24 Exchange has announced the appointment of Tim Cartledge and Steve Resnick to the its Board of Directors, bringing its membership to five. In addition, the company has created a Board of Advisors and appointed Jose Marques and Marty Pompadur as its first two members. Cartledge has held directorships at BrokerTec, NEX SEF and EBS, the primary trading venues for the US Treasury and […]
Tag: Dmitri Galinov
24 Exchange has received a strategic investment from Standard Chartered, related to which, the bank’s global head of FX trading, Geoff Kot, will join 24 Exchange’s board of directors. The trading venue, which launched in late 2019, offers a central prime broker clearing model with Standard Chartered as the central clearer for the trading of NDFs. It plans […]
News that FastmatchFX founder Dmitri Galinov is planning a return to the FX industry dominates this week’s podcast as Colin Lambert and Galen Stops chat through the challenges and opportunities for the fledgling platform, which leads into a broader discussion around the NDF market in general. Stops also recounts a meeting with an FX market […]
Dmitri Galinov, the founder and former CEO of FastMatch, is preparing to launch a new platform, called 24 Exchange, which he claims will offer market participants a more cost–effective way to trade with one another. “The problem that we’re trying to solve with 24 Exchange is that the cost of technology over the past decade […]
FastMatch and Dmitri Galinov, the founder and former CEO of the company, have resolved the lawsuit filed by Galinov against FastMatch and its parent company, Euronext US.Under the terms of the settlement, neither party admits any liability or wrongdoing.“The settlement is in the best interests of the company, its employees and clients,” says a release announcing the agreement.Galinov left the company on 6 June, 2018 and is “pursuing other interests”, according to the release.Profit & Loss was unable to immediately contact a spokesperson for Euronext, while a spokesperson for Galinov says that as part of the settlement agreement both parties are unable to comment on the terms of the agreement.
Dmitri Galinov, founder and former CEO of FastMatch, has announced that he has filed a lawsuit in the US District Court for the Southern District of New York against FastMatch and Euronext US for the unlawful termination of his employment.
Galinov left Fastmatch just over one year after Euronext acquired a 90% stake in the company, his departure was seen by many at the time as surprising.
The lawsuit asserts that Galinov was fired in June 2018 “improperly, unceremoniously, and under false pretense” as part of “a Machiavellian scheme”.
Dmitri Galinov, CEO of Fastmatch, has left the firm. Fastmatch was bought by exchange group Euronext one year ago.
Kevin Wolf, head of FICC for the US, has assumed responsibility for Fastmatch. Wolf will report to Paul Humphries, global head of FICC at the exchange group. Wolf joined Euronext in August 2017 after a short spell as principal at Viable Markets, prior to which he spent six years at Eris Exchange, most latterly as chief business and product development officer.