technology officer Colin Macandrew has left the company as the
derivatives tech vendor works to help clients comply with
the new European trade reporting rules, writes Joe
London-based Macandrew has left
the firm with immediate effect according to two sources close
to the firm, one of which said he left by mutual agreement.
A spokesperson for Trayport
declined to comment on Macandrew.
The announcement of
Macandrew’s departure comes at a crucial time for
Trayport as the trading solutions firm works to ensure its
clients can meet their new trade reporting obligations.
The European Market Infrastructure
Regulation (Emir) trade reporting rules came into force on
February 12, and now traders are required to report all
derivatives transactions to trade repositories that hold
records of all derivatives trade data.
is an integrated execution and regulatory compliance solution
designed to enable Trayport’s customers to meet
the Emir requirements.
Macandrew left the technology
company after working there for 15 months, in which time he was
responsible for all of Trayport’s software
He joined the company in December
2012 as a development specialist with over 20 years of
experience in delivering trading systems.
Before joining Trayport, Macandrew
worked as a programme lead at the Financial Times.
In 1992 he joined Swiss bank UBS
as a senior design architect for its FX/precious metals trading
systems before leaving in 1999.
Since then he has also held roles
as global equity markets technology director for Macquarie Bank
in Sydney and as a senior consultant at Thoughtswork, a global
software delivery and products company.
Trayport is owned by GFI Group,
the international inter-dealer broker specialising in
over-the-counter derivatives and related securities.