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31st July, 2008 - Cicada to add Nicolas Lévy to its executive team

Cicada Appoints Managing Director for MarketPrizm


 

Nicolas Lévy, Managing Director, Cicada, MarketPrizm: "MarketPrizm changes the game and makes access to these markets cost effective and flexible.

Cicada has announced the addition of Nicolas Lévy to its executive team. Nicolas has joined as Managing Director, responsible for development and expansion of the companys MarketPrizm business line.

Cicada has developed MarketPrizm as a suite of services to help buy- and sell-side firms address the growing costs and challenges associated with algo trading in Europe since the introduction of MiFID and increased market fragmentation.

Delivered as an ASP, MarketPrizm is an innovation that enables firms of all sizes to conduct algo trading and achieve best execution in the European marketplace.

Prior to Cicada, Mr. Lévy was CEO of GL Settle. On joining Cicada, he said, Dealing with a growing number of trading platforms in a fast moving environment creates new challenges for sell- and buy-side firms, which are now facing the high costs of setting up and maintaining the necessary data and connectivity infrastructure. MarketPrizm changes the game and makes access to these markets cost effective and flexible.

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