Fastmatch Expands in Singapore, On-Boards Trent Beacroft from Hotspot

Trent Beacroft has joined FastMatch, an Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) for trading foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, in Singapore as Managing Director of Sales effective February 1st, 2017.

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Assuming his new position, Trent will manage and drive sales opportunities across hedge funds, banks, brokers and asset managers segments in Asia. He will be tasked with further developing Singapore’s sales potential within top tier institutions throughout the Asia Pacific region.

Mr. Beacroft has a longstanding career in the FX industry at senior level, having spent the last eight years at FastMatch’s rival Hotspot / BATS Global Markets as Head of Asia Pacific. Before joining Hotspot, he held a series of high profile positions in both sales and trading in FX and rates with top tier institutions. Mr. Beacroft began his career almost twenty years ago at Westpac as Chief Dealer.

Based in Singapore, Trent Beacroft will report to Paul Ainsworth, Global Head of Sales of FastMatch.

Finance Magnates last reported on Fastmatch earlier this month when the company reported a sharp decline in monthly volumes in December. The final month of last year was heavily affected by a number of holidays including Christmas, New Year and Hanukkah.