Exclusive: Brandon Mulvhill Swaps FXCM for Jefferies

The Global Head of FXCM Pro Brandon Mulvhill is set to leave FXCM after 12 years in a variety of roles at the company. He will be joining Jefferies as Head of the New York-based investment bank’s FX prime brokerage.

Commenting to Finance Magnates, FXCM’s spokeswoman said: “After 12 years of commitment and drive, Brandon Mulvihill will be stepping down from his role at FXCM. During his tenure at the company Brandon has helped both start and manage; multiple business lines, offices, joint ventures, and most recently FXCM Pro, our institutional sales and customer services group.”

“We thank him greatly for all of his hard work and are thrilled that he will be staying within the Leucadia family in his new role as the head of FX Prime Brokerage at Jefferies,” the statement highlights.

The brokerage elaborated on its FXCM Pro offering: “FXCM will continue to focus on expanding its FXCM Pro offering with a dedicated team consisting of veteran executives who have a long history within the FX, CFD and Prime Brokerage space.”

FXCM Pro focuses on servicing retail FX and CFDs brokers needing 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 technology solutions as well as data, prime of prime and networking solutions for institutional customers.

“FXCM Pro will remain providing Omnibus relationships, servicing retail FX and CFD brokers needing liquidity and technology solutions as well as data. FXCM Prime continues to provide users centralized Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term across multiple venues, with pre-trade and post-trade risk monitoring. This product addresses the needs of HFTs and funds, many of whom are now seeking alternative credit solutions,” the company’s statement concluded.