Tibor Gergely Joins Commerzbank as eFX Liquidity Provision Director

Commerzbank has strengthened its electronic foreign exchange team by appointing Tibor Gergely as the Director of eFX Liquidity Provision. According to his Linkedin profile, Gergely joined the London office of the German bank in October.

Headquartered in Frankfurt, Commerzbank is the second-largest bank in Germany in terms of assets. The bank has around 28,000 corporate client groups and almost 11 million private and small-business customers in the country. Additionally, it has a retail presence in neighbouring countries like Poland, the Czech Republic and Slovakia.

An eFX Expert

Gergely has more than a decade of experience working in the institutional side of eFX trading. Previously, he worked for several major banks and financial services in eFX-centric roles.

He joined Commerzbank after ten months at AUK Trading, a London-based systematic cryptocurrency trading company he co-founded, and held the role of Chief Trading Officer.

Prior to that, he was the Head of Spot Strategy at 360 Trading Networks, the spot institutional forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term venue of Deutsche Borse. There, he built and developed 360T’s FX Spot Trading products' value proposition for sophisticated liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term consumers and providers.

Gergely joined the financial services industry with a full-time role at BNP Paribas. There he spent almost three years and parted as a Quantitative Analyst in eFX Market Making. In 2020, BNP Paribas revealed its plans to launch an eFX engine in Singapore.

Gergely also spent almost six years at the London office of Bank of America Merrill Lynch, first as a Quant Trader in eFX Market making and then as a Product Specialist in FX Algorithmic Execution. Furthermore, he worked at UniCredit for two years and ten months. He joined the financial services company as the Director of eFX Trading and later became the Head of eFX Trading.