Don Byron to Head Ops and Execution for FIA

FIA, a trade organization representing industry participants in the futures, options and centrally cleared derivatives markets, said on Friday that it has appointed Don Byron as head of global industry operations and 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.

In his new role, Byron will be responsible for developing and implementing industry solutions relating to clearing operations, execution technology, cybersecurity, and market structure issues.

Based in FIA's Chicago office, he will also be the principal liaison with the divisions and committees representing those issue areas.

“We are thrilled to welcome Don to this senior position managing our global operational and technology work,” said FIA President and CEO Walt Lukken.

“We are fortunate that such an experienced manager with deep industry knowledge will be joining us.”

Experienced hands

The incoming executive joins FIA from Fidessa. Working in the company's Chicago division, he was a product manager, focusing on derivatives trading.

Byron helped to develop Fidessa's derivatives Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, giving demos to prospective clients and fixing problems that those clients found.

Prior to his time at Fidessa, Byron spent just under six years at Barclays Capital's office in New York. During his time at the investment bank, he worked on derivatives trading products, including clearing services and the firm's prime brokerage offering.

Alongside his experience at Barclays, Byron has had stints at Northern Trust, ING, and Ramsey Financial.