Bloomberg Tradebook is exiting the FX business, winding down
operations by March 1. Profit & Loss understands that New York-based Kevin
Cudahy, head of FX sales, North America, and Paul Beatty, global manager, are
no longer at Bloomberg Tradebook. A spokesperson declines to comment on
Beatty had been with the company for nearly 17 years, while Cudahy
joined Tradebook in mid-2013.
Beatty’s Linkedin profile suggests he spent his career at
Bloomberg Tradebook. Cudahy, meanwhile, spent more than 10 years at BNP
Paribas, where he worked on the FX sales desk. He also spent a period at CCM
Securities, a Bluefin company, as MD of FX sales and trading. Prior to these
roles, Cudahy worked in sales at WestLB, but started his career in trading,
working at Credit Suisse, RepNat and NatWest.
Bloomberg Tradebook will maintain its
agency brokerage, data, analytics, desktop distribution, counterparty
connectivity and routing business. The Bloomberg FXGO business is unaffected.