Nik Wood lands at Finalto after 5-year tenure with iS Prime

abdelaziz Fathi

Trading software and liquidity services provider Finalto has on-boarded iS Prime’s long-serving executive Nik Wood as the newest addition to its liquidity team with immediate effect.

Nik had spent the bulk of his career at FCA-regulated prime brokerage and execution venue, iS Prime. He joined the firm back in 2018 as an electronic trading and analytics specialist and rose through the ranks until he held recently the position of iS Prime’s liquidity manager.

During a five-year tenure, Nik Wood’s primary responsibility has been to ensure competitive pricing for clients while analyzing trade flows and post-trade outcomes. By employing in-depth flow and aftermath analysis, he facilitates the best possible pricing for clients while assisting liquidity providers in refining their strategies to secure more business, he wrote on his Linkedin profile.

iS Prime was in the news recently after its co-founders Raj Sitlani and Jonathan Brewer left the business they established back in 2014. The move came shortly after ISAM Capital Markets, which includes IS Prime Limited (FCA), IS Prime Hong Kong Limited (SFC), IS Risk Analytics Inc (CFTC) and IS Prime Markets Limited (CIMA), has become iSAM Securities to reflect the culmination of its extensive business transformation.

Among Nik’s skill set is analyzing pricing competitiveness using key metrics like market share, skew, and spread analysis. Nik’s collaborative connections with various technology vendors, such as PrimeXM, OneZero, MaxxTrader, and MetaTrader, have further strengthened his capabilities.

With his new role at Finalto, this insightful analysis should empower liquidity providers to adjust their pricing strategies strategically, ultimately benefiting clients by providing them with better pricing options and increased trade volumes.

Other stops include several roles at State Street’s eFX unit, where he spent four years between 2014 and 2018.

The past few month has seen Finalto consistently focus on upgrading its offering, culminating in the winning of Best B2B Liquidity Provider (Prime of Prime) at FMLS22 Awards, just five months after bagging the same award at the Ultimate Fintech Awards in June.

 Finalto boasts a wide range of services and solutions to create the perfect technology proposition for a brokerage business. That includes a complete end-to-end solution consisting of front-end platforms, back-office administration, risk management tools, pricing tools and enhanced connectivity.

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