Scott Brusso has left ICE Futures US, where he was senior director, FX and metals.
Although a spokesperson for ICE declines to comment on Brusso’s departure, Profit & Loss understands that the FX business at the exchange is now being led by Matthew Ryan, a senior director who has traditionally been focused on the soft commodities markets.
Based in Chicago, Brusso had been with the exchange group since 2012. Prior to that, he worked for over 18 years at CME Group as director of FX products.
Whilst at CME, he was part of the team that launched the exchange’s emerging market pairs for the Mexican peso, Brazilian real, South African rand and Russian rouble. In 1999, Brusso began the transition from the Deutsche mark – one of CME’s more liquid contracts at the time – to the euro, developing a process whereby customers could transfer their positions with as little impact as possible.
In April 2001, Brusso successfully oversaw the expansion of access to CME’s foreign exchange products to CME Globex, overcoming resistance from market participants hesitant to start streaming live data feeds from the platform.
Before joining the CME, Brusso worked in the managed funds sector trading FX cash, futures and options, was the chief dealer for Banco Di Roma and worked at the Market Logic Group, where he analysed global FX market movements. He began his career in financial services back in 1983 as a customer arbitrage trader.