Navesis-ETF, the fully electronic trading platform designed to enhance the way exchange traded funds (ETFs) are traded, today announced the appointment of Jason Griffin as Head of Sales, Navesis-ETF, as the platform continues its ambitious expansion plans.
Navesis-ETF has also released new matching functionality which will enable clients to run multiple matches, at potentially flat spreads, throughout the trading day and with no minimum size constraint.
Jason will be based at Tradition London, and will be responsible for global ETF sales for Navesis-ETF. He will report directly to Steve Vjestica, Head of Equity Products for Tradition Europe and Asia. Jason's main responsibility will be to promote and expand the Navesis-ETF electronic platform globally (in terms of the client base), regions covered and liquidity provided.
Jason has spent the past four years as a Director of European Broker Dealer Sales at Blackrock iShares, the largest ETF issuer in the world, which has seen phenomenal asset growth in this period. He has 18 years' financial services experience, predominantly in asset management, and is a qualified chartered accountant. He starts his role at Tradition today, 4 March 2013.
Navesis-ETF is available to all qualifying market participants, and since launching 10 months ago has already gone live with almost thirty blue-chip market participants, including seven market makers providing liquidity on a daily basis. The first institutional clients are now using the platform, recognising the benefits of better pricing and improved transparency.
Navesis-ETF launched 10 months ago, as a joint venture between Tradition and Nomura to increase transparency and efficiency, boost market liquidity, reduce costs and ensure regulatory-compliance in the ETF space. The platform enables market participants, including institutional clients, sell-side banks and market makers, to engage in intra-day and auction trading; referencing net asset value (NAV) prices in the ETF primary market for the first time and allowing market participants to fulfil NAV-based ETF orders in real-time, transparently, and at competitive prices.
Rupert Hodges, SEO, at Tradition commented: "We are delighted to announce the appointment of Jason Griffin to lead our Navesis-ETF Sales efforts. Jason brings an invaluable depth and breadth of experience and network of contacts in the ETF / Delta One space. We are firmly focused on the excellent growth opportunities for the Navesis platform this year. Jason's extensive & relevant background and relationships will enable Tradition to further expand this unique ETF solution for our clients."