Euronext Adds Ex-Currenex’s Ben White to EMEA FX Sales

Less than a month after news of onboarding Wyman Shing from RBS, Euronext FX has revealed yet another addition to its foreign exchange business. The first pan-European exchange, which operates a major 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 ECN service, has augmented its FX business team with the appointment of Ben White as FX Sales Director for the EMEA region.

Mr. White told Finance Magnates that he has joined Euronext’s FX division effective today. Prior to this role, he spent 16 months at State Street’s foreign exchange (FX) business, Currenex, from June 2018 through September 2019.

With around six years’ experience working in FX, Ben has also held several roles at different financial institutions, including the E-FX unit at HSBC Global Banking and Markets.

Other stops include working as FX Client Associate at Santander Global Corporate Banking and assistant vice president at Currenex Sales EMEA.

Mr. White is assuming his new role as the company lines up more industry veterans at a challenging time for an FX sector, which is being ravaged by regulatory and structural change.

Euronext pushes further into FX space

Founded as a joint venture by the Swiss bank Credit Suisse and FX broker FXCM in 2012, Euronext FX (formerly FastMatch) provides an electronic currency 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 mostly for institutional clients such as banks, asset managers and hedge funds. The group saw average daily volumes (ADV) of $16.80 in July 2019. However, the exchange’s volumes, which span Belgium, France, the Netherlands, Portugal, and the UK, were recently unable to build on consecutive yearly growth, despite seeing an upward trending movement in recent months

FastMatch was acquired by Euronext in 2017 as part of the exchange’s strategy to diversify its top line and extend its proposition to an additional asset class. The franco-dutch exchange operator has recently completed the acquisition of Norway’s stock exchange Oslo Bors, valuing it at around 6.8 billion Norwegian crowns ($779 million).