Hotspot has appointed Jon Weinberg as head of FX liquidity analysis. Weinberg will move into this newly created role from UBS, where he was head of liquidity management within the bank’s FX e-trading group.
At Hotspot, he will be responsible for creating data analytics aimed at enhancing the trading experience of Hotspot’s customers. Based in London, Weinberg will report directly to Bryan Harkins, head of US equities and global FX at CBOE, which recently acquired Hotspot’s parent group, Bats Global Markets.
“As we add new functionality and features, and broaden our ambitions for Hotspot, it’s important we match our long record of outstanding client service and support with a rigorous focus on the underlying data,” Harkins comments.
He adds: “Jon’s appointment, and the data-driven systems he’s creating, will strengthen what we do best: help clients source liquidity through a premium order matching and liquidity management process.”
Weinberg has both buy side and sell side experience. Prior to joining UBS, he spent four years as a FX quantitative electronic trader at KCG. Before that, he was a quantitative analyst at Morgan Stanley, also in a spot FX e-trading group, and an FX options trader and quantitative analyst at BNP Paribas.