Day: 13 August 2018

Former Fastmatch CEO Files Lawsuit Against Euronext

Dmitri Galinov, founder and former CEO of FastMatch, has announced that he has filed a lawsuit in the US District Court for the Southern District of New York against FastMatch and Euronext US for the unlawful termination of his employment.
Galinov left Fastmatch just over one year after Euronext acquired a 90% stake in the company, his departure was seen by many at the time as surprising.
The lawsuit asserts that Galinov was fired in June 2018 “improperly, unceremoniously, and under false pretense” as part of “a Machiavellian scheme”.

And Finally…

Markets are busy but there’s not much happening market structure wise so let me take this opportunity to offer some consumer advice/life coaching to readers. If you work in foreign exchange, you are bound, at some stage, to be asked, “what do you think of the (fill in currency)?” You have two choices – either mumble something about it not going far (without defining “far”), or make a big, bold prediction (with no time horizon). In both cases, be prepared to blag it.

P&L Talk Series – Barracuda FX

The FX Global Code of Conduct has had a big impact on how FX markets operate, nowhere more so than in the area of order management. Colin Lambert talks to Kieran Fitzpatrick, CEO and founder of Barracuda FX, about the impact of the Code; the need for transparency around order management and the technology required to deliver it. They also discuss the opportunities facing regional banks in order management, as well as look at why some participants still want to do things manually.

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