Edgewater Markets, the NFA-registered non-bank FX liquidity supplier, has appointed FX veteran Sal Provenzano to be the agency’s new Managing Director of eFX Sales.
Provenzano joins the NY-based based mostly firm from GTX, an institutional international alternate buying and selling platform. During his four-year tenure, Provenzano was accountable for GTX’s institutional gross sales with a concentrate on the group’s US clientele, based mostly out of New York. His go away marks one other senior workers departures to be introduced since 360T agreed on a deal final 12 months to purchase GTX.
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Prior to touchdown at GAIN GTX, Provenzano labored at Velocity Trade as its Head of Institutional FX since April 2013. Additionally, he additionally held senior-level roles at Prudential Bache/Jeffries Bache as its Global Head of FX Prime Brokerage, ABN AMRO Bank as its Director and Head of FXPB Sales, and MW Marshall Group as its Managing Director and Head of Foreign Exchange Brokerage.
Edgewater expects Provenzano’s trade expertise, which dates again to 1981, and deep relationships to strengthen its international gross sales capabilities because it appears to be like to develop its attain and proceed to construct market share.
Edgewater Expands EFX providing
Edgewater has just lately allowed European purchasers to leverage its international alternate providing that covers a variety of Latin American non-deliverable currencies. The growth offers Edgewater’s FX neighborhood in different areas extra entry to rising markets whereas bringing larger effectivity and diminished operational complexity.
The digital FX liquidity and distribution specialist says that the step helps meet the wants of its company and institutional purchasers, together with native banks, pension funds, hedge funds, brokers and finish customers, for hedging and execution of actual Latin American FX and non-deliverable forwards enterprise.
Commenting on his appointment, Provenzano stated: “I’m wanting ahead to becoming a member of Edgewater Markets’ workforce and the chance to contribute to the general development of the corporate. Based on the main focus and diversification of proprietary product choices, the quickly increasing international footprint, and the personalized finish person buying and selling options being provided to institutional purchasers, Edgewater’s service providing could be very compelling.”
“We are extraordinarily excited to have Sal be a part of Edgewater’s workforce. The depth of his data and in depth foreign exchange trade expertise will enable us to additional strengthen and develop our providing within the sector. This continued hiring enlargement permits us to leverage the great development and success we proceed to expertise” added Skovran Schreder, co-founder and CEO of Edgewater Markets.