Edgewater Markets has launched an equity offering for its new crypto-focused spin-off, Edgewater Digital Technologies (EDT). EDT plans to launch a digital asset trading platform – Crypto Prime Trader – later this year, and to help accelerate its development and launch, Edgewater is offering up to $25 million of preferred equity in a private placement. […]
Edgewater Markets has hired Sal Provenzano as managing director of eFX Sales. He will based in the firm’s New York office.“I am looking forward to joining Edgewater Markets’ team and the opportunity to contribute to the overall growth of the company. Based on the focus and diversification of proprietary product offerings, the rapidly expanding global footprint, and the customised end-user trading solutions being offered to institutional clients, Edgewater’s service offering is very compelling,” says Provenzano.Before GTX, Provenzano was at Velocity Trade, a global institutional and corporate forex broker, where he was head of institutional FX for the Americas region. Prior to that, he held a range of senior level positions with global brokerage firms and large commercial and investment banks, including ABN Amro and Prudential Bache, where he was global head of FX prime brokerage.
Edgewater Markets recently hosted an event in Lima, Peru, to celebrate the continued roll out of its new LatamFX.Pro platform. Galen Stops attended the event and sat down with the firm’s senior management to discuss why they’re making such a strong push in Latin America.
n a nutshell, the central thesis behind Edgewater Market’s Latam strategy is that their technology can be used to convert the NDF market into an NDF trading platform and thereby enabling local market participants to aggregate, consume and distribute FX rates more efficiently.
Edgewater Markets has launched a new South American operation based in Santiago, Chile, that will be headed up by Jose Antonio Buenaño.
Prior to joining, Buenaño was head of financial institutions derivatives origination for Latin American clients at Sumitomo Mitsui Banking Corporation.
Before that, he was CEO at Tanner Corredores de Bolsa, a securities dealer firm, after holding management positions in New York City at Credit Agricole and the Royal Bank of Scotland as head of LatAm sales, focusing on financial institutions in Brazil, Chile, Colombia, Mexico and Peru.
Edgewater Markets has continued its recent raft of senior hires with the appointment of Robert Catalanello as its new global head of sales.
Based in Edgewater’s New York headquarters, Catalanello will be responsible for managing the company’s sales team, as well as client growth and distribution globally. He will report directly to Skovran Schreder, co-founder and CEO.
Catalanello joins the firm after a decade with Credit Agricole, where he headed global market sales for the Americas. Prior to that, he had stints in the global sales and trading businesses at Merrill Lynch, Goldman Sachs and JP Morgan.
Edgewater Markets is expanding its LatAm business with the launch of a local matching engine in Mexico City.
The deployment of the server in the KIO-5 data centre in Mexico, which recently went live in Q3 2016, enables customers to cross connect directly to Edgewater’s local environment. It will support a range of currency pairs, with a strong focus on MXN crosses.
“We are constantly looking for ways to grow our business and to penetrate into new areas of the market and we identified order management as a gap in our offering. We have clients aggressing rates on our platform very actively, but we were lacking on order capability.
Edgewater Markets has hired Imran Mahar as its new chief operating officer.
Based in the New York headquarters, Mahar will be responsible for managing the company’s day-to-day operations globally, reporting directly to Skovran Schreder, co-founder and CEO of Edgewater Markets.
Prior to joining Edgewater, Mahar spent six years with BNP Paribas New York as their director of global prime services, managing an intraday risk team covering, FX, commodities, OTC clearing and listed derivatives. Before BNP, Mahar was part of AIG Financial Products and AIG Trading as a vice president of FX sales and trading for 12 years.