Jump Liquidity, the new direct trading focused brand of Jump Trading launched at Profit & Loss Forex Network Chicago last week, announces three hires for its sales team.
Harry Kent joins the European sales team from Barclays Capital, where he was most recently working in e-FX sales in London. He joined Barclays in mid-2010 and has worked across the firm’s eFX hedge fund sales desk, execution services and bank sales for the EMEA region. Prior to Barclays, he spent nearly four years with Bloomberg in EMEA FX sales.
FX market structure changes are behind a change in approach on the part of several non-bank market makers, and the direction of travel is very much the mainstream.
“The market structure has changed and our model has definitely changed with it,” said Laine Litman, head of Virtu Financial’s customised and disclosed liquidity offerings in FX and fixed income, in kicking off the second panel on liquidity provision at Profit & Loss Forex Network Chicago. “What liquidity consumers needed two or three years ago has changed and with that, we have had to look at our models as well as at how we interact with markets.