Amsterdam, 31 August - Hyphe, a digital asset liquidity provider, has hired former UBS and Deutsche Bank quant trader, Timur Bakeev, as Head of Trading to accelerate the firm’s efforts in enabling European financial institutions to offer digital currency trading to their customers. In his new position, Bakeev will be responsible for managing Hyphe’s proprietary liquidity pool - making the core product more efficient - and helping prepare the way for a fast-approaching future where digitally tokenised assets will be the norm, creating many more liquid markets than currently exist.
“In order to offer financial institutions low-cost, easy-access liquidity, our own systems need to operate with a high degree of sensitivity to signals, smart flow management, and algorithmic hedging at their core”, says Hyphe Co-founder and CEO, Dolf Diederichsen. “But we also need to create and manage a liquidity pool that can adjust to the world we see over the horizon. Timur understands the importance of this and has the proven track record to take it all to the next level, merging traditional financial services and digital assets”.
Bakeev, Head of Trading at Hyphe, says: “Financial markets are changing. Every asset has the potential to become tokenised and tradeable; and once they are tradable, the market needs liquidity. I am excited to bring my institutional experience to the product Hyphe has created and see it scale even further”.