FXMarketSpace, the OTC FX platform joint venture between Reuters and CME, has opened an office in Hong Kong after having been authorised as a money broker by the Hong Kong Monetary Authority.
Tarun Anand, senior vice president, head of strategy and head of sales for Asia, is moving to be based in the Hong Kong office with responsibility for building the business across Asia and developing customer relations. Anand most recently worked for FXMarketSpace in New York and previously he was global head of treasury services at Reuters.
Iain Bonner-Fomes, vice president, head of customer solutions, Asia-Pacific is also locating to the Hong Kong office. Bonner-Fomes joined FXMarketSpace in London in January 2007 from Charles River Development.
Mark Robson, CEO of FXMarketSpace, says, “The opening of our Hong Kong office and authorisation from the Hong Kong Monetary Authority are central to our expansion in the Asia-Pacific region, further increasing the diversity of our market.”
This new office follows the establishment of FXMarketSpace offices in London, New York, Chicago and Tokyo.