Industry Bids Farewell to TradingScreen Founder Buhannic

Following news that industry veteran and founder and CEO of TradingScreen, Philippe Buhannic, has died, the Futures Industry Association (FIA) issued a statement, acknowledging Buhannic’s pioneering role in electronic trading.

The statement, issued by FIA’s president and CEO, Walt Lukken, and the chairman of FIA’s board of directors, Jerome Kemp, the global head of futures, clearing and collateral at Citigroup Global Markets, says: “We are saddened by the news that Philippe Buhannic has passed away. Philippe was one of the pioneers of electronic trading in the futures industry while serving in leadership positions at Fimat, Credit Suisse, and the firm he co-founded, TradingScreen. He also served on the board of FIA from 1999 to 2013, promoting modernisation and innovative developments within the futures industry during his tenure. Philippe was a hugely influential person in our industry and one of the visionaries who helped drive the technology innovations that transformed the global listed derivatives markets during the 1990s and 2000s. We honour him for his contributions to the industry and express our condolences to his family and friends.”

Buhannic’s career spanned 30+ years. He was a widely recognised authority on electronic trading, clearing and prime brokerage, as well as electronic customer information systems. He revolutionised the trading space by introducing the industry’s first listed, web-based derivatives trading platform (PrimeTrade). He also conceived the first execution management system (EMS) 16 years ago – a term he coined on his personal blog in the year 2000.

He also served as the chairman and CEO of Nexsmart, which he founded in 2016 to solve the liquidity and capital shortage problems that financial institutions and buy side managers face.

Buhannic was a founder of TradingScreen, which opened in May 2000 as a multi-product EMS trading platform to assist clients in complying with best execution obligations under MiFID. Prior to this, he oversaw the December 1999 release of Prime Trade FX, part of the Prime Trade suite of online products launched by Credit Suisse First Boston (CSFB) under his guidance.

Buhannic worked at CSFB in New York from 1995 to 2000, as a managing director overseeing the listed derivatives, prime brokerage (FX, fixed income and equities) and e-commerce businesses. Buhannic was responsible for creating and implementing CFSB’s e-commerce products, including the “Prime Family” comprised of PrimeTrade, PrimeClear, PrimeBroker and PrimeFund. PrimeTrade was the first electronic trading system for listed derivatives, FX, swaps and fixed income.

Prior to CSFB, he served as chairman and CEO of Fimat from 1993 to 1995. Prior to this, he worked as deputy chief financial officer at Credit Commercial de France for six years, overseeing FX and interest rates, as well as at Dow Chemicals, managing FX and interest rate exposures.

Julie Ros

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in ,