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IlliquidX doubles trading volumes in January

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IlliquidX, a financial services boutique which enables clients to price and trade illiquid securities, says it has had a strong start to 2010 with January traded notional volumes more than double those of December 2009.

IlliquidX currently has over EUR1bn of assets listed on its web based platform.
Celestino Amore (pictured), chief executive and founder of IlliquidX, says: “We had a bumper second half of 2009, and our rapid growth looks set to continue this year. Since starting operations in March 2009, we are now connected with over 600 participants in the European distressed debt and illiquid securities market.”

The firm has made several hires over the past few months and has moved to a larger office.

Most recently, Nagi Kamar joined from Calyon to advise and execute on synthetic structured credit products such as CSOs.

Meanwhile, Nasir Zubairi will be leveraging his experience from RBS and Icap electronic broking to take the lead on business development, focusing on marketing, alliances and enhancing the firm’s service offering.

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