Update

By MarketFactory | Jan 9, 2016

London/New York, 7 January, 2016:

MarketFactory, the provider of software and services for the FX market, has strengthened the business going into 2016 with a number of key hires.

 

  • Larry Person joins from International Securities Exchange and previously Tradeweb, focused on further expansion of MarketFactory’s core API product capabilities.

 

  • Wesley Lee joins from Twitter, and previously Apple, as a developer focused on full stack integration.

 

  • Robert Purdy joins from Commerzbank as a senior developer focused on MarketFactory’s marketmaking  and trading APIs.

 

  • Medan Gabbay joins the company’s EMEA sales team based in London working with COO, Darren Jer.   Medan has long experience with technology, financial services and infrastructure sales including as a European sales manager at GE

 

Additionally, David Arnold expands his architecture role covering the company’s pre-trade risk products to encompass all the company’s ultra-low latency technologies.    David has long experience in ultra-low latency equities technologies for brokers and banks.

 

James Sinclair, CEO said: “The business continues to build momentum at a phenomenal rate. As the currency market becomes increasingly fragmented with new trading venues and more transactions handled by algorithms, our products are very much in demand by institutions.”

 

MarketFactory’s code handles the messy differences between the 50+ trading venues in FX, enabling banks, brokers and funds to instantly trade on markets around the world.

 

The company has developed innovative pre-trade risk controls that prevent “run-away algos” and enforce formal credit limits with minimal latency.

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