Cobalt On-Boards FX Veteran Kevin Gillespie for New Sales Role

Cobalt has strengthened its sales unit with FX veteran Kevin Gillespie as the newest addition to its sales and development team. He joins the post-trade solutions provider after a lengthy career in the FX space, and will step into the new role with immediate effect, Finance Magnates has learned.

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Mr. Gillespie has been actively involved in the FX industry for nearly two decades, dating back to 1998. He joins Cobalt from Hotspot, where he worked as Director of FX Sales for over two years. In his new role he will be based out of the group’s London office.

Cobalt represents a slight shift for Mr. Gillespie, given his previous penchant for working with FX brokers and dealing with 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 and sales. Cobalt caters to the broader financial services industry, offerןמע a private network that emphasizes post-trade cost and risk for financial market participants.

Mr. Gillespie has held a number of different roles over the past twenty years, including at Knight Capital Group as Vice President of FX Sales, where he was responsible for selling its FX liquidity offering to Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term, bank and broker/dealer firms for eight years.

Additional stops included IFX Markets as its Head of New Business Development, which saw him develop the group’s online institutional FX business. He also worked at Banca di Roma and Bank of Yokohama, and initially started his career at Union Cal Futures as an FX trader.