John Marchese has joined 360T as head of corporate sales, North America.Based in New York, Marchese arrives at the firm from FXall, where he was most recently working as director, senior FX transactions sales. Marchese had been with FXall since 2008, having previously spent four years at Bear Stearns, where he was focused on the firm’s prime brokerage business.Prior to that, Marchese had stints at UBS as a prime brokerage specialist and as a trading assistant at AllianceBernstein.
Eurobase, CMC Markets, LCH SA…
LMAX Exchange has added two salespeople to its roster in Asia-Pacific with the hiring of Jason Huang and Shang Lin.
Huang has joined as head of sales for Asia Pacific, based in Hong Kong, he joins from CFH Systems Asia, where, as a managing director, he established and led the firm’s Asia office.
Lin has joined as institutional sales executive for Asia Pacific, based in Singapore and joins from Refinitiv (formerly Thomson Reuters), where she focused on financial institutions and corporates for the FXall business.
Fan Xu has been appointed head of Greater China Business for Saxo Bank, based in Shanghai and reporting to Saxo Bank founder and CEO, Kim Fournais. Xu will be responsible for the firm’s strategy for the region. He will be tasked with managing and developing relationships with key stakeholders and partners in Greater China, ensuring that the firm is well placed to leverage opportunities in the region as China’s financial markets continue to open.Xu joins with over 20 years of experience in financial services and markets, having previously worked for Citigroup in New York and China Everbright Bank in Beijing, and most recently, as CIO at CITIC Prudential Life Insurance in Beijing.
Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has appointed Sherry Madera as global head of industry and government affairs to “enhance the company’s engagement across government, policy initiatives, industry trends and regulatory developments”.
The firm says this engagement will support its role in global financial markets and “offers customers further opportunity to drive efficiency, transparency and collaboration across the public and private sector”. It adds that Madera and her team will engage with customers, industry groups, regulators and governments to help tackle key customer challenges and advocate for fair, efficient and sustainable financial markets.
LMAX Exchange has appointed Himanshu Kher as group treasurer, a newly-created role he began at the start of 2019.
Kher joins from IG Group, for whom he was also group treasurer and will report to Grant Pomeroy, group chief financial officer, and brings 18 years of treasury, corporate finance, risk management and stakeholder management experience from a career spent with global brokerages, banks and consulting organisations.
Prior to joining IG, Kher was a director within Group Treasury at Barclays, he has also held roles at Boston Consulting and PwC.
Capitolis has made three senior hires as it looks to continue expanding its novation business. Paul Perdoni and Sam Grant joined the firm in December, with the former charged with focusing on EMEA strategic accounts and the latter on EMEA buy side sales. In addition, Ralitza Fortunova will join Capitolis in February 2019, she has been appointed to the role of managing US strategic accounts. Perdoni and Grant are based in London, while Fortunova will be based in New York.
B2C2, a cryptocurrency liquidity provider, has launched streaming pricing with point-and-click execution on its OTC platform.For the first time, B2C2’s clients will be able to view and execute trades on a real-time, two-way market via the firm’s secure web interface. The new functionality allows market participants to monitor live pricing in user defined quantities and execute with the click of a button, as they would on traditional FX trading platforms.Speaking to Profit & Loss about the launch, Philip Gillespie, CEO of B2C2 Japan, says: “We were one of the first firms to issue RFQ trading electronically and we already have a web portal where clients can go for trading and settlement. What we have done now is the next step forward, so that when a client goes onto the web-based GUI, not only do they have the RFQ and settlement request, but they can also see continuously streaming, two-way pricing.”
David Lyons has joined FastMatch as head of product and business development, reporting to CEO Kevin Wolf.Based in New York, Lyons was previously working as a consultant, advising firms on electronic trading, electronic risk management, best execution and transaction cost analysis (TCA).Prior to that, Lyons was the global head of EBS Hedge between 2014 and 2016, when the platform was still part of the ICAP business. Lyons has spent most of his FX career on the banking side though, having spent 20 years at RBS in a variety of FX-focused roles, including head of electronic spot FX, in both London and New York.
TriOptima has launched triCalculate IM Analytics, a new tool to provide insight into the options for initial margin (IM) calculation, helps with the identification and prioritisation of in-scope counterparties and aids trading decisions to reduce future IM costs, the group says.The service supports organisations that are in-scope for Phases 4 and 5 of the IM requirements, which come into effect in 2019/20. These two phases are anticipated to pull in thousands of regional banks and buy side participants with portfolios above €750bn, and €8bn in notional value, respectively. Those coming into scope are faced with a variety of operational challenges around the calculation and exchange of IM.“With less than a year to go until the next IM tranche, regulators will expect to see tried and tested IM calculation models supported by data well in advance of the September deadline.