these kind of failures in the future.”
Andrew McLauchlan, Managing Director, GreySpark Partners, Asia Pacific added, “Clients are demanding more and more from their electronic trading systems such as access to a wider range of dark pools, low and ultra-low latency market access and sophisticated algorithms. At the same time there are increasing risk and compliance controls due to higher regulatory requirements. Stephane’s extensive experience bolsters our existing capability in this area and enables us to work closely with clients to assess their needs and where needed implement appropriate solutions.”
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