CBOE Elevates Jonathan Watras to Head of FX Sales – APAC

CBOE’s institutional 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 venue Hotspot has promoted Jonathan Watras to Head of FX Sales in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region. The move reflects a shifting focus for Mr. Watras who will now be dedicated to Asia, having relocated from New York.

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Prior to the move, Mr. Watras served as the Director of FX Sales for Hotspot in New York, a role he has held since 2016. In his new position Mr. Watras will be based out of Singapore, Finance Magnates has learned.

Mr. Watras has worked in the financial services industry for over a decade. His career has covered a variety of operations in the FX space, including prime brokerage, sales, and systems. Before joining CBOE, previously Bats, Mr. Watras worked at Currenex for nearly three years as Vice President of FX Sales.

During this time he was based out of New York, holding the role since 2013. Additional stops include a brief stint as Vice President of CLS Group, overseeing the group’s business development and corporate strategy.

He also worked as a director at Morgan Stanley Asia for over three years, dating back to 2009. In this capacity he was working out of Morgan Stanley’s Shanghai office, helping open the FX operations team and transitioning the roles from the lender’s Sydney offices. He also was instrumental in helping run its FX prime brokerage team, structured products, and other segments.

The beginning of his career saw him focus on the prime brokerage space at Morgan Stanley as an FX PB analyst. His first role was at HSBC as a FX corporate analyst, extending back to 2005.