Exclusive: iS Prime liquidity manager Nik Wood joins Finalto
FNG Exclusive… FNG has learned that longtime iS Prime liquidity executive Nik Wood has left the company, and joined rival institutional brokerage Finalto. At Finalto he will be Senior Liquidity and E-Trading Analyst.
Nik Wood had been with London based prime of prime broker iS Prime since 2018, working in Electronic Trading and Analytics. Effectively, he acted as the liquidity manager at iS Prime for the firm’s liquidity providers (banks, non-banks and institutional brokers), ensuring that the company was receiving competitive pricing for its clients, whilst undertaking flow and aftermath analysis of trades.
Prior to iS Prime Nik worked at State Street for three years, in State Street’s eFX business.
Nik Wood is the second executive to leave iS Prime for Finalto in the past few months, joining Marco Maggioni who joined Finalto earlier this year as Sales Director. There have been a number of other senior executive changes at iS Prime in recent months, including the departure of Asia head Will Robbins who joined Velocity Trade, after iS Prime co-founders Raj Sitlani and Jonathan Brewer exited the business at the beginning of the year.