The prop trading firm has hired Ian Jack as president of its European operations. Jack will join in August and report to Adam Nunes, Hudson River’s New York-based head of business development, who confirmed the appointment.
Jack was most recently chief executive of the UK capital markets division of GBST, a financial services software provider. Before taking that role in September 2015, he spent more than seven years at NYSE, latterly as global head of its infrastructure business in New York.
Jack is a replacement for Landis Olson, who Financial News reported in May was to step down after more than seven years to relocate to Sweden. Olson, named as one of FN’s Rising Stars in Trading and Technology in 2013, joined Hudson River in 2009 from exchange operator Nasdaq, where he helped launch and develop Nasdaq OMX Europe, a pan-European trading platform.
He also worked at pioneering US trading platform Island and US agency broker Instinet.
Hudson River, founded in 2002 in New York, has become one of the most active proprietary trading firms operating on Europe’s exchanges.
It was the second most active proprietary trading firm on Nasdaq’s Nordic markets during June, lagging fellow HFT firm Spire Europe. Hudson River was the sixth most active firm overall on the markets, trading shares worth €7.1 billion, behind Spire in fifth place, according to data from the exchange.
Among Jack’s key responsibilities will be to act as Hudson River’s main contact with UK regulator the Financial Conduct Authority. He will also manage the firm’s relationships with exchanges, brokers, infrastructure providers and other counterparties.