Global institutional investment network Liquidnet today announced the appointment of Steven Nichols as its Head of NLP (Natural Language Processing) and Unstructured Data.

Mr Nichols joined Liquidnet through Liquidnet’s 2019 acquisition of the NLP technology company Prattle, where he was a Director of Data Science. He has been instrumental in the development of Liquidnet’s NLP capabilities and their integration into the Liquidnet Investment Analytics product suite, combining AI tools like machine learning and NLP with traditional and alternative data to help uncover the actionable insights hidden within data and content.

In his new role, Mr Nichols will guide the strategic direction of the NLP team while serving as one of the leaders on the Liquidnet data science team. He will report to Liquidnet’s Chief Data Scientist, Tom Doris.

Additionally, the company has added three new data scientists – Dr. Nicholas Burtch, Dr. Anthony Schramm and Yusong Liu – to its fast-growing team.

Dr. Burtch is a former recipient of the prestigious Harry S. Truman Fellowship and NSF Graduate Fellowship; his research has been published in multiple journals. Dr. Schramm was most recently a Graduate Research Fellow at Yale University and a Fellow at The Data Incubator in New York City. Liu joins Liquidnet from the University of Washington (Seattle), where he earned his master’s degree and oversaw projects on sentiment analysis using neural methods.

All three join Liquidnet with deep experience in natural language processing, quantitative analysis, machine learning, data visualization and algorithm development.

On October 9, 2002, interdealer broker TP ICAP PLC (LON:TCAP) confirmed that it has agreed definitive terms to acquire the entire issued share capital of Liquidnet Holdings, Inc. TP ICAP put the total consideration at between US$575 million and US$700 million, comprising cash consideration of US$525 million (subject to customary adjustments) payable on completion of the acquisition, non-contingent deferred consideration of US$50 million and contingent consideration of up to US$125 million.

The acquisition is expected to close in the first quarter of 2021.