FX Veteran Brian Ager Joins BTIG

Brian Ager took on a role in FX business development at US-based brokerage firm BTIG, according to market sources.

BTIG manages securities such as stocks, bonds, mutual funds, and other investment products. The firm employs over 600 industry professionals across 18 offices throughout the US, Europe, and Asia-Pacific.

Ager was President, Foreign Exchange, and Digital Currency, Trading and Risk at Bakkt and President at the Institutional Foreign Exchange Division at Rosenthal Collins Group (RCG) for two years from 2017. He joined Bakkt following the acquisition of RCG in early 2019 but left the firm six months later.

Ager had joined RCG as a Director FX Sales and Trading in New York in 2009 and moved to a similar position at RJ O'Brien (RJO) two years later, where he spent almost six years.

At RCG, Ager was driving the expansion of the firm's FX desk. He was also responsible for refining 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 for RCG's pricing engine by managing liquidity provider relationships.

At RJO, Ager and his team executed spot, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, forwards, and EFP's for a global client base.

Citi, RBC, and AIG

Ager's career began at AIG London's FX spot desk in 1994. He spent more than a decade in various roles at the insurance firm, in which he was responsible for expanding the firm's global client base. Before leaving AIG in 2000, Ager worked in FX institutional sales at the company's head office.

He also held senior positions in FX institutional sales at Citibank and RBC in New York between 2000 and 2006.