BTIG Fortifies FX Trading Group with Hire of Gareth Thomas

BTIG, a global financial services firm specializing in institutional trading, investment banking, research, and related brokerage services, has secured the services of Gareth Thomas, the latest addition to the group's Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) Trading Group, per a company statement.

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The hire is the latest in a string of moves at BTIG, which has been aggressively strengthening its Fixed Income Credit Group over the past few months. Last month, the group added Anthony Guido, Steven Jones, Jay Sommer, and Jeffrey Walsh, part of a fresh hiring round as it eyes an expansive H2.

Fresh Hiring Round

Mr. Thomas will be based out of New York, helping drive the development of BTIG’s electronic foreign exchange platform, TradeSave FX, which acts as a low-touch technology for advanced direct market access.

More specifically, he will serve as Director of TradeSave FX, catering to banks, hedge funds, CTAs and other institutions. Prior to joining BTIG, Mr. Thomas served as a Sales Director at FastMatch, developing and working on client relationships within the electronic FX market. Additional roles include positions as the Head of Foreign Exchange Trading at Mint, GFT/Gain Capital, and others.

According to Alan Circle, Co-Head of Foreign Exchange Trading at BTIG, in a statement on the hire: “BTIG’s Foreign Exchange Trading Group continues to add value by offering clients a unique set of tools and resources to access global FX 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. Gareth will continue to build upon the success of the group to date and push the TradeSave FX product forward for clients looking for a low-touch solution.”

“Coupled with our high-touch FX capabilities, the TradeSave FX platform enhances our FX offering for clients. Gareth is a welcome addition as we bolster our team to address client demand,” explained Martin Ferraro, Co-Head of Foreign Exchange Trading at BTIG.