Day: August 8, 2019

FIA Hires Byron

Don Byron has joined the Futures Industry Association (FIA) as head of global industry operations and execution. In this role, he will be responsible for developing and implementing industry solutions relating to clearing operations, execution technology, cybersecurity and market structure issues and will be the principal FIA liaison with the divisions and committees representing these […]

UBS Launches ORCA-Pro

Following on from the launch of its ORCA-Direct algo last year, UBS has introduced ORCA-Pro, a new GUI targeted at clients frequently using ORCA-Direct to execute FX. The ORCA-Direct algo tries to maximise the amount of liquidity available to users when executing FX by looking across ECNs, UBS’s principal liquidity and CME’s FX futures. The […]

BestX Hires Salvatore

BestX has hired Pete Salvatore as VP, sales and client support. Based in New York, Salvatore joins having most recently worked at ITG/Virtu Financial as an FX analytics account manager for six years. At ITG, he worked with Jim Cochrane, who is now MD and head of sales for North America at BestX. Prior to […]

CLS Volumes Confirm July Slowdown

The average daily volume (ADV) of FX trades submitted to CLS was $1.75 trillion in July, down 7.1% from June, but up 6.8% compared to July 2018. Swaps account for $1.25 trillion of CLS’s ADV last month, down from $1.3 trillion in June, but up from $1.15 trillion in July last year. Spot FX ADV […]

Seegers Trades Jefferies for Citadel Securities

Bryan Seegers is joining Citadel Securities next month in an eFX sales role, reporting to Kevin Kimmel, global head of eFX. He will be based in New York. Seegers was most recently with Jefferies, where he was an SVP responsible for global eFX trading, algo execution and liquidity management. Prior to the last two years […]