Exclusive: Fastmatch On-Boards Nick Burrlock from Currenex

Fastmatch has just boosted its senior executive team in London with a new hire. One of the leading electronic communications networks (ECNs) for foreign exchange trading has on-boarded Nick Burrlock from Currenex. He served as Vice President and Head of 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 Management for the EMEA region at Currenex for almost 9 years.

He will continue to be based in London and will continue in his role as a key liquidity management executive after he helped set up and establish the liquidity management operation at Currenex.

Burrlock is starting in his next position from next Monday. Currently the London operation of Fastmatch consists of five people in the sales team, with Burrlock joining the company to meet the growing demand for liquidity management services as the number of companies using the ECN has been growing more rapidly in recent months.

Liquidity management is a very important component of an ECN's business. Liquidity managers make sure that Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term and market takers are satisfied by the services they exchange with each other.

Burrlock is an industry veteran with his career in FX starting all the way back in 1990, when he was an FX dealer at Toyo Trust and Banking, a role that he swapped for 6 years of proprietary trading at the Commonwealth Bank of Australia.

Having worked in both the buy and the sell side of the industry makes Burrlock the latest key hire to join the firm in London after a series of sales hires in recent months.