Sucden Financial Names Wayne Roworth as Co-Head of e-FX

Sucden Financial has appointed longtime FX industry veteran Wayne Roworth as its newest co-head of e-FX, who will serve alongside Peter Brooks – Mr. Roworth joins from Shift 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, where he served as the director of 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 services.

Mr. Roworth is the newest addition to Sucden Financial, who will work with Peter Brooks to manage and foster the company’s FX and bullion liquidity offerings – this has proven to be an integral facet of Sucden Financial’s business, namely as it supplies to brokers and financial institutions seeking STP liquidity.

In his newest role as co-head of e-FX, Mr. Roworth will be reporting to Michael Overlander, chief executive of Sucden Financial. Mr. Roworth has more than two decades of experience in the FX industry, having most recently joined from Shift Forex. Prior to this he also held senior level roles at FX Pro (UK) and CMC Markets Plc.

According to Michael Overlander in a recent statement on the appointment, “Being a highly diversified company within the heart of a vibrant and successful trading group, we offer our clients access to a wide variety of financial instruments, which alongside FX, encompasses key global commodities including base metals, energy and agricultural products.”

“Our understanding of risk and the need for prudent controls marries well with the appointment of Wayne, who brings his own experience and understanding of pricing management to our e-FX Team.”

“In the calendar year of 2014 we recorded our highest operating profits to date. As we enter our 42nd year, the road for 2015 and beyond will provide us with further opportunities to grow and diversify a business that has always embraced prudent and steady growth,” added Mr. Overlander.

“We will be capitalising on Wayne’s extensive trading and liquidity management experience and are pleased to welcome him to the e-FX team. We will be working together to further develop the team, whilst continuing to deliver a market leading service to clients,” noted Peter Brooks, co-head of e-FX.

According to Wayne Roworth, co-head of e-FX, in a statement on his position, “Sucden Financial has a strong reputation in Foreign Exchange and I look forward to drawing on my skills and experience and working with Peter to help create further success for the firm.”