RedKite hires new sales director 24 August 2011London Reporter: Anna Reitman
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Redkite Financial Markets has appointed Matthew Coupe in the role of sales director. He joins the specialist financial markets surveillance firm at a time when global regulatory initiatives are driving market demand.
Justin Amos, CEO, Redkite Financial Markets, said: “With MiFID II and the Markets Abuse Directive review in the pipeline, and following Esma’s recent consultation paper calling for further regulation around pre- and post-trade risk, and real-time market abuse monitoring, market surveillance is high on the market’s agenda.”
Coupe joins Redkite from FTEN, where he was director of sales, focusing on high frequency trading, real-time risk and execution systems. He is an expert in the post-MiFID regulatory landscape, how it has affected electronic trading and micro market structure and the implications for trading desks and compliance departments. Coupe has previously worked for Turquoise Execution Services, Ullink and Thomson Financial.
“Regulators, exchanges, and trading firms are taking significant steps to establish tighter scrutiny of trading practices and assess their own means to identify incidents of market abuse. Redkite’s real-time system has the functionality and flexibility, with rapid time to market and low total cost of ownership, to provide the solution of choice in market surveillance,” says Coupe.
The appointment follows Redkite’s recent investment from leading European VC firm DFJ Esprit.
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