Tag: FX market making

FX market making

Goldman FX Man Moves to Crypto Side

B2C2, a cryptocurrency market maker, has announced the appointment of Phillip Gillespie as CEO of B2C2 Japan. Effective January 29, Gillespie will lead the company’s operations in Tokyo.
He joins from Goldman Sachs where he oversaw the FX G10 business for EMEA as part of the systematic market making team. Previously, he was an FX voice and systematic trader at Barclays and JP Morgan.
“I am very pleased to welcome Phillip as CEO of B2C2 Japan,” says Max Boonen, B2C2 founder. “His expertise in the FX market will be a great asset as we ramp up our business in Japan and the Asia Pacific region more broadly.”

And Another Thing…

As some one who has long argued we should not think in terms of ‘banks’ and ‘non-banks’ when it comes to liquidity providers in FX markets, it may come as a surprise to you that I think there is something fundamentally flawed in how we judge these two segments. There is not a level playing field in terms of compliance and capital requirements, and that was OK for a long while. Now though, the non-banks are hiring salespeople – and that gets my antenna twitching.