Barclays Capital said it appointed Bill White as Head of Equities Electronic Trading. White will be based in New York and report to Joseph Corcoran, Head of Equities Trading, and Richard Cunningham, Head of Equities Distribution.
White was previously head of the firm's Designated Market Makers (DMM) business at the New York Stock Exchange; that position will now be held by Evan Solomon, a director in the firm's DMM business, who will report to White.
By working with other business heads from the Equities division, White will manage the firm's integrated strategy across electronic product development, the distribution of those products to clients, and liquidity aggregation and provision. He will draw on his experience of building and operating options trading platforms, structured products businesses and market making to reinforce Barclays Capital's position as a leader in the electronic equities market, the firm stated in its release today.
In a statement, Corcoran commented, "Bill has successfully grown our DMM business to become the leading market maker on the NYSE. Our clients will benefit from his expertise in product development, service and distribution as we continue our work to be a premier destination for liquidity across the equities markets."