Edgewater Markets, a provider of technology, trade execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and liquidity aggregation for the foreign exchange (FX) and precious metals industries, has hired forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term veteran, Chan Chong San, as its Managing Director for the Asia Pacific (APAC) region.

Chan, who was previously the Managing Director of GFI Group, brings over 30 years of industry experience to the new role. He spent five years and a month in his last role at GFI Group, which is a provider of trading technologies to the global over-the-counter and listed markets for cash and derivatives products.

Edgewater Seeks APAC Expansion

In a statement released on Wednesday, Edgewater noted that Chan helped CFI Group Singapore double its targeted revenue for APAC over the course of three years and will head its Singapore office and support its continued investment and growth in the APAC region.

Matt Kassel, Edgewater’s Chief Operating Officer, noted that the company is channeling “unprecedented power and access to banks and financial institutions” in Asia to consolidate on having a presence of more than a decade in the region. This consolidation plan will see Edgewater introduce new technology for trading Asian non-deliverable forward (NDF) pairs, the company said.

“Chong San is the perfect person to lead this effort, and we’re thrilled to welcome him to the team,” Kassel added.

The new development comes days after Edgewater Markets boosted its presence in Latin America by opening a new office in São Paulo, Brazil. The company, which already operates a Mexican office, has tasked Charles Achoa, an executive it hired in October last year, to lead the new office.

Furthermore, Edgewater in the statement noted that it had expanded its data centers last year to include Equinix Singapore SG1 in addition to recently increasing its operations, development and sales teams in the region.

An APAC FX Veteran

According to Edgewater, Chan has “repeatedly spearheaded significant growth of FX trading volumes and revenues” in the APAC region. On top of that, he has wide industry experience working with NDFs.

Apart from the GFI Group, the veteran has served in senior roles at Nittan Capital, OCBC Bank, UBS, HSBC and the Industrial Bank of Japan, among others.

“I’m excited to be joining Edgewater at a time of tremendous expansion in the APAC region,” Chan said in the statement.