Earlier this month, Dash Financial Technologies added James Doherty as Head of Equity Product. Markets Media caught up with Doherty to ask him about his new role.
You’ve had a very impressive career in the electronic trading space. What attracted you to Dash?
I love working with clients who are into the details and nuances of trading. And I get excited by the camaraderie in solving a client’s problem. That has to start with complete transparency. At Dash that’s the mission. The ethos of complete client transparency is core and has been since the firm was launched eight years ago. Clients recognize this value – look no further than our dominating market share in listed options – and I believe it will be the foundation of the next industry innovation cycle.
What are your near-term goals at Dash?
The overarching goal is to continue bringing new insights to clients during all phases of the investment lifecycle – pre-, intra- and post-trade. We want clients to look forward to pulling up a trade analyzer because they get immediately actionable information. Whether it’s a macro data point that they want to relay to their PM, or an update on market conditions that changes how they are sourcing liquidity, we want clients to get definitive value from the insights we are providing.
How has the electronic trading business changed over the course of your career?
The pace of change in our industry is staggering. Facebook and modern electronic trading started at roughly the same time – roughly 2003 – and you could argue Facebook is just now hitting maturity. The US equities electronic market, on the other hand, reached maturity around 2009. That’s three times faster. We’re at the point today where the brokerage industry needs to open up every aspect and nuance of their process so they can work collaboratively with their clients to add value. Interestingly, it also appears that the buy side is starting to adopt the model where not every service or piece of content should fit within a per share payment model.
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