About IlliquidX

Illiquidx Limited (Illiquidx) is an innovative independent financial services boutique specialised in illiquid markets, which caters to institutional, professional and high net worth investors. The firm’s activities focus on two areas: Sales & Trading and Advisory.

Illiquidx was established in 2009 by Celestino Amore and Galina Alabatchka to provide ingenious solutions to investors by enabling them to effectively price and trade illiquid assets including distressed debt and credit securities.

Our extensive network of contacts and our approach to, and expertise in, trading, settlement and corporate restructuring, ensure we can add significant value to our clients in resolving liquidity and execution issues within illiquid and distressed markets.


To create an efficient and transparent market by becoming the leading independent provider of liquidity, pricing and advisory solutions for illiquid securities deemed impossible to trade.


These are core to our business, and are instilled within our culture and team members

  • Clients are the boss, and rely on us
  • Show a strong work ethic by performing a high standard
  • Meet deadlines and manage time effectively
  • Produce high-quality results from the first attempt
  • Take ownership of project
  • Use company systems to make work and contributions transparent
  • Be punctual and presentable
  • Respect clients and colleagues
  • Listen to others
  • Progress through debate and hearing other opinions
  • Open door policy
  • Ask questions and respect the answers
  • Teamwork
  • Value client confidentiality
  • Show loyalty to clients
  • Value internal confidentiality
  • A mutual benefit is a shared benefit
  • The firm is committed to all staff
  • Protect the film’s interest as if they were yours
  • Generate new ideas that will improve our ways of doing business
  • Challenge existing practices
  • Be inquisitive
  • Have a vision and create new business through your network
  • Show passion and decisiveness
  • Focus on the target
  • Communicate effectively
  • Research before acting
  • Know who and when to ask
  • Think on the spot
  • Be proactive
  • Keep learning
  • Aspire to high performance
  • Create positive competition
  • Strive for awards and rewards


Corporate debt restructuring, NPL valuation and portfolio management, Institutional capital sourcing in distressed markets and sectors, bespoke buy-side sourcing solutions, appraisal of structured products, pre-bankruptcy and insolvency strategy.

Settlement and clearing

We ensure the correct clearing and settlement of distressed assets through some of the world’s leading providers of securities services by proactively considering all the special situations that might arise during this process.

Generating liquidity

Using our hybrid model, we harness the IlliquidX proprietary web platform and the experience and skill of our sales & trading team to deliver unparalleled liquidity solutions to our clients.

Sales and trading

Global fixed income high yield and frontier market bonds, bankruptcy claims (including client cryptocurrency deposits) and other illiquid securities (including distressed & special situations).