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LMAX Expands APAC Presence with New Hire

LMAX Exchange (Lmax) has appointed Quentin Miller to the newly created position of head of institutional FX for Asia Pacific.

Based in Singapore, Miller will be responsible for growing the institutional business in the region and will report to Scott Moffat, the managing director for Asia Pacific.

Miller joins from Standard Chartered, where he was executive director of e-trading in Singapore. He has also held senior roles at Commerzbank, RBS and JP Morgan Chase in Singapore and London.

In a release issued today, the firm says the appointment enhances its distribution capabilities in the institutional client segment and builds upon its existing regional presence, which includes a matching engine in Tokyo (TY3), as well as a sales and operational hub in Hong Kong.

Commenting on the appointment, Moffat says: “We see a huge opportunity in the region for Lmax Exchange among banks, brokerages, funds and asset managers. Driven by industry initiatives and regulatory reforms, the market is moving towards firm liquidity as clients require transparency, precision and consistency in execution. Furthermore, only trading on a central limit order book with streaming no ‘last look’ liquidity enables institutional investors to have full control of their trading strategies and their execution costs. Given such growth potential for Lmax Exchange in the industry, Quentin’s wealth of experience of the regional institutional marketplace will be a major asset for our growth in Asia Pacific.”

Galen Stops

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