FXPA Appoints Tranche of New Officers to Key Board Positions

The 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 Professionals Association (FXPA) has held internal elections for its board, appointing multiple new officers to serve on its executive committee, per an FXPA statement.

The FXPA is a Washington-based organization that collectively represents the shared interests of brokers and market participants in the FX industry. The multinational group, along with its growing membership composition, was initially formed with the aim of advocating the interests of the FX industry to key regulators and policymakers via education, research, and transparency.

New Board Takes Shape

Following the new round of elections, FXPA members re-elected Chip Lowry, Senior Managing Director of State Street Global Markets, its Chairman, and Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group, as Treasurer.

Moreover, FXPA members also elected two new officers to the executive committee - Fulinda Rouse, Co-Head of Global Accounts EBS BrokerTec, as Vice Chair, and Paul Millward, Head of FX Product Strategy Bats Global Markets, as Secretary.

In her new role Ms. Rouse will be succeeding Jill Sigelbaum, Global Head of FX at Traiana, who served in the role for the past year and has since parted ways with the group. Mr. Millward will succeed Bill Goodbody, Senior Vice President, FX, BATS Global Markets, following his departure from FXPA as well.

Furthermore, the FXPA also approved a panel of eight candidates to its 14-person Board of Directors for 2017. These new members include a decorated contingent of industry leaders, including Tahreem Kampton, Senior Director, Microsoft; Tod Van Name, Global Head of FX and Commodities Electronic Trading, Bloomberg; Jessica Sohl, General Counsel, HC Technologies; Edgar Ramon, Global Head of FX, INTL FCStone; and Joe Molluso, Chief Financial Officer, Virtu Financial.