T-Zero, a credit derivatives messaging and connectivity provider, has hired George Harrington as chief operating officer to expand its senior management team.
Launched in the summer of 2005 by e-trading platform provider Creditex to bring operational efficiencies to the credit derivatives industry, T-Zero enables market participants to automate post-trade processes by communicating with different credit derivatives trading systems.
The platform has built strong momentum over the past year as an increasing number of dealers, buy-side market participants and prime brokers have signed up for the service. T-Zero now has over 160 buy-side firms committed and 11 dealers live on its platform.
“We are very pleased to have George join our company as we grow our business to the next level and explore new initiatives in trade processing,” says T-Zero president Mark Beeston, to whom Harrington reports. “George’s expertise in credit derivatives and financial markets will be a tremendous asset as we work with the industry to solve trade processing challenges.”
Harrington joins T-Zero in its New York office after spending more than two years at Thomson TradeWeb where most recently he was product manager of its credit default swap index trading business. In has also held senior roles as an analyst and accountant with various financial organisations since the launch of his career in 1994.